Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 58

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 58
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 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 upon termination
of the lease, engage in domestic violence or similar disturbances, disturb nearby residents with noise, trash, odors, or eyesores, fail
to comply with HOA regulations, sublet to less desirable individuals in violation of our lease, or permit unauthorized persons to live
with them. Additionally, any future outbreaks of infectious disease, which may include COVID-19 or a future pandemic, as well as measures
taken by governmental authorities and private actors to limit the spread or mitigate the impact thereof, may interfere with the ability
of some of our residents to meet their lease obligations and make their rent payments on time or at all. In such event, jurisdictions
and other local and national authorities may impose restrictions on our ability to enforce residents’ contractual rental obligations
and/or to increase rents. Our business, results of operations, financial condition, and cash flows may be adversely affected by pandemics
and outbreaks of infectious disease, which may include COVID-19.

Damage
to our properties may delay re-leasing after eviction, necessitate expensive repairs, or impair the rental income or value of the property
resulting in a lower than expected rate of return. Increases in unemployment levels and other adverse changes in economic conditions in
our markets could result in substantial resident defaults. In the event of a resident