Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 73

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 73
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 or consummate investments on satisfactory terms, or at all, may impede our growth
and negatively affect our cash available for distribution to our stockholders.

The inability of our Manager to retain or obtain key personnel could delay or hinder implementation of our investment strategies, which could impair our ability to make distributions and could reduce the value of your investment.

Our Manager will be obligated
to supply us with substantially all of our senior management team, including our chief executive officer, president, chief accounting
officer and chief operating officer. Subject to investment, leverage and other guidelines or policies adopted by our board of directors,
our Manager will have significant discretion regarding the implementation of our investment and operating policies and strategies. Accordingly,
we believe that our success will depend significantly upon the experience, skill, resources, relationships and contacts of the senior
officers and key personnel of our Manager and its affiliates. In particular, our success depends to a significant degree upon the contributions
of Messrs. Kamfar, Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala, all of whom are senior officers of our Manager. We will not
have employment agreements with any of these key personnel and do not have key man life insurance on any of them. If any of Messrs. Kamfar,
Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala were to cease their affiliation with us or our Manager, our Manager may be unable to
find suitable replacements, and our operating results could suffer. We believe that our future success will depend, in large part, upon
our Manager’s ability to hire and retain highly skilled managerial, operational and marketing personnel. Competition for highly
skilled personnel is intense, and our Manager may be unsuccessful in attracting and retaining such skilled personnel. If we lose or are
unable to obtain the services of highly skilled personnel, our ability to implement our investment strategies could be delayed or hindered,
and the value of your investment may decline.

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Our Manager’s limited operating history makes it difficult for you to evaluate this investment.

Our Manager has limited operating
history and may not be able to successfully operate our business or achieve our investment objectives. We may not be able to conduct our
business as described in our plan of operation.

Non-renewal of the Management Agreement, even for poor performance, could be difficult and costly, including as a result of termination fees, and may cause us to be unable to execute our business plan.

Non