Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 78

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 78
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 additional resources to enhance our information security
systems and could result in a disruption to our operations.

Conflicts of interest may exist or could arise in the future with our Operating Partnership and its limited partners, which may impede business decisions that could benefit our stockholders.

Conflicts
of interest may exist or could arise as a result of the relationships between us and our affiliates, on the one hand, and our Operating
Partnership or any member thereof, on the other. Our directors and officers have duties to our company and our stockholders under applicable
Maryland law in connection with their management of our company. At the same time, we, as general partner of our Operating Partnership,
have fiduciary duties to our Operating Partnership and to its limited partners under Delaware law in connection with the management of
our Operating Partnership. Our duties to our Operating Partnership and its limited partners as the general partner may come into conflict
with the duties of our directors and officers under Maryland law. These conflicts may be resolved in a manner that is not in the best
interest of our stockholders.

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Table of Contents

Conflicts of interest exist between our interests and the interests of our Manager and its affiliates. Examples of these potential conflicts of interest include:

| ● | The                                                                                                           
 possibility that certain of our officers and their respective affiliates will face conflicts of interest; and |

| ● | The                                                                                                                                           
 possibility that the competing demands for the time of certain of our officers may result in them spending insufficient time on our business, 
 which may result in our missing investment opportunities or having less efficient operations, which could reduce our profitability and        
 result in lower distributions to you.                                                                                                         |

Any of these and other conflicts of interest could have a material adverse effect on the returns on our investments, our ability to make distributions to stockholders and the trading price of our stock. 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. As of March 6, 2025, our executive officers beneficially owned interests representing approximately 24.6% of the total economic interest in our Class A common stock and Class C common stock on a fully diluted basis, where “on a fully diluted basis” assumes that all outstanding OP Units, C-OP Units (as defined in the Partnership Agreement), LTIP Units and C