Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 76

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 76
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 one of its affiliates, and will have significant responsibilities for
other investment vehicles currently managed by Bluerock affiliates, and may not always be able to devote sufficient time to the management
of our business. Consequently, we may not receive the level of support and assistance that we otherwise might receive if we were internally
managed.

In addition, we offer no
assurance that our Manager will remain our manager or that we will continue to have access to our Manager’s principals and professionals.
The current term of our Management Agreement with our Manager expires October 6, 2025 with automatic one-year renewals thereafter,
and may be terminated earlier under certain circumstances. If the Management Agreement is terminated or not renewed and no suitable replacement
is found to manage us, we may not be able to execute our business plan, which could have a material adverse effect on our results of
operations and our ability to make distributions to our stockholders.

Our Manager may not be successful in identifying and consummating suitable investment opportunities.

Our investment strategy will
require us, through our Manager, to identify suitable investment opportunities compatible with our investment criteria. Our Manager may
not be successful in identifying suitable opportunities that meet our criteria or in consummating investments, including those identified
as part of our investment pipeline, on satisfactory terms or at all. Our ability to make investments on favorable terms may be constrained
by several factors including, but not limited to, competition from other investors with significant capital, including other publicly-traded
REITs and institutional investment funds, which may significantly increase investment costs; and/or the inability to finance an investment
on favorable terms or at all. The failure to identify or consummate investments on satisfactory terms, or at all, may impede our growth
and negatively affect our cash available for distribution to our stockholders.

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The inability of our Manager to retain or obtain key personnel could delay or hinder implementation of our investment strategies, which could impair our ability to make distributions and could reduce the value of your investment.

Our Manager will be obligated
to supply us with substantially all of our senior management team, including our chief executive officer, president, chief accounting
officer and chief operating officer. Subject to investment, leverage and other guidelines or policies adopted by our board of directors,
our Manager will have significant discretion regarding the implementation of our investment and operating policies and strategies. Accordingly,
we believe that our success will depend significantly upon the experience, skill, resources, relationships and contacts of the senior
off