Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 109

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 109
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 Using certain of these sources may result in a liability to us, which would require a future
repayment.

The
use of the sources described above for distributions and the ultimate repayment of any liabilities incurred, as well as the payment of
distributions in excess of our FFO, could adversely impact our ability to pay distributions in future periods, decrease the amount of
cash we have available for operations and new investments and reduce your overall return and adversely impact and dilute the value of
your investment in shares of our Series A Preferred Stock. To the extent distributions in excess of current and accumulated earnings
and profits (i) do not exceed a stockholder’s adjusted basis in our stock, such distributions will not be taxable to a stockholder,
but rather a stockholder’s adjusted basis in our stock will be reduced; and (ii) exceed a stockholder’s adjusted tax
basis in our stock, such distributions will be included in income as long-term capital gain if the stockholder has held its shares for
more than one year and otherwise as short-term capital gain.

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Table of Contents

There may not be a broad market for our Class A common stock, which may cause our Class A common stock to trade at a discount and make it difficult for you to sell the Class A common stock for which your Series A Preferred Stock may be redeemable at our option. Our Class A common stock for which the shares of our Series A Preferred Stock may be redeemable at our option trades on the NYSE American under the symbol “BHM.” Listing on the NYSE American or another national securities exchange does not ensure an actual or active market for our Class A common stock. The market price of our Class A common stock may fluctuate widely as a result of a number of factors, many of which are outside of our control. In addition, the stock market is subject to fluctuations in share prices and trading volumes that affect the market prices of the shares of many companies. These fluctuations in the stock market may materially and adversely affect the market price of our Class A common stock. Among the factors that could affect the market price of our common stock are:

| ● | actual                                                                                            
 or anticipated quarterly fluctuations in our business, financial condition and operating results; |

| ● | changes                                                                                                                                   
 in revenues or earnings estimates or publication of research reports and recommendations by financial analysts or actions taken by rating 
 agencies with respect to our securities or those of other REITs;                                                                          |

| ● | the                                                                                                        
 ability