Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 90

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 90
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| ● | we                                                                                                                                       
 may be unable to obtain financing, including construction loans, with favorable terms, or at all, which may cause us to delay or abandon 
 an opportunity;                                                                                                                          |

| ● | we                                                                                                                                     
 may abandon opportunities that we have already begun to explore, or stop projects we have already commenced, for a number of reasons,  
 including changes in local market conditions or increases in construction or financing costs, and, as a result, we may fail to recover 
 costs already incurred in exploring those opportunities;                                                                               |

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| ● | we                                                                                                                                       
 may incur liabilities to third parties during the development or redevelopment process, and we may be faced with claims for construction 
 defects after a property has been developed;                                                                                             |

| ● | we                                                                                                                                        
 may face opposition from local community or political groups with respect to the development, construction, or operations at a particular 
 site;                                                                                                                                     |

| ● | health                                                                        
 and safety incidents or other accidents on site may occur during development; |

| ● | unexpected                                                                                                                              
 events or circumstances may arise during the development or redevelopment process that affect the timing of completion and the cost and 
 profitability of the development or redevelopment;                                                                                      |

| ● | loss                                                                                                                                   
 of a key member of a development team could adversely affect our ability to deliver developments and redevelopments on time and within 
 our budget;                                                                                                                            |

| ● | government                                                                                                                              
 restrictions, standards or regulations intended to reduce greenhouse gas emissions and potential climate change impacts may increase in 
 the future in the form of restrictions or additional requirements on development in certain areas; and                                  |

| ● | environmental,                                                                                                   
 social, governance and other sustainability matters and our responses to these matters could impact development. |

Some of these development risks may be heightened given current uncertain and potentially volatile market conditions. If market volatility causes economic conditions to remain unpredictable or to trend downwards, we may not achieve our expected returns on residential communities under development and we could lose some or all of our investments in those properties. In addition, the lead time required to develop, construct, and lease-up a development property may increase, which could adversely impact our projected returns or result in a termination of the development project. The construction of real estate projects entails unique risks, including risks that the project will fail to conform to building plans, specifications, and timetables. These failures could be caused by labor strikes, weather, government regulations, and other conditions beyond our control. In addition, we may