Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 56

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 56
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 as an investment
company, but failed to do so, we would be prohibited from engaging in our business, criminal and civil actions could be brought against
us, some of our contracts might be unenforceable, unless a court were to direct enforcement, and a court could appoint a receiver to take
control of us and liquidate our business.

Our internal control over financial reporting may not be effective, which could adversely affect our reputation, results of operations and stock price.

The accuracy of our financial
reporting depends on the effectiveness of our internal control over financial reporting. Internal control over financial reporting can
provide only reasonable assurance with respect to the preparation and fair presentation of financial statements and may not prevent or
detect misstatements because of its inherent limitations. These limitations include the possibility of human error, inadequacy or circumvention
of internal controls and fraud. If we do not attain and maintain effective internal control over financial reporting or implement controls
sufficient to provide reasonable assurance with respect to the preparation and fair presentation of our financial statements, we could
be unable to file accurate financial reports on a timely basis, and our reputation, results of operations and stock price could be materially
adversely affected.

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We have limited sources of capital other than proceeds from future mortgage debt financings for acquisition and/or development projects, cash generated from operating activities, our $200 million revolving credit facilities, the net proceeds of offerings of our securities,and the proceeds from our DST Program.

We have limited sources of capital other than proceeds from future mortgage debt financings for acquisition and/or development projects, cash generated from operating activities, our $200 million revolving credit facilities, the net proceeds of offerings of our securities,and the proceeds from our program to sponsor and raise capital through private placement offerings of Delaware statutory trusts
(each, a “DST”) holding residential properties (collectively, the “DST Program”) to meet our primary liquidity
requirements. As a result, we may not be able to pay our liabilities and obligations when they come due other than with the net proceeds
of an offering. Depending on business conditions at the time we might not be able to effectuate an offering, which in either case may
limit our ability to implement our business plan.

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.

Our board of