Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 22

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 22
---
 intend to make regular cash distributions
to our stockholders out of our cash available for distribution, typically on a monthly or quarterly basis. We expect that our board of
directors will determine the amount of distributions to be distributed to our stockholders on a quarterly basis. The board’s determination
will be based on a number of factors, including funds available from operations, current and projected capital expenditure requirements,
the annual distribution requirements necessary to maintain our qualification as a REIT under the Code, other tax considerations, and
other factors deemed relevant by our board of directors. As a result, our distribution rate and payment frequency may vary from time
to time. We reserve the right to adjust the periods during which distributions accrue and are paid. See “Description of Capital
Stock–Distributions.”

Generally, our policy is
to pay distributions from cash flow from operations. However, from time to time, we may not generate sufficient cash flow from operations
or funds from operations to fully fund distributions. Therefore, some or all of our cash distributions may be paid from other sources,
such as cash flows from financing activities, which may include borrowings and net proceeds from shares sold in this offering or our
common stock offering, proceeds from the issuance of additional shares pursuant to any future common stock distribution reinvestment
plan, cash resulting from a waiver or deferral of fees or expense reimbursements otherwise payable to the Manager or its affiliates,
cash resulting from the Manager or its affiliates paying certain of our expenses, proceeds from the sales of assets, and from our cash
balances. There is no limit on distributions that may be made from these sources; however, our Manager and its affiliates are under no
obligation to defer or waive fees in order to support our distributions.

REIT Status

As long as we maintain our
qualification as a REIT, we generally will not be subject to U.S. federal income or excise tax on income that we currently distribute
to our stockholders. Under the Code, a REIT is subject to numerous organizational and operational requirements, including a requirement
that it annually distribute at least 90% of its REIT taxable income (determined without regard to the deduction for dividends paid and
excluding net capital gain) to its stockholders. If we fail to maintain our qualification as a REIT in any year, our income will be subject
to U.S. federal income tax at regular corporate rates, regardless of our distributions to stockholders, and we may be precluded from
qualifying for treatment