Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 15

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 15
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 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 gender, and remain committed to ensuring the preservation
of human rights in our relationships with our employees, partners and tenants.

In the creation of our portfolio,
we are especially proud that we are able to address a critical and growing need for quality, well-managed and affordable homes in desirable
communities, striving to demonstrate the possibility of embracing both people and profits. As we discuss below, according to a study by
the Joint Center for Housing Studies of Harvard University