Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 53

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 53
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 any time have economic or business interests or goals which are or which become inconsistent with our      
 business interests or goals, including inconsistent goals relating to the timing of the sale of properties held in the joint ventures 
 and/or the timing of termination or liquidation of the joint ventures;                                                                |

| · | the possibility                                                                                                                           
 that our co-venturer, co-owner or partner in an investment might become insolvent or bankrupt and thus be unable to fulfill its financial 
 obligations to us in that investment;                                                                                                     |

| · | the possibility                                                                                                   
 that we may incur liabilities as a result of an action or omission taken by our co-venturer, co-owner or partner; |

| · | that such co-venturer,                                                                                                                      
 co-owner or partner may be in a position to take action contrary to our instructions or requests or contrary to our policies or objectives, 
 including our policy with respect to maintaining our qualification as a REIT;                                                               |

| · | disputes between                                                                                                                    
 us and our joint venturers may result in litigation or arbitration that would increase our expenses and prevent our officers and    
 directors from focusing their time and effort on our business and result in subjecting the properties owned by the applicable joint 
 venture to additional risk; or                                                                                                      |

| · | under certain                                                                                                                        
 joint venture arrangements, neither venture partner may have the power to control the venture, and an impasse could be reached which 
 might have a negative influence on the joint venture.                                                                                |

These events might subject
us to costs or liabilities in excess of those contemplated and thus reduce your investment returns. If we have a right of first refusal
or buy/sell right to buy out a co-venturer, co-owner or partner, we may be unable to finance such a buy-out if it becomes exercisable
or we may be required to purchase such interest at a time when it might not otherwise be in our best interest to do so. If our ownership
interest is subject to a buy/sell right, we may not have sufficient cash, available borrowing capacity or other capital resources to
allow us to elect to purchase an interest of a co-venturer subject to the buy/sell right, in which case we may be forced to sell our
interest as the result of the exercise of such right when we would otherwise prefer to keep our interest. Finally, we may not be able
to sell our interest in a joint venture if or when we desire to exit the venture.

Your investment return may be reduced if we