Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 12

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 12
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 product (i.e., as a place
to live, interact, and socialize). Our Live/Work/Play initiatives are property specific, and generally consist of attributes that go beyond
traditional features, including highly amenitized common areas, cosmetic and architectural improvements, technology, music and other community-oriented
activities to appeal to our residents’ desire for a “sense of community” by creating places to gather, socialize and
interact in an amenity-rich environment. We believe this creates an enhanced perception of value among residents, allowing for premium
rental rates and improved resident retention.

Diversify Across Markets, Strategies and Investment Size. We will seek to grow our institutional portfolio of residential
properties diversified by geography and by investment strategy and by size to manage concentration risk, while driving both current income
and capital appreciation throughout the portfolio. Our network enables us to diversify across multiple markets and multiple strategies
efficiently, without the logistical burden and time delay of building operating infrastructure in multiple markets and across multiple
investment strategies.

Harvest and Redeploy Capital Selectively. On an opportunistic basis and subject to compliance with REIT restrictions, we intend
to sell properties when we have executed our value creation plans and when we believe the investment has limited additional upside relative
to other opportunities. This allows us to harvest profits and reinvest proceeds to maximize stockholder value.

For more information, see “Our Business and
Properties—Growth Strategies.”

<div align='center'>7</div>

Market and Investment Opportunity

The residential rental industry
has historically been more resilient to economic cycles than other commercial real estate sectors and is currently benefiting from significant
industry tailwinds that began during the COVID-19 pandemic. We believe industry dynamics present a compelling investment opportunity for
us, including:

| · | Renting currently represents a significant cost saving to homeownership, and the recent increases in both housing prices and mortgage rates have exacerbated the difference. This is expected to continue into the future and will force the millennial generation to rent for longer as they enter their household formation years. |

| · | Demand fundamentals are strong and strengthening further, particularly from rental-biased and debt-burdened millennials now reaching peak homeownership age. We believe that a continued upswing in propensity to rent, coupled with the limited and descending supply of housing options, signals significant opportunity in the residential rental industry. |

| · | Residential rental production has been below historical levels since the end of the Great Financial Crisis. This, coupled with lack of new