Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 14

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 14
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 Business and
Properties—Growth Strategies.”

<div align='center'>9</div>

Market and Investment Opportunity

The residential rental industry
has historically been more resilient to economic cycles than other commercial real estate sectors and is currently benefiting from significant
industry tailwinds that began during the COVID-19 pandemic. We believe industry dynamics present a compelling investment opportunity for
us, including:

| · | Renting currently represents a significant cost saving to homeownership, and the recent increases in both housing prices and mortgage rates have exacerbated the difference. This is expected to continue into the future and will force the millennial generation to rent for longer as they enter their household formation years. |

| · | Demand fundamentals are strong and strengthening further, particularly from rental-biased and debt-burdened millennials now reaching peak homeownership age. We believe that a continued upswing in propensity to rent, coupled with the limited and descending supply of housing options, signals significant opportunity in the residential rental industry. |

| · | Residential rental production has been below historical levels since the end of the Great Financial Crisis. This, coupled with lack of new housing supply and a significant decrease in apartment construction following 2024, is expected to create an ideal environment for the residential rental industry, providing landlords with significant pricing power due to a strong imbalance of supply and demand. |

For more information, see “Our Industry and
Market Opportunity —Market and Investment Opportunity.”

Our Environmental, Social and Governance Policies

Environmental: Improvements with the Environment in Mind. In keeping with our Environmental Sustainability Policy, we undertake a variety
of environmental sustainability initiatives, including the installation of energy- and water-conserving fixtures at many of our upgraded
properties. Our Value-Add investment model generates a continually replenishing opportunity for us to improve the environmental impact
of older, less sustainable properties throughout the U.S., while our ground-up, build-to-rent developments incorporate environmentally
sound principles from inception. Our due diligence process incorporates evaluation of environmental impacts, which are factored into our
projections for acquisition or investment, affording us the functional and financial flexibility to develop or retrofit homes to operate
more responsibly in a changing environment.

Social: Social Responsibility. Consistent with our Human Rights Policy, we strive to respect and promote all human rights, consistent
with the UN Guiding Principles on Business and Human Rights, the International Covenant on Civil and Political Rights, and the International
Covenant on Economic, Social and Cultural Rights. We maintain a diverse board of directors, both by ethnicity and