Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 118

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 118
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 criminal and civil actions could be brought against
us, some of our contracts might be unenforceable, unless a court were to direct enforcement, and a court could appoint a receiver to take
control of us and liquidate our business.

ERISA RISKS

If you fail to meet the fiduciary and other standards under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or the Code as a result of an investment in our Series A Redeemable Preferred Stock, you could be subject to criminal and civil penalties.

Special considerations apply
to the purchase of stock by employee benefit plans subject to the fiduciary rules of title I of the Employee Retirement Income Security
Act of 1974, as amended, or ERISA, including pension or profit sharing plans and entities that hold assets of such plans, which we refer
to as ERISA Plans, and plans and accounts that are not subject to ERISA, but are subject to the prohibited transaction rules of Section 4975
of the Code, including IRAs, Keogh Plans, and medical savings accounts. (Collectively, we refer to ERISA Plans and plans subject to Section 4975
of the Code as “Benefit Plans” or “Benefit Plan Investors”). If you are investing the assets of any Benefit Plan,
you should consider whether:

| · | your investment will be consistent with your fiduciary obligations under ERISA and the Code; |

| · | your investment will be made in accordance with the documents and instruments governing the Benefit Plan, including the Plan’s investment policy; |

| · | your investment will satisfy the prudence and diversification requirements of Sections 404(a)(1)(B) and 404(a)(1)(C) of ERISA, if applicable, and other applicable provisions of ERISA and the Code; |

| · | your investment will impair the liquidity of the Benefit Plan; |

| · | your investment will produce “unrelated business taxable income” for the Benefit Plan; |

| · | you will be able to satisfy plan liquidity requirements as there may be only a limited market to sell or otherwise dispose of our Series A Redeemable Preferred Stock; and |

| · | your investment will constitute a prohibited transaction under Section 406 of ERISA or Section 4975 of the Code. |

Failure to satisfy the fiduciary
standards of conduct and other applicable requirements of ERISA and the Code may result in the imposition of civil and criminal penalties,
and can