Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 59

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 59
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 operations. We intend to continue to
organize and operate in such a manner as to remain qualified as a REIT.

Industry Segments

We
own and operate residential real estate assets that generate rental and other property-related income through the leasing of residential
units to a diverse base of tenants. We view our residential real estate assets as two reportable segments, consisting of (i) residential
communities and (ii) scattered single-family homes. Our Chief Operating Decision Makers, which are our Chief Executive Officer, Chief
Investment Officer and Chief Financial Officer, do not distinguish or group operations on a geographic, tenant or other basis when assessing
the financial performance of our portfolio of properties/investments.

Residential communities segment includes the acquisition, ownership, management, renovation, construction, and development of residential communities,
which include both detached single-family home communities and attached unit communities such as apartments, townhouses, and duplexes.
Each residential community is, generally, located on a single, contiguous land parcel and has amenities including clubhouses, gyms, pools
and common areas. In addition, these residential communities typically have onsite property management.

Scattered single-family homes segment includes the acquisition, ownership, management, and renovation of scattered single-family homes, which
are, generally, detached homes with no onsite property management.

Inflation and Related Economic Volatility

While
inflationary pressures have shown signs of moderation, we continue to monitor increases in inflation and rising interest rates and resulting
economic changes in credit and capital markets. Inflation and its related impacts, including increased prices for services and goods and
higher interest rates and wages, and any policy interventions by the U.S. government, could negatively impact our residents’ ability
to pay rents and our results of operations. Substantially all our leases are for a term of one year or less, which we believe mitigates
our exposure to inflation, by permitting us to set rents commensurate with inflation (subject to rent regulations to the extent they apply
and assuming our current or prospective residents will accept and can pay commensurate increased rents, of which there can be no assurance).
Inflation could outpace any increases in rent and adversely affect us. We may not be able to mitigate the effects of inflation and related
impacts, and the duration and extent of any prolonged periods of inflation, and any such related adverse effects on our results of operations
and financial condition are unknown at this time. Inflation may also cause increased volatility in financial markets, which could