Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 63

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 63
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 properties could be materially and adversely affected to the extent that an economic slow-down or downturn is prolonged or becomes severe. Our revenues are significantly influenced by demand for residential rental properties generally, and a decrease in such demand will likely have a greater adverse effect on our revenues than if we owned a more diversified real estate portfolio. Our current portfolio is focused predominately on residential rental properties, and we expect that our portfolio going forward will focus predominately on the same. As a result, we are subject to risks inherent in investments in a single industry, and a decrease in the demand for residential rentals would likely have a greater adverse effect on our rental revenues than if we owned a more diversified real estate portfolio.

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The properties in our investment pipeline are subject to contingencies that could delay or prevent acquisition or investment in those properties.

At
any given time, we are generally in discussions regarding a number of properties for acquisition or investment, which we refer to as our
investment pipeline. However, we may not have completed our diligence process on these properties or development projects or have definitive
investment or purchase and sale agreements, as applicable, and several other conditions may be required to be met in order for us to complete
these acquisitions or developments, including approval by our Manager or Board. If we are planning to use proceeds of an offering of our
securities to fund these acquisitions or investments and are unable to complete the acquisition of the interests or investment in any
of these properties or experience significant delays in executing any such acquisition or investment, we will have issued securities in
an offering without realizing a corresponding current or future increase in earnings and cash flow from acquiring those interests or developing
those properties, and may incur expenses in connection with our attempts in consummating such acquisition or investment, which could have
a material adverse impact on our financial condition and results of operations. In addition, to the extent the uses of proceeds from an
offering are designated for the acquisition of or investment in these properties, we will have no specific designated use for the net
proceeds from the offering allocated to the purchase or development and investors will be unable to evaluate in advance the manner in
which we will invest, or the economic merits of the properties we may ultimately acquire or develop with such proceeds.

Our expenses may remain constant or increase, even if our revenues decrease, causing our results of operations to be adversely affected.

Costs
associated with our business, such as mortgage payments, real estate taxes, insurance premiums and maintenance costs, are relatively inf