Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 351

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 351
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) will not be subject to U.S. federal income tax under FIRPTA. However, while a “qualified
shareholder” will not be subject to FIRPTA withholding on a sale of our capital stock, non-United States persons who hold interests
in the “qualified shareholder” (other than interests solely as a creditor) and hold more than 10% of our capital stock, either
through the “qualified shareholder” or otherwise, will still be subject to FIRPTA withholding.

If the gain on the sale of
our Series A Redeemable Preferred Stock were taxed under FIRPTA, a non-U.S. stockholder would be taxed on that gain in the same manner
as U.S. stockholders, subject to applicable alternative minimum tax and a special alternative minimum tax in the case of nonresident alien
individuals. In addition, distributions that are subject to tax under FIRPTA also may be subject to a 30% branch profits tax when made
to a non-U.S. stockholder treated as a corporation (under U.S. federal income tax principles) that is not otherwise entitled to treaty
exemption. Finally, 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.

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