Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 17

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 17
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 suitable investment opportunities. |

| · | Adverse economic                                                                                                                   
 conditions may negatively affect our results of operations and, as a result, our ability to make distributions to our stockholders 
 or to realize appreciation in the value of our properties.                                                                         |

| · | You will have                                                                                                                     
 limited control over changes in our policies and day-to-day operations, which limited control increases the uncertainty and risks 
 you face as a stockholder. In addition, our board of directors may change our major operational policies without your approval.   |

| · | The ownership                                                                                                                         
 by our executive officers of interests representing a significant portion of our common stock on a fully diluted basis could allow    
 our executive officers to exert significant influence over our company in a manner that may not be in the best interests of our other 
 stockholders.                                                                                                                         |

| · | If mortgage                                                                                                                         
 debt is unavailable at reasonable rates, it may make it difficult for us to finance or refinance properties, which could reduce the 
 number of properties we can acquire, our cash flows from operations and the amount of cash distributions we can make.               |

| · | Our business,                                                                                                                          
 results of operations, financial condition, and cash flows may be adversely affected by pandemics and outbreaks of infectious disease, 
 which may include COVID-19.                                                                                                            |

Risks Related to Our Management and Relationships with Our Manager

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

| · | 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.                                                       |

| · | Because we                                                                                                                          
 will be dependent upon our Manager and its affiliates to conduct our operations, any adverse changes in the financial health of our 
 Manager or its affiliates or our relationship with them could hinder our operating performance and the return on your investment.   |

| · | Our board of                                                                                                                        
 directors will approve very broad investment guidelines for our Manager and will not approve each investment and financing decision 
 made by our Manager unless required by our investment guidelines.                                                                   |

| · | We may have                                                                                                                      
 conflicts of interest with our Manager and other affiliates, which could result in investment decisions that are not in the best 
 interests of our stockholders.                                                                                                   |

Risks Related to the Separation and Distribution

| · | Potential indemnification                                                                                                         
 obligations owed to Bl