Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 69

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 69
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 to us, and generally will have limited capital invested in a project, if any. One or more members of our network may perform poorly in managing our project investments for a variety of reasons, including failure to properly adhere to budgets or properly implement the property business plan. A member of our network may also underperform for strategic reasons related to projects or assets that the partner is involved in with a Bluerock affiliate but not our company. If a member of our network does not perform well, we may not be able to ameliorate the adverse effects of poor performance by terminating the partner and finding a replacement partner to manage our projects in a timely manner. In such an instance, the returns to our stockholders could be adversely affected. Actions of our joint venture partners could subject us to liabilities in excess of those contemplated or prevent us from taking actions which are in the best interests of our stockholders, which could result in lower investment returns to our stockholders. We have entered into, and in the future intend to enter into, joint ventures, including with members of our operating partner network, to acquire or improve properties. We may also purchase properties in partnerships, co-tenancies or other co-ownership arrangements. Such investments may involve risks not otherwise present when acquiring real estate directly, including, for example:

| ● | joint                                                                                                                                    
 venturers may share certain approval rights over major decisions and reduce our flexibility to maximize project values or limit property 
 costs;                                                                                                                                   |

| ● | that                                                                                                                                      
 such co-venturer, co-owner or partner may at any time have economic or business interests or goals which are or which become inconsistent 
 with our business interests or goals, including inconsistent goals relating to the timing of the sale of properties held in the joint     
 ventures and/or the timing of termination or liquidation of the joint ventures;                                                           |

| ● | the                                                                                                                                     
 possibility that our co-venturer, co-owner or partner in an investment might become insolvent or bankrupt and thus be unable to fulfill 
 its financial obligations to us in that investment;                                                                                     |

| ● | the                                                                                                                           
 possibility that we may incur liabilities as a result of an action or omission taken by our co-venturer, co-owner or partner; |

| ● | that                                                                                                                                  
 such co-venturer, co-owner or partner may be in a position to take action contrary to our instructions or requests or contrary to our 
 policies or objectives, including our policy with respect to maintaining our qualification as a REIT;                                 |

| ● | disputes