Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 50

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 50
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Table of Contents

We have a limited operating history as a REIT and an independent publicly traded company and may not be able to operate our business successfully or generate sufficient cash flows to make or sustain distributions to our stockholders. We have a limited operating history as a REIT and an independent publicly traded company. As a result, an investment in our common stock may entail more risk than an investment in the common stock of a real estate company with a substantial operating history. If we are unable to operate our business successfully, we would not be able to generate sufficient cash flow to make or sustain distributions to our stockholders, and you could lose all or a portion of the value of your ownership in our common stock. Our ability to successfully operate our business and implement our operating policies and investment strategy depends on many factors, including:

| ● | our                                                                                                             
 ability to effectively manage renovation, maintenance, marketing, and other operating costs for our properties; |

| ● | economic                                                                                                                                  
 conditions in our markets, including changes in employment and household earnings and expenses, as well as the condition of the financial 
 and real estate markets and the economy, in general;                                                                                      |

| ● | our                                                              
 ability to maintain high occupancy rates and target rent levels; |

| ● | the                                                                                                                         
 availability of, and our ability to identify, attractive acquisition opportunities consistent with our investment strategy; |

| ● | our                                                                               
 ability to compete with other investors entering the residential rental industry; |

| ● | costs                                                                                                                                  
 that are beyond our control, including title litigation, litigation with residents or tenant organizations, legal compliance, property 
 taxes, HOA fees, and insurance;                                                                                                        |

| ● | judicial                                                                                                                              
 and regulatory developments affecting landlord-tenant relations that may affect or delay our ability to dispossess or evict occupants 
 or increase rental rates;                                                                                                             |

| ● | reversal                                                               
 of population, employment, or homeownership trends in our markets; and |

| ● | interest                                                                                                                 
 rate levels and volatility, which may affect the accessibility of short-term and long-term financing on desirable terms. |

In addition, we face significant competition in acquiring attractive properties on advantageous terms, and the value of the properties that we acquire may decline substantially after we purchase them. A significant portion of our costs and expenses are fixed and we may not be able to adapt our cost structure to offset declines in our revenue. Many of the expenses associated with our business, such as property taxes, HOA fees, insurance, utilities