Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 45

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 45
---
 acquisition or investment in those properties.

At any given time, we are
generally in discussions regarding a number of properties for acquisition or investment, which we refer to as our investment pipeline.
However, we may not have completed our diligence process on these properties or development projects or have definitive investment or
purchase and sale agreements, as applicable, and several other conditions may be required to be met in order for us to complete these
acquisitions or developments, including approval by our Manager or board of directors. If we are planning to use proceeds of an offering
of our securities to fund these acquisitions or investments and are unable to complete the acquisition of the interests or investment
in any of these properties or experience significant delays in executing any such acquisition or investment, we will have issued securities
in an offering without realizing a corresponding current or future increase in earnings and cash flow from acquiring those interests or
developing those properties, and may incur expenses in connection with our attempts in consummating such acquisition or investment, which
could have a material adverse impact on our financial condition and results of operations. In addition, to the extent the uses of proceeds
from an offering are designated for the acquisition of or investment in these properties, we will have no specific designated use for
the net proceeds from the offering allocated to the purchase or development and investors will be unable to evaluate in advance the manner
in which we will invest, or the economic merits of the properties we may ultimately acquire or develop with such proceeds.

Our expenses may remain constant or increase, even if our revenues decrease, causing our results of operations to be adversely affected.

Costs associated with our
business, such as mortgage payments, real estate taxes, insurance premiums and maintenance costs, are relatively inflexible and generally
do not decrease, and may increase, when residential properties are not occupied, rental rates decrease, tenants fail to pay rent or other
circumstances cause a reduction in property revenues. As a result, if revenues drop, we may not be able to commensurately reduce our expenses,
which would adversely affect our financial condition and results of operations.

Competition in identifying and acquiring our properties could adversely affect our ability to implement our business and growth strategies, which could materially and adversely affect us.

In acquiring our properties,
we compete with a variety of institutional investors, including other REITs, specialty finance companies, public and private funds, savings
and loan associations, banks, mortgage bankers, insurance companies, institutional investors, investment banking firms, financial institutions,
governmental bodies,