Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 16

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 16
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 effectively manage the impact of these and other risks, our ability to meet our investment objectives would be substantially impaired. In turn, the value of our Class A common stock and our ability to make distributions would be materially reduced. |

| · | Holders of the Series A Redeemable Preferred Stock have extremely limited voting rights. |

Risks Related to Our Status as a REIT

| · | Failure to maintain our qualification as a REIT would materially and adversely affect us and the value of our stock. |

| · | In certain circumstances, we may be subject to certain U.S. federal, state and local taxes despite our qualification as a REIT, which would reduce our cash available for distribution to you. |

| · | If certain of our subsidiaries, including our Operating Partnership, fail to qualify as partnerships or disregarded entities for U.S. federal income tax purposes, we would cease to qualify as a REIT and suffer other material adverse consequences. |

| · | Legislative or other actions affecting REITs could have a negative effect on us or our investors. |

Risks Related to Ownership of Our Common Stock

| · | A limit on the percentage of our capital stock and common stock that a person may own may discourage a takeover or business combination, which could prevent our common stockholders from realizing a premium price for their common stock. |

| · | Maryland law may limit the ability of a third party to acquire control of us. |

| · | Your percentage of ownership may become diluted if we issue new shares of stock or other securities, and issuances of preferred stock or other securities by us may further subordinate the rights of the holders of our common stock. |

| · | Our ability to pay dividends is limited by the requirements of Maryland law. |

| · | We will incur increased costs as a result of operating as a public company. If we fail to maintain proper and effective internal controls, our ability to produce accurate and timely financial statements could be impaired, which could result in sanctions or other penalties that would harm our business. |

Our Manager and Bluerock

We are externally managed
and advised by our Manager. Our Manager is an affiliate of Bluerock, a leading institutional alternative asset manager based in New York
with regional offices across the United States. Pursuant to the terms of the Management Agreement, our Manager will provide us with our
management team and appropriate support personnel, and we will have access to the management, infrastructure, personnel and other resources
of Bluerock necessary for the implementation and execution