Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 9

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 9
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 levels. We believe our approach of focusing on Knowledge/Quality markets with employment and income growth should
not only contribute to achieving strong rental demand and occupancy but should also enable us to achieve revenue growth to deliver attractive
risk-adjusted returns within our portfolio.

Geographically, the majority
of our existing portfolio is positioned in the Sunbelt. According to Moody’s Analytics, as of Q1 2024, the Sunbelt is home to approximately
50% of all U.S. households and is expected to experience average population growth of nearly 7% between 2024 and 2034. Additional existing
markets include high-growth areas of the West (excluding California) and other markets with similar attractive demographics as warranted.
We believe that the diverse balance of larger and smaller markets within our core footprint, along with a strong current cash flow base
and value-add upside, will enable us to deliver attractive investment returns across a full economic cycle.

We select and continuously evaluate our target
markets through an analysis of demographic data at both the market and submarket levels, which may include the following:

| · | Strong                                                                                                                               
 Economic Drivers. Economy characterized by growth industries and jobs of the future such as healthcare and technology, signaling     
 near- and long-term employment growth, relatively low housing affordability and low rent-to-income ratios that allow for future rent 
 increases.                                                                                                                           |

| · | Favorable                                                                                                                        
 Business Climate. Regulatory conditions that attract, retain, and foster job growth and new business development including lower 
 tax rates and right-to-work states.                                                                                              |

| · | Robust Infrastructure.                                                                                                                  
 Growing economic base driven by the presence of technology centers, major colleges and universities, healthcare, trade, next-generation 
 high value-add manufacturing, government industries, and modern transportation facilities and networks.                                 |

| · | Renter Demographics.                                                                            
 The presence of a younger, more educated workforce with a high population of renters by choice. |

| · | High Quality                                                                                                                              
 of Life. Areas with abundant recreation, leisure, cultural, and entertainment options, highly rated school systems that appeal            
 to young parents, and plentiful social opportunities including ample recreation and open space, all of which foster population growth     
 and retention. Within our target markets, we focus on submarkets where members of our network have established relationships, transaction 
 history, market knowledge and potential access to off-market investments, as well as an ability to direct property management and         
 leasing operations efficiently.                                                                                                           |

For more information, see “Our Business