Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 238

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 238
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 in mortgages, we would expect to invest in mortgages secured by residential
properties. However, there is no restriction on the proportion of our assets that may be invested in a type of mortgage or any single
mortgage.

Investments in real estate
mortgages run the risk that one or more borrowers may default under certain mortgages and that the collateral securing certain mortgages
may not be sufficient to enable us to recoup our full investment. We do not presently intend to invest in real estate mortgages. We will
limit any investments in securities so that we do not fall within the definition of an investment company under the Investment Company
Act.

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Investments in Securities of or Interests in Persons Primarily Engaged in Real Estate Activities and Other Issuers

Although we have no current
intention of doing so, subject to the percentage of ownership limitations, asset tests and gross income tests necessary for REIT qualification,
we may invest, without stockholder approval, in securities of other REITs, other entities engaged in real estate activities or other issuers,
including for the purpose of exercising control over such entities. We may invest in the debt or equity securities of such entities, including
for the purpose of exercising control over such entities. We have no current plans to invest in entities that are not engaged in real
estate activities. While we may attempt to diversify our investments, in terms of property locations, size and market, we do not have
any limit on the amount or percentage of our assets that may be invested in one entity, property or geographic area. In any event, we
do not intend that any such investments in securities will require us to register as an investment company under the Investment Company
Act, and we intend to divest of securities before any registration would be required.

Investments in Other Securities

Other than as described above,
we do not intend to invest in any additional securities such as bonds, preferred stocks or common stock.

Investments in and Originating Real Estate-Related Investments

We generally do not intend
to invest in or originate first or second mortgages, subordinated, bridge and other real estate-related loans, debt securities related
to or secured by real estate assets, or common and preferred equity securities, including equity securities of other REITs or real estate
companies. Excluded from this category are joint venture investments in which we exercise some control and generally, with respect to
development projects, preferred equity and subordinated loans with equity participation. Although we do not