Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 75

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 75
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 over financial reporting. Internal control over
financial reporting can provide only reasonable assurance with respect to the preparation and fair presentation of financial statements
and may not prevent or detect misstatements because of its inherent limitations. These limitations include the possibility of human error,
inadequacy or circumvention of internal controls and fraud. If we do not attain and maintain effective internal control over financial
reporting or implement controls sufficient to provide reasonable assurance with respect to the 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 $200 million revolving credit facilities, 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 $200 million revolving credit facilities, the net proceeds of offerings of our securities,
and the proceeds from our 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 may change our major operational policies without your approval.

Our
Board determines our major policies, including our policies regarding financing, growth, debt capitalization, REIT qualification and distributions.
Our Board 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.

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