Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 48

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 48
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 that we will be able to identify and finance investments that are consistent with our investment objectives or to
achieve positive investment results, and our failure to accomplish any of the foregoing could have a material adverse effect on us and
cause the value of our Series B Redeemable Preferred Stock or Class A common stock to decline.

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Our investments will be dependent on tenants for revenue, and tenant failure to pay in a timely manner could reduce our revenues from rents, resulting in the decline in the value of your investment.

The underlying value of our
properties and the ability to make distributions to you depend upon the ability of the tenants of our properties to generate enough income
to pay their rents in a timely manner, and the success of our investments depends upon the occupancy levels, rental income and operating
expenses of our properties and our company. Tenants’ inability to timely or fully pay their rents may be impacted by their employment
prospects and/or other constraints on their personal finances, including debts, purchases and other factors. These and other changes
beyond our control may adversely affect our tenants’ ability to make their required lease payments. In the event of a tenant default
or bankruptcy, we may experience delays in enforcing our rights as landlord and may incur costs in protecting our investment and re-leasing
our property. We may be unable to re-lease the property for the rent previously received. We may be unable to sell an unoccupied property
without incurring a loss. These events and others could cause us to reduce any amount of distributions we plan to make to stockholders
and may also cause the value of your investment to decline.

Our operating results and distributable cash flow depend on our ability to generate revenue from leasing our properties to tenants on terms favorable to us.

Our operating results depend,
in large part, on revenues derived from leasing our residential properties. We are subject to the credit risk of our tenants, and to
the extent our tenants default on their leases or fail to make their required rental payments we may suffer a decrease in our revenue.
In addition, if a tenant does not fully pay its rent, we may not be able to enforce our rights as landlord without delays and we may
incur substantial legal costs. We are also subject to the risk that, upon the expiration of leases, leases may not be renewed, the properties
may not be re-leased or the terms of renewal or re-leasing (including the cost of required renovations or concessions to tenants) may