Bluerock Homes Trust Inc-A美股招股说明书(2025-11-06版)

BLUEROCK HOMES TRUST, INC. This prospectus supplement (this “Prospectus Supplement No. 3”) updates, amends, and supplements the prospectus dated April9, 2025, as supplemented by (i) that certain Prospectus Supplement No. 1 dated May 9, 2025 and (ii) that certain ProspectusSupplement No. 2 dated August 13, 2025 (collectively, the “Prospectus”), which forms a part of our Registration Statement on FormS-11 (Registration No. 333-269415). Capitalized terms used in this Prospectus Supplement No. 3 and not otherwise defined hereinhave the meanings specified in the Prospectus. This Prospectus Supplement No. 3 is being filed to update, amend, and supplement the information in the Prospectus with theinformation contained in (a) our Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October3, 2025 (the “Form 8-K Filing”), and (b) our Quarterly Report on Form 10-Q filed with the SEC on November 6, 2025 (the “Form 10-Q Filing”). Accordingly, we have attached the Form 8-K Filing and the Form 10-Q Filing to this Prospectus Supplement No. 3. You should read this Prospectus Supplement No. 3 in conjunction with the Prospectus, including any amendments andsupplements thereto. This Prospectus Supplement No. 3 is qualified by reference to the Prospectus, except to the extent that theinformation contained in this Prospectus Supplement No. 3 supersedes the information contained in the Prospectus. This ProspectusSupplement No. 3 is not complete without, and may not be utilized except in connection with, the Prospectus. Investing in our securities involves significant risks. See the “Risk Factors” sections of the Prospectus and in Item 1A of ourAnnual Report on Form 10-K filed on March 20, 2025 for a discussion of the risks that should be considered in connection with aninvestment in our securities. Neither the SEC nor any state securities commission has approved or disapproved of these securities or passed upon theadequacy or accuracy of the Prospectus or this Prospectus Supplement No. 3. Any representation to the contrary is a criminaloffense. The date of this Prospectus Supplement is November 6, 2025 UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 8-K CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported):September 29, 2025 Bluerock Homes Trust, Inc.(Exact Name of Registrant as Specified in Its Charter) 919 Third Avenue, 40th FloorNew York, NY 10022(Address of principal executive offices) (212) 843-1601(Registrant’s telephone number, including area code) None.(Former name or former address, if changed since last report) Securities registered pursuant to Section12(b)of the Exchange Act: Check the appropriate box below if the Form 8-K/A filing is intended to simultaneously satisfy the filing obligation of the registrantunder any of the following provisions: ¨Written communications pursuant to Rule425 under the Securities Act (17 CFR 230.425)¨Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR 240.14a-12)¨Pre-commencement communications pursuant to Rule14d-2(b)under the Exchange Act (17 CFR 240.14d-2(b))¨Pre-commencement communications pursuant to Rule13e-4(c)under the Exchange Act (17 CFR 240.13e-4(c)) Emerging growth companyx If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.¨ ITEM 2.01COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS Acquisition of Skytop Property On September 29, 2025, Bluerock Homes Trust, Inc., a Maryland corporation (the “Company”), through BHM DST Acquisitions,LLC, a wholly owned subsidiary of the Company’s operating partnership, Bluerock Residential Holdings, L.P., a Delaware limitedpartnership (the “Operating Partnership”), entered into an Assignment of Purchase and Sale Contract (the “PSA”) with BHM SkytopInvestment Co, LLC, a Delaware limited liability company, and wholly owned subsidiary of the Operating Partnership (“BR SkytopDepositor”), who further assigned the PSA to BR Skytop Multifamily, DST, a Delaware statutory trust and a wholly owned subsidiaryof the Operating Partnership (“BR Skytop DST”), pursuant to which the Company, through its subsidiaries, assigned to BR SkytopDST the right to acquire, through a membership purchase interest agreement, the membership interests in BHM Skytop TH, LLC, aDelaware limited liability company (the “TH Entity”), which holds the fee simple interest in a 361-unit residential community knownas Skytop Apartments, located in Cincinnati, Ohio (the “Skytop Property”), from Wood Stone V Holdings Skytop LLC and WoodStone VI Skytop Holdings LLC, (collectively, the “Skytop Seller”), an unaffiliated seller. On September 29, 2025, the Company, through BR Skytop Depositor, closed on the acquisitio