Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 52

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 52
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 properties, increased maintenance costs as older properties continue to age, and cost
overruns due to the need for special materials and/or fixtures specific to older properties. Although we take a proactive approach to
property preservation, utilizing a preventative maintenance plan, and selective improvements that mitigate the cost impact of maintaining
exterior building features and aging building components, if we are not able to cost-effectively maximize the life of our properties,
we may incur greater than anticipated capital expenditure costs which may adversely affect our financial condition, results of operations
and/or ability to make distributions to our stockholders.

Any uninsured losses or high insurance premiums will reduce our net income and the amount of our cash distributions to stockholders.

We will attempt to ensure
adequate insurance is obtained to cover significant areas of risk to us as a company and to our properties. However, there are types
of losses at the property level, generally catastrophic in nature, such as losses due to wars, acts of terrorism, earthquakes, floods,
hurricanes, pollution or environmental matters, which are uninsurable or not economically insurable, or may be insured subject to limitations,
such as large deductibles or co-payments. We may not have adequate insurance coverage for such losses. If any of our properties incurs
a casualty loss that is not fully insured, the value of our assets will be reduced by any such uninsured loss. In addition, other than
any working capital reserve or other reserves we may establish for a particular property, we could have no source of funding to repair
or reconstruct any uninsured damaged property. Also, to the extent we must pay unexpectedly large amounts for insurance, we could suffer
reduced cash flow that would result in lower distributions to stockholders.

We may have difficulty selling real estate investments, and our ability to distribute all or a portion of the net proceeds from such sale to our stockholders may be limited.

Real estate investments are
relatively illiquid. We will have a limited ability to vary our portfolio in response to changes in economic or other conditions. We
will also have a limited ability to sell assets in order to fund working capital and similar capital needs. When we sell any of our properties,
we may not realize a gain on such sale. We may not elect to distribute any proceeds from the sale of properties to our stockholders;
for example, we may use such proceeds to:

| · | purchase additional 
 properties;         |

| · | fund capital                       
 commitments to our joint ventures; |

| · | repay debt, 
 if any