Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 112

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 112
---
 you may receive and we may be unable to pay, maintain or increase
distributions over time. Our inability to acquire additional properties or make real estate-related investments or operate profitably
may have a negative effect on our ability to generate sufficient cash flow from operations to pay distributions on our Series A Redeemable
Preferred Stock. Any reduction in our dividends may cause investors to seek alternative investments, which would result in selling
pressure on, and a decrease in the market price of, our common stock. As a result, the price of our common stock may decrease, which may
have a material adverse effect on our business, financial condition and results of operations. In addition, to the extent we make distributions
to stockholders with sources other than cash flow from operations, the amount of cash that is available for investment in real estate
assets will be reduced, which will in turn negatively impact our ability to achieve our investment objectives and limit our ability to
make future distributions.

We will incur increased costs as a result of operating as a public company. If we fail to maintain proper and effective internal controls, our ability to produce accurate and timely financial statements could be impaired, which could result in sanctions or other penalties that would harm our business.

We are subject to the reporting
requirements of the Securities Exchange Act of 1934 (the “Exchange Act”), the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”), and the rules and regulations of the New York Stock Exchange American (the “NYSE American”). Our financial
results historically were included within the consolidated results of Bluerock Residential, and until the Distribution occurred, we were
not directly subject to reporting and other requirements of the Exchange Act and Section 404 of the Sarbanes-Oxley Act. We currently
qualify as an “emerging growth company.” For so long as we remain an emerging growth company, we will be exempt from Section 404(b) of
the Sarbanes-Oxley Act, which requires auditor attestation to the effectiveness of internal control over financial reporting. We will
cease to be an emerging growth company on the date that is the earliest of (i) the last day of the fiscal year in which we have total
gross annual revenues of $1.235 billion or more; (ii) the last day of our fiscal year following the fifth anniversary of the
date of the Distribution; (iii) the date on which we have issued more than $1 billion in