Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 234

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 234
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. When considering an investment,
we will generally evaluate the following:

| · | the performance and                      
 risk characteristics of that investment; |

| · | how that investment                                  
 will fit within our target portfolio objectives; and |

| · | the expected returns                                  
 of that investment on a risk-adjusted basis, relative 
 to other investment alternatives.                     |

As such, our actual portfolio
composition may vary substantially from the target portfolio described in this prospectus.

Equity investments in contributed
or acquired properties may be subject to existing mortgage financing and other indebtedness or to new indebtedness we incur when we acquire
or refinance these investments. Debt service on such financing or indebtedness will have a priority over any distributions with respect
to our common stock. We do not place any limitations on (i) the number or amount of mortgages which may be placed on any one piece
of property or (ii) the amount or percentage of assets that will be invested in any specific property, subject to our policy not
to be treated as an investment company under the Investment Company Act.

At times, we may invest in
unimproved properties. We will consider a property to be an unimproved property if it was not acquired for the purpose of producing rental
or other operating income, has no development or construction in process at the time of acquisition, and no development or construction
is planned to commence within one year of the acquisition.

Purchase and Sale of Investments

Our policy is to acquire assets
primarily for generation of current income and long-term value appreciation. We intend to hold our properties for an extended period,
and in consideration of the optimal period to enable us to, as appropriate, capitalize on the potential for increased income and capital
appreciation. The period that we will hold our investments will vary depending on the type of asset, interest rates and other factors.

Our Manager will develop a
well-defined exit strategy for each investment. Our Manager will continually re-evaluate the exit strategy of each asset in response to
the performance of the individual asset, market conditions and our overall portfolio objectives, to determine the optimal time to sell
the asset in order to maximize stockholder value and returns. Periodic reviews of each asset will focus on the remaining available value
creation opportunities for the asset and the demand for the asset in the marketplace.

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Economic and market conditions
may influence us to hold our investments for different periods of time. We may sell an asset before the end of the