Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 67

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 67
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 employee error, malfeasance or other disruptions. Any
such breach could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen. Any
such access, disclosure or other loss of information could result in legal claims or proceedings, liability under laws that protect the
privacy of personal information, regulatory penalties, disruption to our operations and the services we provide to customers or damage
our reputation, and thus could have a material adverse impact on our business, financial condition or results of operations. In addition,
a security breach could require that we expend significant additional resources to enhance our information security systems and could
result in a disruption to our operations.

Conflicts of interest may exist or could arise in the future with our Operating Partnership and its limited partners, which may impede business decisions that could benefit our stockholders.

Conflicts of interest may
exist or could arise as a result of the relationships between us and our affiliates, on the one hand, and our Operating Partnership or
any member thereof, on the other. Our directors and officers have duties to our company and our stockholders under applicable Maryland
law in connection with their management of our company. At the same time, we, as general partner of our Operating Partnership, have fiduciary
duties to our Operating Partnership and to its limited partners under Delaware law in connection with the management of our Operating
Partnership. Our duties to our Operating Partnership and its limited partners as the general partner may come into conflict with the duties
of our directors and officers under Maryland law. These conflicts may be resolved in a manner that is not in the best interest of our
stockholders.

Conflicts of interest exist between our interests and the interests of our Manager and its affiliates.

Examples of these potential
conflicts of interest include:

| · | The possibility that certain of our officers and their respective affiliates will face conflicts of interest; and |

| · | 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