Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 129

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 129
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 condition, results of operations, capital requirements, annual distribution requirements
under the REIT provisions of the Code, and such other factors as our Board deems relevant. Our Board may change our dividend policy at
any time, and there can be no assurance as to the manner in which future dividends will be paid or that the current dividend level will
be maintained in future periods. We cannot assure you that we will consistently be able to generate sufficient available cash flow to
fund distributions on our common stock, nor can we assure you that sufficient cash will be available to make distributions to you. We
cannot predict the amount of distributions you may receive and we may be unable to pay, maintain or increase distributions over time.
Our inability to acquire additional properties or make real estate-related investments or operate profitably may have a negative effect
on our ability to generate sufficient cash flow from operations to pay distributions on our common stock. Any reduction in our dividends
may cause investors to seek alternative investments, which would result in selling pressure on, and a decrease in the market price of,
our common stock. As a result, the price of our common stock may decrease, which may have a material adverse effect on our business, financial
condition and results of operations. In addition, to the extent we make distributions to stockholders with sources other than cash flow
from operations, the amount of cash that is available for investment in real estate assets will be reduced, which will in turn negatively
impact our ability to achieve our investment objectives and limit our ability to make future distributions.

We will incur increased costs as a result of operating as a public company. If we fail to maintain proper and effective internal controls, our ability to produce accurate and timely financial statements could be impaired, which could result in sanctions or other penalties that would harm our business.

We
are subject to the reporting requirements of the Securities Exchange Act of 1934 (the “Exchange Act”), the Sarbanes-Oxley
Act of 2002 (the “Sarbanes-Oxley Act”), and the rules and regulations of the New York Stock Exchange American (the “NYSE
American”). Our financial results historically were included within the consolidated results of Bluerock Residential, and until
the Distribution occurred, we were not directly subject to reporting and other requirements of the Exchange Act and Section 404 of
the Sarbanes-Oxley Act. We currently qualify as an “emerging growth company.” For so long as we remain an emerging growth
company, we will be exempt