Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 339

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 339
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 disposition, and the U.S. stockholder’s adjusted tax basis.
A stockholder’s adjusted tax basis generally will equal the U.S. stockholder’s acquisition cost, increased by the excess of
net capital gains deemed distributed to the U.S. stockholder (discussed above) less tax deemed paid on such gains, and reduced by any
returns of capital. However, a U.S. stockholder must treat any loss upon a sale or exchange of Series A Redeemable Preferred Stock
held by such stockholder for six months or less as a long-term capital loss to the extent of capital gain dividends and any other actual
or deemed distributions from us that such U.S. stockholder treats as long-term capital gain. All or a portion of any loss that a U.S.
stockholder realizes upon a taxable disposition of shares of our Series A Redeemable Preferred Stock may be disallowed if the U.S.
stockholder purchases substantially identical stock within 30 days before or after the disposition.

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.

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If we elect to pay the entire
redemption price in our Class A common stock, U.S. stockholders will not recognize gain or loss, except to the extent they receive
cash in lieu of fractional shares. A U.S. stockholder’s tax basis in our Class A common stock received will be equal to its
adjusted tax basis in the Series A Redeemable Preferred Stock being redeemed less any portion allocable to cash received in lieu
of a fractional share. Cash received in lieu of a fractional share generally will be treated as a payment in a taxable exchange for such
fractional share, and gain or loss will be recognized on the receipt of cash in an amount equal to the difference between the amount of
cash received and the adjusted tax basis allocable to the fractional share deemed exchanged. This gain or loss will be long-term capital
gain or loss if the U.S. stockholder has held our Series A Redeemable Preferred Stock for more than one year at the time of conversion.

If we elect to pay the redemption
price partly in our Class A common stock and partly in cash, U.S