XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.25.4

Schedule III and Schedule IV (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Schedule III and Schedule IV |
Schedule of real estate and accumulated depreciation | ​
​ | ​
Bluerock Homes Trust, Inc. | ​
Schedule III - Real Estate and Accumulated Depreciation | December 31, 2025
(amounts in thousands) | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
COLUMN A | ​ ​ ​ | COLUMN B | ​ ​ ​ | ​ | COLUMN C | ​ ​ ​ | COLUMN D | ​ ​ ​ | ​ | COLUMN E | ​ ​ ​ | COLUMN F | ​ ​ ​ | COLUMN G | ​ ​ ​ | COLUMN H
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Life on Which
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Depreciation in
​ | ​ | ​ | ​ | ​ | ​ | ​ | Initial Cost | ​ | Capitalized | ​ | Gross Amount at Which Carried at Close of Period | ​ | ​ | ​ | ​ | ​ | ​ | Latest Income
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Building and | ​ | Subsequent | ​ | ​ | Building and | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | Date of | ​ | Statement is
Property | ​ ​ ​ | Location | ​ | Encumbrance | ​ | Land |  | Improvements |  | to Acquisition | ​ | Land |  | Improvements | ​ | Total |  | ​ | Depreciation |  | Acquisition |  | Computed
Real Estate Held for Investment | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Abode Wendell Falls (1) | ​ | NC | ​ | ​ | — | ​ | ​ | 6,514 | ​ | ​ | — | ​ | ​ | 6,868 | ​ | ​ | 6,514 | ​ | ​ | 6,868 | ​ | ​ | 13,382 | ​ | ​ | — | ​ | 2023 | ​ | 3 - 40 Years
Allure at Southpark | ​ | NC | ​ | ​ | 55,166 | ​ | ​ | 10,451 | ​ | ​ | 80,917 | ​ | ​ | 1,086 | ​ | ​ | 10,451 | ​ | ​ | 82,003 | ​ | ​ | 92,454 | ​ | ​ | 2,507 | ​ | 2024 | ​ | 3 - 40 Years
Amira at Westly | ​ | FL | ​ | ​ | 56,650 | ​ | ​ | 15,287 | ​ | ​ | 88,602 | ​ | ​ | 1,700 | ​ | ​ | 15,290 | ​ | ​ | 90,299 | ​ | ​ | 105,589 | ​ | ​ | 3,520 | ​ | 2024 | ​ | 3 - 40 Years
Avenue at Timberlin Park | ​ | FL | ​ | ​ | 23,660 | ​ | ​ | 4,752 | ​ | ​ | 28,512 | ​ | ​ | 1,891 | ​ | ​ | 4,752 | ​ | ​ | 30,403 | ​ | ​ | 35,155 | ​ | ​ | 1,615 | ​ | 2024 | ​ | 3 - 40 Years
Ballast | ​ ​ ​ | AZ / CO / WA | ​ ​ ​ | ​ | — | ​ ​ ​ | ​ | 7,272 | ​ ​ ​ | ​ | 25,900 | ​ ​ ​ | ​ | 1,616 | ​ ​ ​ | ​ | 7,321 | ​ ​ ​ | ​ | 27,467 | ​ ​ ​ | ​ | 34,788 | ​ ​ ​ | ​ | 3,665 | ​ ​ ​ | 2022 | ​ ​ ​ | 3 - 40 Years
District at Parkview |  | GA | ​ |  | 38,625 | ​ |  | 6,705 | ​ |  | 60,959 | ​ |  | — | ​ |  | 6,705 | ​ |  | 60,959 | ​ |  | 67,664 | ​ |  | — |  | 2025 |  | 3 - 40 Years
Golden Pacific |  | IN / KS / MO | ​ |  | — | ​ |  | 5,219 | ​ |  | 25,935 | ​ |  | 4,599 | ​ |  | 5,219 | ​ |  | 30,534 | ​ |  | 35,753 | ​ |  | 4,256 |  | 2021/2022 |  | 3 - 40 Years
Harmony at Clear Creek (1) | ​ | KS | ​ | ​ | 1 | ​ | ​ | 3,142 | ​ | ​ | 1,002 | ​ | ​ | 1,759 | ​ | ​ | 3,142 | ​ | ​ | 2,761 | ​ | ​ | 5,903 | ​ | ​ | — | ​ | 2025 | ​ | 3 - 40 Years
ILE | ​ | TX / SE US | ​ | ​ | 44,878 | ​ | ​ | 19,824 | ​ | ​ | 79,344 | ​ | ​ | 12,578 | ​ | ​ | 19,824 | ​ | ​ | 91,922 | ​ | ​ | 111,746 | ​ | ​ | 13,281 | ​ | 2021/2022 | ​ | 3 - 40 Years
