Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 67

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 67
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 Income Test. As a result of these rules, we may have to limit the use of hedging techniques that might
otherwise be advantageous, which could result in greater risks associated with interest rate or other changes than we would otherwise
incur.

You may not receive any profits resulting from the sale of one of our properties, or receive such profits in a timely manner, because we may provide financing for the purchaser of such property.

If we liquidate our company,
you may experience a delay before receiving your share of the proceeds of such liquidation. In a forced or voluntary liquidation, we may
sell our properties either subject to or upon the assumption of any then-outstanding mortgage debt or, alternatively, may provide financing
to purchasers. We may take a purchase-money obligation secured by a mortgage as partial payment. We do not have any limitations or restrictions
on our taking such purchase-money obligations. To the extent that we receive promissory notes or other property instead of cash from sales,
such proceeds, other than any interest payable on those proceeds, will not be included in net sale proceeds until and to the extent the
promissory notes or other property are actually paid, sold, refinanced or otherwise disposed of. In certain cases, we may receive initial
down payments in the year of sale in an amount less than the selling price and subsequent payments may be spread over a number of years.
In such cases, you may experience a delay in the distribution of the proceeds of a sale until such time.

We are subject to increasing scrutiny from investors with respect to the social and environmental impact of our business, which may adversely impact our business and ability to raise capital from such investors.

In recent years, certain investors
have placed increasing importance on the implications of our business with respect to Environmental, Social, and Governance (“ESG”)
matters. Investors’ increased focus and activism related to ESG and similar matters may constrain our business operations. In addition,
investors may decide to refrain from investing in us as a result of their assessment of our approach to and consideration of the ESG factors.

Global economic, political and market conditions, including uncertainty about the financial stability of the United States, could have a significant adverse effect on our business, financial condition and results of operations.

Various
social and political circumstances in the U.S. and around the world (including wars and other forms of conflict, terrorist acts, security
operations and catastrophic events such as fires, floods, earthquakes, tornadoes, hurricanes and global health epidemics or outbreaks