Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 57

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 57
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have acquired and disposed of, and may continue to acquire and dispose of, properties we acquire or sell in bulk from or to other owners
of residential properties, banks, and loan servicers. When we purchase properties in this manner, we often do not have the opportunity
to conduct interior inspections or conduct more than cursory exterior inspections on a portion of the properties. Such inspection processes
may fail to reveal major defects associated with such properties, which may cause the amount of time and cost required to renovate and/or
maintain such properties to substantially exceed our estimates. Bulk portfolio acquisitions are also more complex than single-family home
acquisitions, and we may not be able to implement this strategy successfully. The costs involved in locating and performing due diligence
(when feasible) on portfolios of residential properties as well as negotiating and entering into transactions with potential portfolio
sellers could be significant, and there is a risk that either the seller may withdraw from the entire transaction for failure to come
to an agreement or the seller may not be willing to sell us the bulk portfolio on terms that we view as favorable. In addition, a seller
may require that a group of residential properties be purchased as a package even though we may not want to purchase certain individual
assets in the bulk portfolio.

Moreover,
to the extent the management and leasing of such properties has not been consistent with our property management and leasing standards,
we may be subject to a variety of risks, including risks relating to the condition of the properties, the credit quality and employment
stability of the residents, and compliance with applicable laws, among others. In addition, financial and other information provided to
us regarding such portfolios during our due diligence may be inaccurate, and we may not discover such inaccuracies until it is too late
to seek remedies against such sellers. To the extent we pursue such remedies, we may not be able to successfully prevail against the seller
in an action seeking damages for such inaccuracies. If we conclude that certain individual properties purchased in bulk portfolio sales
do not fit our target investment criteria, we may decide to sell, rather than renovate and lease, such properties, which could take an
extended period of time and may not result in a sale at an attractive price.

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From
time to time we engage in bulk portfolio dispositions of properties consistent with our business and investment strategy. With respect
to any such disposition, the purchaser may default on payment or otherwise breach the terms of the