Indy-Springfield | ​ | IN / MO | ​ | ​ | 21,277 | ​ | ​ | 7,254 | ​ | ​ | 39,001 | ​ | ​ | 4,732 | ​ | ​ | 7,259 | ​ | ​ | 43,728 | ​ | ​ | 50,987 | ​ | ​ | 6,897 | ​ | 2021 | ​ | 3 - 40 Years
Parkside at Summers Corner (2) | ​ | SC | ​ | ​ | — | ​ | ​ | 334 | ​ | ​ | 3,026 | ​ | ​ | — | ​ | ​ | 334 | ​ | ​ | 3,026 | ​ | ​ | 3,360 | ​ | ​ | 8 | ​ | 2025 | ​ | 3 - 40 Years
Peak JV 2 |  | Various / TX | ​ |  | 29,196 | ​ |  | 8,953 | ​ |  | 64,008 | ​ |  | 11,203 | ​ |  | 8,965 | ​ |  | 75,199 | ​ |  | 84,164 | ​ |  | 12,178 |  | 2021/2022 |  | 3 - 40 Years
Peak JV 3 (3) |  | TX | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — |  | 2021 |  | 3 - 40 Years
Savannah-84 |  | GA | ​ |  | 9,527 | ​ |  | 2,698 | ​ |  | 17,880 | ​ |  | 508 | ​ |  | 2,698 | ​ |  | 18,388 | ​ |  | 21,086 | ​ |  | 2,089 |  | 2022 |  | 3 - 40 Years
Southern Pines Reserve |  | NC | ​ |  | 30,739 | ​ |  | 4,240 | ​ |  | 53,406 | ​ |  | 788 | ​ |  | 4,240 | ​ |  | 54,194 | ​ |  | 58,434 | ​ |  | 1,425 |  | 2025 |  | 3 - 40 Years
Skytop Apartments |  | OH | ​ |  | 57,525 | ​ |  | 8,341 | ​ |  | 75,869 | ​ |  | 3 | ​ |  | 8,341 | ​ |  | 75,872 | ​ |  | 84,213 | ​ |  | 648 |  | 2025 |  | 3 - 40 Years
Villas at Huffmeister | ​ | TX | ​ | ​ | 26,846 | ​ | ​ | 7,950 | ​ | ​ | 32,818 | ​ | ​ | 1,187 | ​ | ​ | 7,950 | ​ | ​ | 34,005 | ​ | ​ | 41,955 | ​ | ​ | 2,274 | ​ | 2024 | ​ | 3 - 40 Years
Wayford at Concord |  | NC | ​ |  | 32,973 | ​ |  | 2,933 | ​ |  | 40,922 | ​ |  | 318 | ​ |  | 2,933 | ​ |  | 41,240 | ​ |  | 44,173 | ​ |  | 6,221 |  | 2021 |  | 3 - 40 Years
Yauger Park Villas |  | WA | ​ |  | 13,720 | ​ |  | 1,322 | ​ |  | 24,575 | ​ |  | 854 | ​ |  | 1,322 | ​ |  | 25,429 | ​ |  | 26,751 | ​ |  | 4,614 |  | 2021 |  | 3 - 40 Years
Subtotal |  | ​ | ​ |  | 440,783 | ​ |  | 123,191 | ​ |  | 742,676 | ​ |  | 51,690 | ​ |  | 123,260 | ​ |  | 794,297 | ​ |  | 917,557 | ​ |  | 65,198 |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Single-family properties held for sale (4) | ​ | Various | ​ | ​ | — | ​ | ​ | 2,880 | ​ | ​ | 12,809 | ​ | ​ | 1,718 | ​ | ​ | 2,880 | ​ | ​ | 14,527 | ​ | ​ | 17,407 | ​ | ​ | 1,760 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-Real Estate assets |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ |  | ​ |  | ​
REIT Operating Partnership | ​ | MI | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 458 | ​ | ​ | — | ​ | ​ | 458 | ​ | ​ | 458 | ​ | ​ | 78 | ​ | 2024 | ​ | 5 Years
REIT Operator |  | MI | ​ |  | — | ​ |  | — | ​ |  | 185 | ​ |  | (143) | ​ |  | — | ​ |  | 42 | ​ |  | 42 | ​ |  | 42 |  | 2017 |  | 5 Years
Subtotal |  | ​ | ​ |  | — | ​ |  | — | ​ |  | 185 | ​ |  | 315 | ​ |  | — | ​ |  | 500 | ​ |  | 500 | ​ |  | 120 |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | ​ | ​ | $ | 440,783 | ​ | $ | 126,071 | ​ | $ | 755,670 | ​ | $ | 53,723 | ​ | $ | 126,140 | ​ | $ | 809,324 | ​ | $ | 935,464 | ​ | $ | 67,078 |  | ​ |  | ​
(1) | Represents a build-to-rent development project with no units delivered as of December 31, 2025.
