Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 65

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 65
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 our investments depends upon the occupancy levels,
rental income and operating expenses of our properties and our company. Tenants’ inability to timely or fully pay their rents may
be impacted by their employment prospects and/or other constraints on their personal finances, including debts, purchases and other factors.
These and other changes beyond our control may adversely affect our tenants’ ability to make their required lease payments. In the
event of a tenant default or bankruptcy, we may experience delays in enforcing our rights as landlord and may incur costs in protecting
our investment and re-leasing our property. We may be unable to re-lease the property for the rent previously received. We may be unable
to sell an unoccupied property without incurring a loss. These events and others could cause us to reduce any amount of distributions
we plan to make to stockholders and may also cause the value of your investment to decline.

Our operating results and distributable cash flow depend on our ability to generate revenue from leasing our properties to tenants on terms favorable to us.

Our
operating results depend, in large part, on revenues derived from leasing our residential properties. We are subject to the credit risk
of our tenants, and to the extent our tenants default on their leases or fail to make their required rental payments we may suffer a decrease
in our revenue. In addition, if a tenant does not fully pay its rent, we may not be able to enforce our rights as landlord without delays
and we may incur substantial legal costs. We are also subject to the risk that, upon the expiration of leases, leases may not be renewed,
the properties may not be re-leased or the terms of renewal or re-leasing (including the cost of required renovations or concessions to
tenants) may be less favorable to us than current lease terms. If vacancies continue for a long period of time, we may suffer reduced
revenues resulting in decreased distributions to our stockholders. In addition, the resale value of such affected properties could be
diminished. Further, costs associated with real estate investment, such as real estate taxes and maintenance costs, generally are not
reduced when circumstances cause a reduction in revenue. These events would cause a significant decrease in net revenues and could cause
us to reduce the amount we distribute to our stockholders.

As the owner of real property, we could become subject to liability for asbestos-containing building materials in the buildings on our properties.

Some
of our properties may contain asbestos-containing materials. Environmental laws typically require that owners or operators of buildings