Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 68

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 68
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 influence over our company in a manner that may not be in the best interests of our other stockholders.

As of September 30,
2025, our executive officers beneficially owned interests representing approximately 25.05% of the total economic interest in our Class A
common stock and Class C common stock on a fully diluted basis, where “on a fully diluted basis” assumes that all outstanding
OP Units, C-OP Units (as defined in the Partnership Agreement), LTIP Units, and C-LTIP Units (as defined in the Partnership Agreement),
whether vested or unvested, in each case are ultimately settled for shares of our common stock. In addition, as of September 30,
2025, the aggregate voting power of our executive officers represented approximately 9.1% of the total voting power of our outstanding
Class A common stock and Class C common stock. As a result of our executive officers’ significant ownership in our company,
our executive officers will have significant influence over our affairs and could exercise such influence in a manner that is not in
the best interests of our other stockholders, including with respect to matters submitted to our stockholders for approval such as the
election of directors and any merger, consolidation or sale of all or substantially all of our assets. Our executive officers may have
interests that differ from our other stockholders, and may accordingly vote in ways that may not be consistent with the interests of
those other stockholders.

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Our executive officers will have competing demands on their time and attention.

Our executive officers have
competing demands on their respective time and attention, principally with respect to the provision of services to affiliates of our Manager.
Our executive officers are permitted to devote time to certain outside activities, so long as those duties and activities do not unreasonably
interfere with the performance of their respective duties.

We may use mortgage and other debt financing to acquire properties or interests in properties.

We may use mortgage and other
debt financing to acquire properties or interests in properties and otherwise incur other indebtedness, which increases our expenses and
could subject us to the risk of losing properties in foreclosure if our cash flow is insufficient to make loan payments.

We are permitted to acquire
real properties and other real estate-related investments, including entity acquisitions, by assuming either existing financing secured
by the asset or by borrowing new funds. In addition, we may incur or increase our mortgage debt by obtaining loans secured by some or
all of our assets to