Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 60

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 60
---
 preparation and fair presentation of our financial statements, we could
be unable to file accurate financial reports on a timely basis, and our reputation, results of operations and stock price could be materially
adversely affected.

We have limited sources of capital other than proceeds from future mortgage debt financings for acquisition and/or development projects, cash generated from operating activities, our $50 million revolving credit facility, the net proceeds of offerings of our securities, and the proceeds from our DST Program.

We have limited sources of
capital other than proceeds from future mortgage debt financings for acquisition and/or development projects, cash generated from operating
activities, our $50 million revolving credit facility, the net proceeds of offerings of our securities, and the proceeds from our program
to sponsor and raise capital through private placement offerings of Delaware statutory trusts (each, a “DST”) holding residential
properties (collectively, the “DST Program”) to meet our primary liquidity requirements. As a result, we may not be able
to pay our liabilities and obligations when they come due other than with the net proceeds of an offering. Depending on business conditions
at the time we might not be able to effectuate an offering, which in either case may limit our ability to implement our business plan.

You will have limited control over changes in our policies and day-to-day operations, which limited control increases the uncertainty and risks you face as a stockholder. In addition, our board of directors may change our major operational policies without your approval.

Our board of directors manages
our business and affairs, including setting and determining our policies regarding financing, growth, debt capitalization, REIT qualification
and distributions. Our board of directors may amend or revise these and other policies without a vote of the stockholders. Under the
Maryland General Corporation Law (the “MGCL”) and our charter, our stockholders have a right to vote only on limited matters.
See “Description of Capital Stock.”

Our Manager will be responsible
for the day-to-day operations of our company and the selection and management of investments and has broad discretion over the use of
proceeds from offerings of our securities. Accordingly, you should not purchase our securities unless you are willing to entrust all
aspects of the day-to-day management and the selection and management of investments to our Manager, who will manage our company in accordance
with the Management Agreement. In addition, our Manager may retain independent contractors to provide various services for our company,
and you should note that such contractors will have no fiduci