Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 38

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 38
---
 offerings of Delaware statutory trusts (each, a “DST”)          
 holding residential properties (collectively, the “DST Program”) to meet our primary liquidity requirements. As a result,               
 we may not be able to pay our short-term debt upon maturity or other liabilities and obligations when they come due other than with the 
 net proceeds of an offering, which may limit our ability to fully consummate our business plan and diversify our portfolio.             |

| ● | We                                                          
 may be limited in our ability to diversify our investments. |

| ● | We                                                                                                                                             
 have used and will continue to use mortgage and other indebtedness to partially finance our company, which increases the risk to our business. 
 Our leverage policy has been adopted by our board of directors (the “Board”) and is therefore subject to change without stockholder            
 consent.                                                                                                                                       |

| ● | During                                                                                                                                      
 certain periods of our operations, we may have to fund distributions from offering proceeds, proceeds from our DST Program, borrowings,     
 and the sale of assets to the extent distributions exceed our earnings or cash flows from operations and may do so in the future if we      
 are unable to make distributions with our cash flows from our operations. There is no limit on the amount of offering proceeds we may       
 use to fund distributions. Distributions paid from sources other than cash flow or funds from operations may constitute a return of capital 
 to our stockholders. Rates of distribution may not be indicative of our operating results.                                                  |

4

Table of Contents

| ● | The                                                                                                                                        
 impact of epidemics, pandemics, or other outbreaks of illness, disease or virus (such as COVID-19, and its variants) and the actions taken 
 by government authorities and other factors related thereto, could materially and adversely impact or disrupt our financial condition,     
 results of operations, cash flows and performance.                                                                                         |

| ● | We                                                                                                                                                 
 depend on the senior officers and key personnel of our external manager, Bluerock Homes Manager, LLC (the “Manager”), a Delaware                   
 limited liability company organized in 2022, and its affiliates. In particular, our success depends to a significant degree upon the contributions 
 of Messrs. Kamfar, Babb, MacDonald, Ruddy, Vohs, and DiFranco, as well as Mr. Emala, all of whom are senior officers of our Manager. We            
 do not have employment agreements with any of these key personnel and do not have key man life insurance on any of them.