Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 62

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 62
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| · | The possibility                                                                                                                    
 that the competing demands for the time of certain of our officers may result in them spending insufficient time on our business,  
 which may result in our missing investment opportunities or having less efficient operations, which could reduce our profitability 
 and result in lower distributions to you.                                                                                          |

Any of these and other conflicts
of interest could have a material adverse effect on the returns on our investments, our ability to make distributions to stockholders
and the trading price of our stock.

The ownership by our executive officers of interests representing a significant portion of our common stock on a fully diluted basis could allow our executive officers to exert significant influence over our company in a manner that may not be in the best interests of our other stockholders.

As of June 30, 2025,
our executive officers beneficially owned interests representing approximately 24.9% of the total economic interest in our Class A
common stock and Class C common stock on a fully diluted basis, where “on a fully diluted basis” assumes that all outstanding
OP Units, C-OP Units (as defined in the Partnership Agreement), LTIP Units, and C-LTIP Units (as defined in the Partnership Agreement),
whether vested or unvested, in each case are ultimately settled for shares of our common stock. In addition, as of June 30, 2025,
the aggregate voting power of our executive officers represented approximately 9.1% of the total voting power of our outstanding Class A
common stock and Class C common stock. As a result of our executive officers’ significant ownership in our company, our executive
officers will have significant influence over our affairs and could exercise such influence in a manner that is not in the best interests
of our other stockholders, including with respect to matters submitted to our stockholders for approval such as the election of directors
and any merger, consolidation or sale of all or substantially all of our assets. Our executive officers may have interests that differ
from our other stockholders, and may accordingly vote in ways that may not be consistent with the interests of those other stockholders.

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Our executive officers will have competing demands on their time and attention.

Our executive officers have
competing demands on their respective time and attention, principally with respect to the provision of services to affiliates of our
Manager. Our executive officers are permitted to devote time to certain outside activities, so long as those duties and activities do
not unreasonably interfere