Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 296

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 296
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 reflect our income earned in any particular distribution period and may be made in advance
of actual receipt of funds in an attempt to make distributions relatively uniform. We are authorized to borrow money, issue new securities
or sell assets in order to make distributions. There are no restrictions on the ability of our Operating Partnership to transfer funds
to us. The use of sources other than cash flows from operating activities to fund distributions and the ultimate repayment of any liabilities
incurred, as well as the payment of distributions in excess of our funds from operations, or “FFO,” could adversely impact
our ability to pay distributions in future periods, decrease the amount of cash we have available for operations and new investments
and potentially reduce your overall return and adversely impact and dilute the value of your investment in shares of our Series B
Redeemable Preferred Stock, which would be reflected when we establish an estimated per share value of each class of our Series B
Redeemable Preferred Stock. For a discussion of various risks relating to the payment and source of distributions, see “Risk Factors—Risks
Related to This Offering— Dividend payments on the Series B Redeemable Preferred Stock are not guaranteed” and “—We
may have difficulty completely funding our distributions with funds provided by cash flows from operating activities; therefore, we may
use cash flows from financing activities, which may include borrowings and net proceeds from shares sold in this offering or our common
stock offering, proceeds from the issuance of additional shares under any future common stock distribution reinvestment plan, cash resulting
from a waiver or deferral of fees by the Manager, or other sources to fund distributions to our stockholders. The use of these sources
to pay distributions and the ultimate repayment of any liabilities incurred could adversely impact our ability to pay distributions in
future periods, decrease the amount of cash we have available for operations and new investments and/or potentially impact the value
or result in dilution of your investment by creating future liabilities, reducing the return on your investment or otherwise.”

Amounts available for distributions
will be affected by our expenses, including any fees paid and distributions made to the Manager and any of its affiliates. The amounts
available for distributions will also be affected by any distributions made to the holders of OP Units.

There can be no assurances
that the current distribution rate or amount per share will be maintained. In the near-term, we expect that we may need to continue to
rely on sources other than cash flows from operations, as determined on a GA