Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 47

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 47
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 regional and local economic conditions, which may be negatively impacted by concerns about inflation, deflation, government 
 deficits, high unemployment rates, decreased consumer confidence and liquidity concerns, particularly in markets in which we have a high 
 concentration of properties;                                                                                                             |

| ● | fluctuations                                                                                                                         
 and relative increases in interest rates, which could adversely affect our ability to obtain financing on favorable terms or at all; |

| ● | the                               
 inability of tenants to pay rent; |

| ● | the                                                                                                                               
 existence and quality of the competition, such as the attractiveness of our properties as compared to our competitors’ properties 
 based on considerations such as convenience of location, rental rates and safety record;                                          |

| ● | increased                                                                                                       
 operating costs, including increased real property taxes, HOA fees, maintenance, insurance and utilities costs; |

| ● | weather                                                                                   
 conditions that may increase or decrease energy costs and other weather-related expenses; |

| ● | oversupply                                                                                                          
 of residential housing or a reduction in demand for real estate in the markets in which our properties are located; |

| ● | costs                                                                  
 and time period required to convert acquisitions to rental properties; |

| ● | a                                                                                                                                         
 favorable interest rate environment that may result in a significant number of potential residents of our properties deciding to purchase 
 homes instead of renting;                                                                                                                 |

| ● | rules,                                                                                                                                     
 regulations and/or policy initiatives by government and private actors, including HOAs, to discourage or deter the purchase of residential 
 properties by entities owned or controlled by institutional investors;                                                                     |

| ● | construction   
 of new supply; |

| ● | changes                                                                                                                                   
 in, or increased costs of compliance with, laws and/or governmental regulations, including those governing usage, zoning, the environment 
 and taxes; and                                                                                                                            |

| ● | rent                                                                                                                                  
 control or stabilization laws, or other laws regulating rental housing, which could prevent us from raising rents to offset increases 
 in operating costs.                                                                                                                   |

Moreover, other factors may adversely affect our results of operations, including potential liability under environmental and other laws and other unforeseen events, many of which are discussed elsewhere in the following risk factors. Any or all of these factors could materially adversely affect our results of operations through decreased revenues or increased costs. Many of our costs, such as operating expenses and general and administrative expenses, interest expense and real estate acquisition and construction costs, could be adversely impacted by periods of heightened inflation. Inflation in the United States remained elevated throughout 2023 and 2024 and