Company: BHM
Filing Date: 2025-02-18
Form Type: 8-K/A
Source: 0001104659-25-014738
Chunk: 7

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-02-18
Form: 8-K/A
Chunk 7
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                     |     |                |  13,764 |   |     |             |     758 |   |     |           |  14,522 |   |
| Total Noncontrolling Interests                                                                                                                                                 |     |                | 326,544 |   |     |             |     758 |   |     |           | 327,302 |   |
| Total Equity                                                                                                                                                                   |     |                | 469,479 |   |     |             |     758 |   |     |           | 470,237 |   |
| TOTAL LIABILITIES AND EQUITY                                                                                                                                                   |     | $              | 800,829 |   |     | $           |  54,784 |   |     | $         | 855,613 |   |

<div align='center'>See Notes to Unaudited Pro Forma Condensed Consolidated
Balance Sheet

BLUEROCK HOMES TRUST, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF SEPTEMBER 30, 2024</div>

| (a) | Historical consolidated financial information derived from the Company’s Quarterly Report on Form 10-Q as of September 30, 2024.                                                                                                                                                                                                                                                                             |
|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | The acquisition of 98.05% ownership interest in Allure at Southpark for a purchase price of $92.0 million, which the Company consolidated on its balance sheet. The Company recorded a $55.2 million senior loan associated with the acquisition of Allure at Southpark. The carrying value of the senior loan includes approximately ($1.2) million of deferred financing costs related to the acquisition. |

<div align='center'>BLUEROCK HOMES TRUST, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024

(In thousands, except share and per share amounts)</div>

| Revenues                                                    |     | Bluerock Homes 
 Trust, Inc.    
 Historical     
 (a)            |           |   |     | Pro Forma   
 Adjustments 
 Allure at   
 Southpark   
 (b)         |        |      |     | Pro Forma 
 Total     |           |   |
|:------------------------------------------------------------|:----|:---------------