Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 31

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 31
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 all of your investment. The risks and uncertainties described below are not the only ones we face, but do represent those risks and uncertainties that we believe are material to us. Additional risks and uncertainties not presently known to us or that, as of the date of this prospectus, we deem immaterial may also materially and adversely affect our financial condition, results of operations, business and prospects. Some statements in this prospectus, including statements in the following risk factors, constitute forward-looking statements. Please refer to the section entitled “Cautionary Statement Concerning Forward-Looking Statements.”

RISKS RELATED TO OUR BUSINESS, PROPERTIES AND INDUSTRY

We face numerous risks associated with the real estate industry that could adversely affect our results of operations through decreased revenues or increased costs.

As a real estate company,
we are subject to various changes in real estate conditions, and any negative trends in such real estate conditions may adversely affect
our results of operations through decreased revenues or increased costs. These conditions include:

| · | changes in                                                                                                                                  
 national, regional and local economic conditions, which may be negatively impacted by concerns about inflation, deflation, tariffs          
 and global trade tensions, government deficits, high unemployment rates, decreased consumer confidence and liquidity concerns, particularly 
 in markets in which we have a high concentration of properties;                                                                             |

| · | fluctuations                                                                                                                         
 and relative increases in interest rates, which could adversely affect our ability to obtain financing on favorable terms or at all; |

| · | the inability           
 of tenants to pay rent; |

| · | the existence                                                                                                                 
 and quality of the competition, such as the attractiveness of our properties as compared to our competitors’ properties based 
 on considerations such as convenience of location, rental rates and safety record;                                            |

| · | increased operating                                                                                   
 costs, including increased real property taxes, HOA fees, maintenance, insurance and utilities costs; |

| · | weather conditions                                                             
 that may increase or decrease energy costs and other weather-related expenses; |

| · | oversupply                                                                                                          
 of residential housing or a reduction in demand for real estate in the markets in which our properties are located; |

| · | costs and time                                                
 period required to convert acquisitions to rental properties; |

| · | a favorable                                                                                                                           
 interest rate environment that may result in a significant number of potential residents of our properties deciding to purchase homes 
 instead of renting;                                                                                                                   |

| · | rules, regulations                                                                                                                        
 and/or policy initiatives by government and private actors, including HOAs, to