Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 55

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 55
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 partners to carry out their assigned tasks or supply materials, services, or funding at ordinary
levels of performance relative to the conduct of our business. See “—Our business, results of operations, financial condition,
and cash flows may be adversely affected by pandemics and outbreaks of infectious disease, which may include COVID-19.” If our assumptions
regarding the costs or timing of renovation and maintenance across our properties prove to be materially inaccurate, our operating results
and ability to make distributions to our stockholders may be adversely affected.

We have in the past acquired and may from time to time in the future acquire some of our residential properties through the auction process, which could subject us to significant risks that could adversely affect us.

We
have in the past acquired and may from time to time in the future acquire some of our residential properties through the auction process,
including auctions of properties that have been foreclosed upon by third-party lenders. Such auctions may occur simultaneously in a number
of markets, including monthly auctions on the same day of the month in certain markets. As a result, we may only be able to visually inspect
properties from the street and will purchase these properties without a contingency period and in “as is” condition with the
risk that unknown defects in the property may exist. Upon acquiring a new residential property, we may have to evict residents who are
in unlawful possession before we can secure possession and control of the property. The holdover occupants may be the former owners or
residents of a property or others who are illegally in possession. Securing control and possession from these occupants can be both costly
and time-consuming or generate negative publicity for our business and harm our reputation.

Allegations
of deficiencies in auction practices could result in claims challenging the validity of some auctions, potentially placing our claim of
ownership to the properties at risk. Since we may not have obtained title insurance policies for properties we acquired through the auction
process, such instances or such proceedings may result in a complete loss without compensation.

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Title defects could lead to material losses on our investments in our properties.

Our
title to a property may be challenged for a variety of reasons, and in such instances title insurance may not prove adequate. For example,
while we do not lend to homeowners and accordingly do not foreclose on a home, our title to properties we acquire at foreclosure auctions
may be subject to challenge based on allegations of defects in the foreclosure process undertaken by other parties. In addition