Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 112

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 112
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 and capital markets. Inflation and its related impacts, including increased prices for services and goods and
higher interest rates and wages, and any policy interventions by the U.S. government, could negatively impact our residents’ ability
to pay rents and our results of operations. Substantially all our leases are for a term of one year or less, which we believe mitigates
our exposure to inflation, by permitting us to set rents commensurate with inflation (subject to rent regulations to the extent they apply
and assuming our current or prospective residents will accept and can pay commensurate increased rents, of which there can be no assurance).
Inflation could outpace any increases in rent and adversely affect us. We may not be able to mitigate the effects of inflation and related
impacts, and the duration and extent of any prolonged periods of inflation, and any such related adverse effects on our results of operations
and financial condition are unknown at this time. Inflation may also cause increased volatility in financial markets, which could affect
our ability to access the capital markets or impact the cost or timing at which we are able to do so. Inflation may also increase the
costs to complete our development projects, including costs of materials, labor and services from third-party contractors and suppliers.
Higher construction costs could adversely impact our investments in real estate assets and our expected yields on development projects.

Additionally,
developments in the banking industry in early 2023 caused uncertainty and concern regarding the strength of the banking system. As a result,
the cost of obtaining debt from credit and capital markets increased as many lenders increased interest rates, enacted tighter lending
standards, and reduced and, in some cases, ceased to provide funding to borrowers. Although our banking relationships are primarily with
large national banks, a significant disruption to the banking system could lead to market-wide liquidity problems which could adversely
affect our access to capital and our cost of capital. If we need to incur debt from a source other than our revolving credit facilities,
we cannot be certain the additional financing will be available to the extent required and on acceptable terms. If debt financing on acceptable
terms is not available, we may be unable to fully execute our growth strategy, otherwise take advantage of business opportunities, or
respond to competitive pressures, any of which could have a material adverse effect on our results of operations and financial condition.

Other
weakened economic conditions, including job losses, high unemployment levels, stock market volatility, and uncertainty about the future,
could adversely affect rental rates and