Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 85

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 85
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 the risks inherent to our operations. From time to time, we may enter
into hedging transactions with respect to one or more of our assets or liabilities. Our hedging transactions may include entering into
interest rate swaps, caps and floors, options to purchase these items, and futures and forward contracts. Any income or gain derived by
us from transactions that hedge certain risks, such as the risk of changes in interest rates, will not be treated as gross income for
purposes of either the 75% Gross Income Test or the 95% Gross Income Test if specific requirements are met. Such requirements include
that the hedging transaction be properly identified within prescribed time periods and that the transaction either (1) hedge risks
associated with indebtedness issued by us that is incurred to acquire or carry real estate assets, (2) manage the risks of currency
fluctuations with respect to income or gain that qualifies under the 75% Gross Income Test or 95% Gross Income Test (or assets that generate
such income), or (3) offset a transaction described in (1) or (2) if a portion of the hedge indebtedness is extinguished
or the related property disposed of. To the extent that we do not properly identify such transactions as hedges, hedge with other types
of financial instruments, or hedge other types of indebtedness, the income from those transactions is not likely to be treated as qualifying
income for purposes of the 75% Gross Income Test and the 95% Gross Income Test. As a result of these rules, we may have to limit the use
of hedging techniques that might otherwise be advantageous, which could result in greater risks associated with interest rate or other
changes than we would otherwise incur.

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You may not receive any profits resulting from the sale of one of our properties, or receive such profits in a timely manner, because we may provide financing for the purchaser of such property.

If
we liquidate our company, you may experience a delay before receiving your share of the proceeds of such liquidation. In a forced or voluntary
liquidation, we may sell our properties either subject to or upon the assumption of any then-outstanding mortgage debt or, alternatively,
may provide financing to purchasers. We may take a purchase-money obligation secured by a mortgage as partial payment. We do not have
any limitations or restrictions on our taking such purchase-money obligations. To the extent that we receive promissory notes or other