Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 72

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 72
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, which may include COVID-19 and its
variants, MERS, SARS, H1N1 influenza virus, avian flu or any other similar illness, and measures taken by governmental authorities and
private actors to limit the spread or mitigate the impact thereof, may adversely impact our business, results of operations, financial
condition, and cash flows. We depend on rental revenues and other property income from residents for substantially all of our revenues.
Future outbreaks of highly infectious or contagious diseases may interfere with the ability of our residents to meet their lease obligations
and make their rent payments on time or at all, and may also result in decreased overall demand for residential rental properties and/or
occupancy thereof. The occurrence of such events may also result in a general decline in business activity and demand for real estate
transactions could adversely affect (1) our ability to acquire or dispose of residential rental properties on terms that are attractive
or at all, and (2) the value of our residential properties and our business such that we may recognize impairment on the carrying
value of our investments in residential rental properties and other assets subject to impairment review, including, but not limited to,
goodwill. While we have taken steps to mitigate the potential impact of any future outbreaks of highly infectious diseases on our results
of operations, there can be no assurance that these efforts will be successful.

We may acquire co-ownership interests in property that are subject to certain co-ownership agreements which may have an adverse effect on our results of operations, relative to if the co-ownership agreements did not exist.

We may acquire co-ownership
interests, especially in connection with the Operating Partnership’s potential private placements, such as tenancy-in-common interests
in property, interests in Delaware statutory trusts that own property and/or similar interests, which are subject to certain co-ownership
agreements. The co-ownership agreements may limit our ability to encumber, lease, or dispose of our co-ownership interest. Such agreements
could affect our ability to turn our investments into cash and could affect cash available for distributions to you. The co-ownership
agreements could also impair our ability to take actions that would otherwise be in the best interest of our stockholders and, therefore,
may have an adverse effect on our results of operations, relative to if the co-ownership agreements did not exist.

The terms of the Master Leases entered into by subsidiaries of our Operating Partnership in connection with the DST Program may subject us to risk.

Pursuant to our DST Program,