Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 57

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 57
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 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 directors determines
our major policies, including our policies regarding financing, growth, debt capitalization, REIT qualification and distributions. Our
board of directors may amend or revise these and other policies without a vote of the stockholders. Under the Maryland General Corporation
Law (the “MGCL”) and our charter, our stockholders have a right to vote only on limited matters. See “Description of Capital Stock.”

Our Manager will be responsible
for the day-to-day operations of our company and the selection and management of investments and has broad discretion over the use of
proceeds from offerings of our securities. Accordingly, you should not purchase our securities unless you are willing to entrust all aspects
of the day-to-day management and the selection and management of investments