Company: BHM
Filing Date: 2025-05-20
Form Type: 40-APP
Source: 0001680359-25-000316
Chunk: 5

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-20
Form: 40-APP
Chunk 5
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HM is a real estate investment trust formed to assemble a portfolio ofinstitutional residential properties including single-family homes, build-to-rent 7 See, e.g., Massachusetts Mutual Life Insurance Co. (pub. avail. June 7, 2000), Massachusetts Mutual Life Insurance Co. (pub. avail. July 28, 2000) and SMC Capital, Inc. (pub. avail. Sept. 5, 1995). 8The Board of each Future Regulated Fund will consist of a majority of members who are not “interested persons” of such Future Regulated Fund within the meaning of Section 2(a)(19) of the 1940 Act. 4 communities, and other residential communities, located in knowledge-economy and high quality of life growth markets of the Sunbelt and Western United States. BHM’s principal business objective is to generate attractive risk-adjusted returns on investments by acquiring residential units, developing residential communities, and through value-add renovations. BHM conducts its businesses primarily through the BHM Operating Partnership, of which BHM is the general partner. Neither BHM nor the BHM Operating Partnership are considered an investment company under Section 3(a)(1)(A) of the Investment Company Act because neither of them engages primarily or holds itself out as being engaged primarily in the business of investing, reinvesting or trading in securities. In the event that BHM or the BHM Operating Partnership were to be deemed an investment company under Section 3(a) of the 1940 Act, BHM or the BHM Operating Partnership would be excepted from the definition of an investment company under the 1940 Act pursuant to Section 3(c)(5) or Section 3(c)(6) thereof. BHM and the BHM Operating Partnership are externally managed by Homes Manager and, accordingly, may be considered to be controlled by Homes Manager.

| D. | BIGR and BIGR Operating Partnership |

BIGR is a Maryland Corporation formed on May 21, 2021. BIGR is a real estate investment trust formed to invest in a portfolio of Class A and B industrial properties including distribution centers, warehouses, logistics and light manufacturing industrial properties, primarily in growth markets across the United States. BIGR’s investments are primarily intended to focus on demographically attractive growth markets with industrial inventory ranging between approximately 25 million and 300 million square feet within the contiguous U.S. BIGR’s primary investment objectives include the following: (i) the preservation and protection of stockholders’