Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 180

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 180
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 salient characteristics,     
 including a high quality of life, an intellectual capital base, and a commitment to investments in infrastructure. We utilize real-time 
 market data, leading third-party research, and the deep transactional knowledge and collective experiences of our network.              |

| · | Local Market Knowledge.                                                                                                                   
 Our breadth and depth of professional relationships, particularly within our network, provides us with access to substantial and          
 often proprietary coveted off-market opportunities within our target markets. Further, we are able to leverage the local market knowledge 
 of our network to fully evaluate not only a particular submarket’s supply and demand fundamentals, but a property’s competitive           
 position from a neighborhood perspective.                                                                                                 |

| · | Underwriting Discipline.                                                                                                            
 We follow a disciplined double underwriting process to examine and evaluate a potential investment in terms of its income-producing 
 capacity and prospects for capital appreciation. Our approach begins with an extensive review of the following: (1) property        
 fundamentals, such as location, expense structure, occupancy, construction quality and deferred maintenance; (2) capital markets    
 fundamentals, including cap rates, debt markets and future capital flows; and (3) market fundamentals, such as rental rates,        
 concession and occupancy levels at comparable properties, along with projected product delivery and absorption rates. We will then  
 utilize our double underwriting approach to verify and refine all assumptions provided by leveraging the local market knowledge and 
 expertise of members of our network. Only those real estate assets meeting our investment criteria will be accepted for inclusion   
 in our portfolio.                                                                                                                   |

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| · | Risk Management.                                                                                                                     
 Risk management is a fundamental principle in the construction of our portfolio and in the management of each investment. Prior to   
 the purchase of any individual asset or portfolio, our investment team will develop a ‘360-degree’ asset-level business              
 strategy. The business strategy consists of a detailed forecast of the action items to be taken and the capital needed to achieve    
 the anticipated returns. We regularly review asset-level business strategies to anticipate changes or opportunities in the market    
 during a given phase of a real estate cycle. In addition, we conduct extensive property level diligence leveraging our joint venture 
 partners and third-party experts, including reviewing title and performing physical inspections.                                     |

When evaluating potential
acquisitions and dispositions, we generally consider a variety of factors, including both market-level factors and property-level factors.
Market-level factors include: income levels and employment growth trends in the relevant market; employment, household growth and net