Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 45

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 45
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 not be successful in identifying and consummating suitable investment opportunities.

Our investment strategy requires
us to identify suitable investment opportunities compatible with our investment criteria. We may not be successful in identifying suitable
opportunities that meet our criteria or in consummating investments, including those identified as part of our investment pipeline, on
satisfactory terms or at all. Our ability to make investments on favorable terms may be constrained by several factors including, but
not limited to, competition from other investors with significant capital, including other publicly traded REITs and institutional investment
funds, which may significantly increase investment costs; and/or the inability to finance an investment on favorable terms or at all.
The failure to identify or consummate investments on satisfactory terms, or at all, may impede our growth and negatively affect our cash
available for distribution to our stockholders.

Adverse economic conditions may negatively affect our results of operations and, as a result, our ability to make distributions to our stockholders or to realize appreciation in the value of our properties.

Our operating results may
be adversely affected by market and economic challenges, which may negatively affect our returns and profitability and, as a result,
our ability to make distributions to our stockholders or to realize appreciation in the value of our properties. These market and economic
challenges include, but are not limited to, the following:

| · | any future                                                                                                                             
 downturn in the U.S. economy and high unemployment could result in tenant defaults under leases, vacancies in our properties and       
 concessions or reduced rental rates under new leases due to reduced demand. In addition, such downturns could result in reduced demand 
 for residential rental properties, which may reduce home prices and make home purchases more affordable as an alternative to renting,  
 which also may materially adversely reduce the demand for residential rental properties;                                               |

| · | any tariffs                                                                                                                              
 imposed by the current administration or other countries may cause further inflationary pressures in the economy, uncertainty and        
 volatility of debt and equity markets, and a slowdown in the U.S. and global economies. Such tariffs are likely to increase construction 
 costs and further reduce already constrained new supply starts, which could adversely impact the timing of actual completion and/or      
 stabilization of our build-to-rent communities, including potential delays due to supply shortages and labor shortages;                  |

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| · | the rate of                                                                                                                            
 household formation or population growth in our target markets or a continued or exacerbated economic slow-down experienced by the     
 local