Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 43

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 43
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 litigation against us, may lobby state
and local legislatures to pass new laws and regulations to constrain or limit our business operations, adversely impact our business,
or may generate negative publicity for our business and harm our reputation. If they are successful in any such endeavors, they could
directly limit and constrain our operations and may impose on us significant litigation expenses, including settlements to avoid continued
litigation or judgments for damages or injunctions.

We may not be successful in identifying and consummating suitable investment opportunities.

Our investment strategy requires
us to identify suitable investment opportunities compatible with our investment criteria. We may not be successful in identifying suitable
opportunities that meet our criteria or in consummating investments, including those identified as part of our investment pipeline, on
satisfactory terms or at all. Our ability to make investments on favorable terms may be constrained by several factors including, but
not limited to, competition from other investors with significant capital, including other publicly traded REITs and institutional investment
funds, which may significantly increase investment costs; and/or the inability to finance an investment on favorable terms or at all.
The failure to identify or consummate investments on satisfactory terms, or at all, may impede our growth and negatively affect our cash
available for distribution to our stockholders.

Adverse economic conditions may negatively affect our results of operations and, as a result, our ability to make distributions to our stockholders or to realize appreciation in the value of our properties.

Our operating results may
be adversely affected by market and economic challenges, which may negatively affect our returns and profitability and, as a result, our
ability to make distributions to our stockholders or to realize appreciation in the value of our properties. These market and economic
challenges include, but are not limited to, the following:

| · | any future downturn in the U.S. economy and high unemployment could result in tenant defaults under leases, vacancies in our properties and concessions or reduced rental rates under new leases due to reduced demand. In addition, such downturns could result in reduced demand for residential rental properties, which may reduce home prices and make home purchases more affordable as an alternative to renting, which also may materially adversely reduce the demand for residential rental properties; |

| · | the rate of household formation or population growth in our target markets or a continued or exacerbated economic slow-down experienced by the local economies where our properties are located or by the real estate industry generally may result in changes in supply of or demand for our residential rental properties; and