Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 307

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 307
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 or traders in securities or currencies; |

| · | insurance companies; |

| · | tax-exempt entities and organizations (except to the limited extent discussed in “—Taxation of Holders of Our Series A Redeemable Preferred Stock—Taxation of Tax-Exempt Stockholders” below); |

| · | financial institutions or broker-dealers; |

| · | non-U.S. individuals and foreign corporations (except to the limited extent discussed in “—Taxation of Holders of Our Series A Redeemable Preferred Stock—Taxation of Non-U.S. Stockholders” below); |

| · | former citizens or former long-term residents of the United States; |

| · | persons who mark-to-market our Series A Redeemable Preferred Stock; |

| · | subchapter S corporations; |

| · | U.S. stockholders (as defined below) whose functional currency is not the U.S. dollar; |

| · | regulated investment companies and REITs; |

| · | trusts and estates; |

| · | holders who receive our Series A Redeemable Preferred Stock through the exercise of employee stock options or otherwise as compensation; |

| · | persons holding our Series A Redeemable Preferred Stock as part of a “straddle,” “appreciated financial position,” “hedge,” “conversion transaction,” “synthetic security” or other integrated investment or risk reduction transaction; |

| · | persons subject to the alternative minimum tax provisions of the Code; |

| · | pass-through entities (such as entities treated as partnerships for U.S. federal income tax purposes); |

| · | persons subject to special tax accounting rules as a result of their use of applicable financial statements (within the meaning of Section 451(b)(3) of the Code); and |

| · | persons holding our Series A Redeemable Preferred Stock through a partnership or similar pass-through entity. |

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This summary assumes that
stockholders hold our Series A Redeemable Preferred Stock as a capital asset for U.S. federal income tax purposes, which generally
means property held for investment.

If a partnership, including
any entity that is treated as a partnership for U.S. federal income tax purposes, holds our Series A Redeemable Preferred Stock,
the U.S. federal income tax treatment of the partner in the partnership will generally depend on the status of the partner and the activities
of the partnership. If you are a partner in a partnership that will hold our Series