Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 111

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 111
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 amount and timing of dividends will depend upon cash generated by operating
activities, our business, financial condition, results of operations, capital requirements, annual distribution requirements under the
REIT provisions of the Code, and such other factors as our board of directors deems relevant. Our board of directors may change our dividend
policy at any time, and there can be no assurance as to the manner in which future dividends will be paid or that the current dividend
level will be maintained in future periods. We cannot assure you that we will consistently be able to generate sufficient available cash
flow to fund distributions on our Series A Redeemable Preferred Stock, nor can we assure you that sufficient cash will be available
to make distributions to you. We cannot predict the amount of distributions you may receive and we may be unable to pay, maintain or increase
distributions over time. Our inability to acquire additional properties or make real estate-related investments or operate profitably
may have a negative effect on our ability to generate sufficient cash flow from operations to pay distributions on our Series A Redeemable
Preferred Stock. Any reduction in our dividends may cause investors to seek alternative investments, which would result in selling
pressure on, and a decrease in the market price of, our common stock. As a result, the price of our common stock may decrease, which may
have a material adverse effect on our business, financial condition and results of operations. In addition, to the extent we make distributions
to stockholders with sources other than cash flow from operations, the amount of cash that is available for investment in real estate
assets will be reduced, which will in turn negatively impact our ability to achieve our investment objectives and limit our ability to
make future distributions.

We will incur increased costs as a result of operating as a public company. If we fail to maintain proper and effective internal controls, our ability to produce accurate and timely financial statements could be impaired, which could result in sanctions or other penalties that would harm our business.

We are subject to the reporting
requirements of the Securities Exchange Act of 1934 (the “Exchange Act”), the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”), and the rules and regulations of the New York Stock Exchange American (the “NYSE American”). Our financial
results historically were included within the consolidated results of Bluerock Residential, and until the Distribution occurred, we were
not directly subject to reporting and other requirements of the Exchange Act and Section 404 of