Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 14

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 14
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, see “Our Business
and Properties—Our Environmental, Social and Governance Policies.”

Summary Risk Factors

An investment in our Series B Redeemable Preferred Stock involves a number of risks. See “Risk Factors,” beginning on page 17 of this prospectus. Some of the more significant risks include those set forth below.

Risks Related to Our Business, Properties and Industry

| · | Our current                                                                                                                            
 portfolio primarily consists of interests in residential properties, located primarily in markets in the Sunbelt and Western United    
 States. Any adverse developments in local economic conditions or the demand for residential properties in these markets may negatively 
 impact our results of operations.                                                                                                      |

<div align='center'>5</div>

| · | We have a limited                                                                                                                      
 operating history as an independent publicly-traded company, and our historical and pro forma financial information is not necessarily 
 representative of the results that we would have achieved as a separate, publicly traded company and may not be a reliable indicator   
 of our future results.                                                                                                                 |

| · | We may not                                                                       
 be successful in identifying and consummating 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