Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 31

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 31
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-term track records
that might assist us in predicting whether this aspect of our business model and investment strategy can be implemented and sustained
over an extended period of time. It may be difficult for you to evaluate our potential future performance without the benefit of established
long-term track records from companies implementing a similar business model. We may encounter unanticipated problems as we continue to
refine our business model, which may adversely affect our results of operations and ability to make distributions to our stockholders
and cause our stock price to decline significantly.

We have a limited operating history as a REIT and an independent publicly traded company and may not be able to operate our business successfully or generate sufficient cash flows to make or sustain distributions to our stockholders.

We have a limited operating
history as a REIT and an independent publicly traded company. As a result, an investment in our Series A Redeemable Preferred Stock
or Class A common stock may entail more risk than an investment in the preferred or common stock of a real estate company with a
substantial operating history. If we are unable to operate our business successfully, we would not be able to generate sufficient cash
flow to make or sustain distributions to our stockholders, and you could lose all or a portion of the value of your ownership in Series A
Redeemable Preferred Stock or Class A common stock. Our ability to successfully operate our business and implement our operating
policies and investment strategy depends on many factors, including:

| · | our ability to effectively manage renovation, maintenance, marketing, and other operating costs for our properties; |

| · | economic conditions in our markets, including changes in employment and household earnings and expenses, as well as the condition of the financial and real estate markets and the economy, in general; |

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| · | our ability to maintain high occupancy rates and target rent levels; |

| · | the availability of, and our ability to identify, attractive acquisition opportunities consistent with our investment strategy; |

| · | our ability to compete with other investors entering the residential rental industry; |

| · | costs that are beyond our control, including title litigation, litigation with residents or tenant organizations, legal compliance, property taxes, HOA fees, and insurance; |

| · | judicial and regulatory developments affecting landlord-tenant relations that may affect or delay our ability to dispossess or evict occupants or increase rental rates; |

| · | reversal of population, employment, or homeownership trends in our markets; and |