Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 74

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 74
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 skill, resources, relationships and contacts of the senior
officers and key personnel of our Manager and its affiliates. In particular, our success depends to a significant degree upon the contributions
of Messrs. Kamfar, Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala, all of whom are senior officers of our Manager. We will not
have employment agreements with any of these key personnel and do not have key man life insurance on any of them. If any of Messrs. Kamfar,
Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala were to cease their affiliation with us or our Manager, our Manager may be unable to
find suitable replacements, and our operating results could suffer. We believe that our future success will depend, in large part, upon
our Manager’s ability to hire and retain highly skilled managerial, operational and marketing personnel. Competition for highly
skilled personnel is intense, and our Manager may be unsuccessful in attracting and retaining such skilled personnel. If we lose or are
unable to obtain the services of highly skilled personnel, our ability to implement our investment strategies could be delayed or hindered,
and the value of your investment may decline.

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Our Manager’s limited operating history makes it difficult for you to evaluate this investment.

Our Manager has limited operating
history and may not be able to successfully operate our business or achieve our investment objectives. We may not be able to conduct our
business as described in our plan of operation.

Non-renewal of the Management Agreement, even for poor performance, could be difficult and costly, including as a result of termination fees, and may cause us to be unable to execute our business plan.

Non-renewal of the Management
Agreement without cause, even for poor performance, could be difficult and costly. We may decline to renew the Management Agreement without
cause upon the affirmative vote of at least two-thirds of our independent directors that (1) there has been unsatisfactory performance
by our Manager that is materially detrimental to us or (2) the Base Management Fee and Incentive Fee (each as defined in the Management
Agreement) payable to our Manager are not, taken as a whole, in accordance with then-current market rates charged by asset management
companies rendering services similar to those rendered by our Manager, subject to our Manager’s right to prevent such non-renewal
by accepting a reduction of the fees agreed to by at least two