(2) | Parkside at Summers Corner represents a build-to-rent project with units to be acquired in tranches as construction is completed. Of the total 100 units that the Company has committed to acquire, 12 units had been acquired as of December 31, 2025.
(3) | All 42 units of Peak JV 3 were classified as held for sale at December 31, 2025 and are included in Total Single-family properties held for sale.
(4) | An aggregate of 107 units are classified as held for sale from the following portfolios: 12 units of Golden Pacific, 27 units of ILE, 18 units of Indy-Springfield, 8 units of Peak JV 2, and all 42 units of Peak JV 3.
Schedule of reconciliation of real estate properties | ​
​ | ​
Bluerock Homes Trust, Inc. | ​
Notes to Schedule III | December 31, 2025
(amounts in thousands) | ​
​ 1. Reconciliation of Real Estate Properties The following table reconciles the Real Estate Properties from January 1, 2024 to December 31, 2025.
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Balance at January 1 | ​ | $ | 727,798 | ​ | $ | 498,542
Acquisition of real estate | ​ |  | 217,024 | ​ |  | 269,289
Capital expenditures | ​ |  | 18,133 | ​ |  | 9,863
Impairment | ​ | ​ | (5,905) | ​ | ​ | (4,703)
Disposition of real estate | ​ | ​ | (21,586) | ​ | ​ | (45,193)
Balance at December 31 | ​ | $ | 935,464 | ​ | $ | 727,798
​ 2. Reconciliation of Accumulated Depreciation The following table reconciles the Real Estate Properties from January 1, 2024 to December 31, 2025.
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Balance at January 1 | ​ | $ | 44,170 | ​ | $ | 33,642
Current year depreciation expense | ​ |  | 24,723 | ​ |  | 17,379
Disposition of real estate | ​ |  | (1,815) | ​ |  | (6,851)
Balance at December 31 | ​ | $ | 67,078 | ​ | $ | 44,170
​
Schedule of mortgage loans on real estate | ​
​ | ​
Bluerock Homes Trust, Inc. | ​
Schedule IV - Mortgage Loans on Real Estate | December 31, 2025
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Principal Amount of
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Face Amount of | ​ | Carrying Amount of | ​ | Mortgages Subject to
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Periodic Payment | ​ | ​ | ​ | Mortgages | ​ | Mortgages | ​ | Delinquent
Description | ​ ​ ​ | Property Name | ​ ​ ​ | Location | ​ ​ ​ | Interest Rate | ​ ​ ​ | Maturity Date | ​ ​ ​ | Terms | ​ ​ ​ | Prior Liens | ​ ​ ​ | (in thousands) | ​ ​ ​ | (in thousands) | ​ ​ ​ | Principal or Interest
Real Estate Loans on | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential Rental Community (1) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​ | $ | — | ​ | $ | — |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | — | ​ | $ | — | ​ | ​
(1) | The Company held no loan investments on real estate at December 31, 2025.
Reconciliation of mortgage loans on real estate | Bluerock Homes Trust, Inc. Note to Schedule IV - Reconciliation of Mortgage Loans on Real Estate (amounts in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Balance at beginning of period | ​ | $ | 31,700 | ​ | $ | 17,684
Additions during period: | ​ |  | ​ | ​ |  | ​
Purchases | ​ |  | — | ​ |  | 22,300
Deductions during period: | ​ |  | ​ | ​ |  | ​
Collections of principal | ​ |  | (31,700) | ​ |  | (8,284)
Balance at end of period | ​ | $ | — | ​ | $ | 31,700
​

X
- Definition The tabular disclosure of real estate companies and accumulated depreciation. + References No definition available. + Details
Name: | bhm_RealEstateCompaniesAndAccumulatedDepreciationTableTextBlock
Namespace Prefix: | bhm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of mortgage loans on real estate. + References No definition available. + Details
Name: | bhm_ScheduleMortgageLoansOnRealEstateTableTextBlock
Namespace Prefix: | bhm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of reconciliation of mortgage loans on real estate. + References No definition available. + Details
Name: | bhm_ScheduleOfReconciliationOfMortgageLoansOnRealEstateTableTextBlock
Namespace Prefix: | bhm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of reconciliation of real estate properties. + References No definition available. + Details
Name: | bhm_ScheduleReconciliationOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | bhm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_RealEstateAndAccumulatedDepreciationDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration