Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 91

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 91
---
 the amount of time our Manager will dedicate to the management
of our business. Moreover, each of our officers will also be an employee of our Manager or one of its affiliates, and will have significant
responsibilities for other investment vehicles currently managed by Bluerock affiliates, and may not always be able to devote sufficient
time to the management of our business. Consequently, we may not receive the level of support and assistance that we otherwise might receive
if we were internally managed.

In
addition, we offer no assurance that our Manager will remain our manager or that we will continue to have access to our Manager’s
principals and professionals. The current term of our Management Agreement with our Manager expires October 6, 2025, with automatic one-year
renewals thereafter, and may be terminated earlier under certain circumstances. If the Management Agreement is terminated or not renewed
and no suitable replacement is found to manage us, we may not be able to execute our business plan, which could have a material adverse
effect on our results of operations and our ability to make distributions to our stockholders.

Our Manager may not be successful in identifying and consummating suitable investment opportunities.

Our
investment strategy will require us, through our Manager, to identify suitable investment opportunities compatible with our investment
criteria. Our Manager may not be successful in identifying suitable opportunities that meet our criteria or in consummating investments,
including those identified as part of our investment pipeline, on satisfactory terms or at all. Our ability to make investments on favorable
terms may be constrained by several factors including, but not limited to, competition from other investors with significant capital,
including other publicly-traded REITs and institutional investment funds, which may significantly increase investment costs; and/or the
inability to finance an investment on favorable terms or at all. The failure to identify or consummate investments on satisfactory terms,
or at all, may impede our growth and negatively affect our cash available for distribution to our stockholders.

The inability of our Manager to retain or obtain key personnel could delay or hinder implementation of our investment strategies, which could impair our ability to make distributions and could reduce the value of your investment.

Our
Manager will be obligated to supply us with substantially all of our senior management team, including our chief executive officer, president,
chief accounting officer and chief operating officer. Subject to investment, leverage and other guidelines or policies adopted by our
Board, our Manager will have significant discretion regarding the implementation of our investment and operating policies and strategies.
Accordingly