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

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 10
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and Properties—Our Target Markets.”

Our Network Strategy

We believe the most important
elements in successful investing in residential real estate are the ability to access attractive, proprietary deal flow, deep local market
knowledge to underwrite appropriately, as well as operational expertise and infrastructure to provide execution of the operating and
value creation strategies.

For this reason, we invest
primarily through controlling positions in joint ventures with members of our network, representing experienced regional owner-operators
across the nation. These relationships provide a wealth of seasoned market knowledge, along with access to a substantial, often proprietary,
transaction pipeline, extensive operating infrastructure, and the ability to execute in our target markets without the cost and logistical
burdens of maintaining our own local infrastructure across a broad footprint. Benefits of our network strategy include the following:

| · | Force multiplier                                                                                           
 sourcing effect that provides access to a sizable pool of attractive, off-market investment opportunities; |

| · | Deep intellectual                                                                                              
 capital and track record of success, enabling us to deliver a knowledge-based underwriting of the transaction; |

| · | Extensive operational                                                                                                              
 infrastructure enabling us to deliver execution across multiple investment strategies and markets, without the cost and logistical 
 burdens of maintaining our own infrastructure for those markets and strategies;                                                    |

| · | Substantial                                                                                                                 
 capital to invest alongside us, ensuring our partners’ interests are aligned with ours, particularly in terms of delivering 
 returns for our investors; and                                                                                              |

| · | Opportunity                                                                                                                           
 to achieve ambitious growth and diversification goals via rapid deployment of capital and elimination of delays establishing a robust 
 on-the-ground presence in each new market we enter.                                                                                   |

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The in-house asset management
team of our Manager and its affiliates works in tandem with our network members to oversee the implementation of each asset’s business
plan, including budgeting, capital expenditures, tenant improvements and financial performance. We believe that our network partners,
given their significant co-investment in the projects, provide superior management execution versus third-party fee-only management companies.
Notwithstanding the investments of each member of our network, we expect to maintain substantial control over these ventures, including
with respect to strategic decision-making.

For more information, see “Our Business
and Properties—Our Network Strategy.”

Our Competitive Strengths

We believe that our investment
strategy and operating model distinguishes us from other owners, operators, and acquirors of residential rental real estate in several
important ways.

Our Key Principals.
Our