Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 108

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 108
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 the financing of our assets and certain administrative services. We pay the
Manager and its affiliates, including the Dealer Manager, fees and expense reimbursements for these services, which will reduce the amount
of cash available for further investments or distribution to our stockholders.

We will be required to pay substantial compensation to the Manager and its affiliates or related parties, regardless of whether we operate at a profit or a loss.

The
Manager and its affiliates will receive compensation, and expense reimbursements in connection with the services they provide to us as
described in the Management Agreement, regardless of whether we operate at a profit or a loss. These payments to the Manager and its affiliates
or related parties will decrease the amount of cash we have available for operations and new investments and could negatively impact our
ability to pay distributions and your overall return.

We may have difficulty completely funding our distributions with funds provided by cash flows from operating activities; therefore, we may use cash flows from financing activities, which may include borrowings and net proceeds of our offerings of our securities, cash resulting from a waiver or deferral of fees by the Manager or from expense support provided by the Manager, or other sources to fund distributions to our stockholders. The use of these sources to pay distributions and the ultimate repayment of any liabilities incurred could adversely impact our ability to pay distributions in future periods, decrease the amount of cash we have available for operations and new investments and/or potentially impact the value or result in dilution of your investment by creating future liabilities, reducing the return on your investment or otherwise.

We
may not generate sufficient cash flows from operating activities, as determined on a GAAP basis, to fully fund distributions to you. To
date, we have funded, and expect to continue to fund, distributions to our stockholders, with cash flows from financing activities, which
may include borrowings and net proceeds of offerings of our securities, cash resulting from a waiver or deferral of fees or expense reimbursements
otherwise payable to the Manager or its affiliates, cash resulting from the Manager or its affiliates paying certain of our expenses,
proceeds from the sales of assets, or from our cash balances. Our charter does not prohibit our use of such sources to fund distributions.
We may be required to fund distributions from a combination of some of these sources if our investments fail to perform as anticipated,
if expenses are greater than expected or as a result of numerous other factors. We have not established a cap on the amount of our distributions
that may be paid from any of these sources.