Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 52

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 52
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any economic slow-down or downturn cannot be predicted. Our operations and, as a result, our ability to make distributions to our stockholders
and/or our ability to realize appreciation in the value of our properties could be materially and adversely affected to the extent that
an economic slow-down or downturn is prolonged or becomes severe.

Our revenues are significantly influenced by demand for residential rental properties generally, and a decrease in such demand will likely have a greater adverse effect on our revenues than if we owned a more diversified real estate portfolio.

Our current portfolio is focused
predominately on residential rental properties, and we expect that our portfolio going forward will focus predominately on the same. As
a result, we are subject to risks inherent in investments in a single industry, and a decrease in the demand for residential rentals would
likely have a greater adverse effect on our rental revenues than if we owned a more diversified real estate portfolio.

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The properties in our investment pipeline are subject to contingencies that could delay or prevent acquisition or investment in those properties.

At any given time, we are
generally in discussions regarding a number of properties for acquisition or investment, which we refer to as our investment pipeline.
However, we may not have completed our diligence process on these properties or development projects or have definitive investment or
purchase and sale agreements, as applicable, and several other conditions may be required to be met in order for us to complete these
acquisitions or developments, including approval by our Manager or board of directors. If we are planning to use proceeds of an offering
of our securities to fund these acquisitions or investments and are unable to complete the acquisition of the interests or investment
in any of these properties or experience significant delays in executing any such acquisition or investment, we will have issued securities
in an offering without realizing a corresponding current or future increase in earnings and cash flow from acquiring those interests or
developing those properties, and may incur expenses in connection with our attempts in consummating such acquisition or investment, which
could have a material adverse impact on our financial condition and results of operations. In addition, to the extent the uses of proceeds
from an offering are designated for the acquisition of or investment in these properties, we will have no specific designated use for
the net proceeds from the offering allocated to the purchase or development and investors will be unable to evaluate in advance the manner
in which we will invest, or the economic merits of the properties we may ultimately acquire or develop with such proceeds.

Our expenses