Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 69

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 69
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 of our residents to meet their lease obligations and make their
rent payments on time or at all, and may also result in decreased overall demand for residential rental properties and/or occupancy thereof.
The occurrence of such events may also result in a general decline in business activity and demand for real estate transactions could
adversely affect (1) our ability to acquire or dispose of residential rental properties on terms that are attractive or at all, and
(2) the value of our residential properties and our business such that we may recognize impairment on the carrying value of our investments
in residential rental properties and other assets subject to impairment review, including, but not limited to, goodwill. While we have
taken steps to mitigate the potential impact of any future outbreaks of highly infectious diseases on our results of operations, there
can be no assurance that these efforts will be successful.

We may acquire co-ownership interests in property that are subject to certain co-ownership agreements which may have an adverse effect on our results of operations, relative to if the co-ownership agreements did not exist.

We may acquire co-ownership
interests, especially in connection with the Operating Partnership’s potential private placements, such as tenancy-in-common interests
in property, interests in Delaware statutory trusts that own property and/or similar interests, which are subject to certain co-ownership
agreements. The co-ownership agreements may limit our ability to encumber, lease, or dispose of our co-ownership interest. Such agreements
could affect our ability to turn our investments into cash and could affect cash available for distributions to you. The co-ownership
agreements could also impair our ability to take actions that would otherwise be in the best interest of our stockholders and, therefore,
may have an adverse effect on our results of operations, relative to if the co-ownership agreements did not exist.

The terms of the Master Leases entered into by subsidiaries of our Operating Partnership in connection with the DST Program may subject us to risk.

Pursuant to our DST Program, we, through subsidiaries of our Operating Partnership, will hold long-term leasehold interests in properties held by Delaware statutory trusts, the beneficial interests of which are sold to investors, pursuant to a Master Lease (each such property, a “DST Property”). In connection with each Master Lease, our Operating Partnership has entered into a demand note with the subsidiary of our Operating Partnership that acts as the Master Tenant for such DST Property. Under each Master Lease, we will be responsible for subleasing the relevant DST Property to occupying tenants