Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 35

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 35
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 and make assessments for capital improvements and common area repairs and maintenance. Property taxes, HOA fees, and insurance
premiums are subject to significant increases, which can be outside of our control. If the costs associated with property taxes, HOA fees
and assessments, or insurance rise significantly and we are unable to increase rental rates due to rent control laws or other regulations
to offset such increases, our results of operations would be negatively affected.

Our investments are and will continue to be concentrated in our markets and in the residential properties sector of the real estate industry, which exposes us to seasonal fluctuations in rental demand and downturns in our markets or in the residential properties sector.

Our investments in real estate
assets are and will continue to be concentrated in our markets and in the residential properties sector of the real estate industry. A
downturn or slowdown in the rental demand for housing caused by adverse economic, regulatory, or environmental conditions, or other events,
in our markets may have a greater impact on the value of our properties or our operating results than if we had more fully diversified
our investments. We believe that there are seasonal fluctuations in rental demand with demand higher in the spring and summer than in
the late fall and winter. Such seasonal fluctuations may impact our operating results. Any future outbreaks of infectious disease, which
may include COVID-19 or a future pandemic, could also result in demand for residential rental properties decreasing substantially and/or
occupancy decreasing materially. See “—Our business, results of operations, financial condition, and cash flows may be adversely
affected by pandemics and outbreaks of infectious disease, which may include COVID-19.”

In addition to general, regional,
national, and international economic conditions, our operating performance will be impacted by the economic conditions in our markets.
We base a substantial part of our business plan on our belief that property values and operating fundamentals for residential properties
in our markets will continue to improve over the near to intermediate term. However, these markets have experienced substantial economic
downturns in recent years and could experience similar or worse economic downturns in the future. Additionally, a significant outbreak
of infectious disease in the human population or pandemic may result in a widespread health crisis adversely affecting the economies and
financial markets of many countries, resulting in an economic downturn that could negatively affect our business, results of operations,
and financial condition. See “—Our business, results of operations, financial condition, and cash flows may be adversely affected
by pandemics and outbreaks of infectious disease, which may include