Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 42

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 42
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 may not want to purchase certain individual assets in
the bulk portfolio.

Moreover, to the extent the
management and leasing of such properties has not been consistent with our property management and leasing standards, we may be subject
to a variety of risks, including risks relating to the condition of the properties, the credit quality and employment stability of the
residents, and compliance with applicable laws, among others. In addition, financial and other information provided to us regarding such
portfolios during our due diligence may be inaccurate, and we may not discover such inaccuracies until it is too late to seek remedies
against such sellers. To the extent we pursue such remedies, we may not be able to successfully prevail against the seller in an action
seeking damages for such inaccuracies. If we conclude that certain individual properties purchased in bulk portfolio sales do not fit
our target investment criteria, we may decide to sell, rather than renovate and lease, such properties, which could take an extended
period of time and may not result in a sale at an attractive price.

<div align='center'>21</div>

From time to time we engage
in bulk portfolio dispositions of properties consistent with our business and investment strategy. With respect to any such disposition,
the purchaser may default on payment or otherwise breach the terms of the relevant purchase agreement, and it may be difficult for us
to pursue remedies against such purchaser or retain or resume possession of the relevant properties. To the extent we pursue such remedies,
we may not be able to successfully prevail against the purchaser.

We depend on our residents and their willingness to meet their lease obligations and renew their leases for substantially all of our revenues. Poor resident selection, defaults, and nonrenewals by our residents may adversely affect our reputation, financial performance, and ability to make distributions to our stockholders.

We depend on rental income
from residents for substantially all of our revenues. As a result, our success depends in large part upon our ability to attract and
retain qualified residents for our properties. Our reputation, financial performance, and ability to make distributions to our stockholders
would be adversely affected if a significant number of our residents fail to meet their lease obligations or fail to renew their leases.
For example, residents may default on rent payments, make unreasonable and repeated demands for service or improvements, make unsupported
or unjustified complaints to regulatory or political authorities, use our properties for illegal purposes, damage or make unauthorized
structural changes to our properties that are not covered by security deposits, refuse to leave the property