Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 350

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 350
---
, if we are not a domestically controlled qualified investment entity at the time our capital stock is sold and the
non-U.S. stockholder does not qualify for the exemptions described in the preceding paragraph, under FIRPTA the purchaser of our capital
stock also may be required to withhold 15% of the purchase price and remit this amount to the IRS on behalf of the selling non-U.S. stockholder.

With respect to individual
non-U.S. stockholders, even if not subject to FIRPTA, capital gains recognized from the sale of our capital stock will be taxable to such
non-U.S. stockholder if he or she is a non-resident alien individual who is present in the United States for 183 days or more during the
taxable year and some other conditions apply, in which case the non-resident alien individual may be subject to a U.S. federal income
tax on his or her U.S. source capital gain.

Redemptions.
As described in “Description of Capital Stock—6.0% Series A Redeemable Preferred Stock— Optional Redemption
by the Company” and “— Optional Redemption Following Death or Qualifying Disability of a Holder,” we have
the option to pay the redemption price, in whole or in part, in cash or shares of our Class A common stock.

<div align='center'>168</div>

If we elect to pay the entire
redemption price in our Class A common stock, so long our Series A Redeemable Preferred Stock does not constitute a USRPI under
FIRPTA, the tax consequences to a non-U.S. stockholder will generally be the same as those described above for a U.S. stockholder.
If our Series A Redeemable Preferred Stock does constitute a USRPI, the redemption of our Series A Redeemable Preferred Stock
for our common stock may be a taxable exchange for a non-U.S. stockholder. However, even if our Series A Redeemable Preferred
Stock does constitute a USRPI, provided our Class A common stock also constitutes a USRPI, a non-U.S. stockholder generally
will not recognize gain or loss upon the redemption of our Series A Redeemable Preferred Stock for our Class A common stock
so long as certain FIRPTA-related reporting requirements are satisfied, except with respect to any cash attributable to a fractional share.
If our Series A Redeemable Preferred Stock does constitute a USRPI and such requirements are not satisfied, however, the