Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 92

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 92
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, we believe that our success will depend significantly upon the experience, skill, resources, relationships and contacts of
the senior officers and key personnel of our Manager and its affiliates. In particular, our success depends to a significant degree upon
the contributions of Messrs. Kamfar, Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala, all of whom are senior officers of our Manager.
We will not have employment agreements with any of these key personnel and do not have key man life insurance on any of them. If any of
Messrs. Kamfar, Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala were to cease their affiliation with us or our Manager, our Manager
may be unable to find suitable replacements, and our operating results could suffer. We believe that our future success will depend, in
large part, upon our Manager’s ability to hire and retain highly skilled managerial, operational and marketing personnel. Competition
for highly skilled personnel is intense, and our Manager may be unsuccessful in attracting and retaining such skilled personnel. If we
lose or are unable to obtain the services of highly skilled personnel, our ability to implement our investment strategies could be delayed
or hindered, and the value of your investment may decline.

Our Manager’s limited operating history makes it difficult for you to evaluate this investment.

Our
Manager has limited operating history and may not be able to successfully operate our business or achieve our investment objectives. We
may not be able to conduct our business as described in our plan of operation.

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Non-renewal of the Management Agreement, even for poor performance, could be difficult and costly, including as a result of termination fees, and may cause us to be unable to execute our business plan.

Non-renewal
of the Management Agreement without cause, even for poor performance, could be difficult and costly. We may decline to renew the Management
Agreement without cause upon the affirmative vote of at least two-thirds of our independent directors that (1) there has been unsatisfactory
performance by our Manager that is materially detrimental to us or (2) the Base Management Fee and Incentive Fee (each as defined
in the Management Agreement) payable to our Manager are not, taken as a whole, in accordance with then-current market rates charged by
asset management companies rendering services similar to those rendered by our Manager, subject to our Manager’s right to prevent
such non-re