Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 13

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 13
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ortization expense relates to the Company’s identifiable intangible assets              
 and consists of the value of in-place leases and a real estate tax abatement. The Company’s intangible assets are amortized using              
 the straight-line method, with in-place leases amortized over the remaining non-cancelable term of the respective leases, which is on          
 average six months, and the real estate tax abatement amortized over its remaining life of 159 months.                                         |
| (e) | Represents interest expense for the Property acquisition estimated to have been                                                                
 incurred on (i) the $57.5 million senior loan, which bears interest at a fixed rate of 4.98% and matures in October 2035, and (ii) the         
 borrowings of $22.0 million through the KeyBank Credit Facility, which bears interest per annum, at the Company’s option, at SOFR              
 (Daily Simple or Term) plus 3.60% or the base rate plus 2.50%, and matures one-year from the date of funding, subject to certain               
 minimum paydowns, and timing of such paydowns, pursuant to the terms of the KeyBank Credit Facility. Interest expense is calculated as         
 if the senior loan was entered into, and borrowings through the KeyBank Credit Facility were made, on January 1, 2024. Interest expense        
 also includes deferred financing costs which are recognized at acquisition and amortized using the straight-line method over the remaining     
 life of the senior loan. The senior loan balance assumed in the pro forma balance sheet is presented at fair value less unamortized deferred   
 financing costs.                                                                                                                               |
| (f) | Earnings per share is calculated in accordance with Accounting Standards Codification                                                          
 260 – “Earnings per Share.” The historical earnings per share amounts are the amounts reported in the Company’s                                
 Annual Report on Form 10-K for the year ended December 31, 2024. Unvested share-based payment awards that contain nonforfeitable rights        
 to dividends are participating securities and are included in the computation of earnings per share.                                           |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

| DATE: October 3, 2025 | BLUEROCK HOMES TRUST, INC. 
 By:                        |