Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 179

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 179
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that the laws and regulations governing the Investment Company Act status of REITs (and/or their subsidiaries), including actions by the
SEC or the SEC staff providing more specific or different guidance regarding these exemptions, will not change in a manner that adversely
affects our operations. For example, on August 31, 2011, the SEC issued a concept release requesting comments regarding a number
of matters relating to the exemption provided by Section 3(c)(5)(C) of the Investment Company Act, including the nature of assets
that qualify for purposes of the exemption and whether mortgage REITs should be regulated in a manner similar to investment companies.
To the extent that the SEC or the SEC staff provides more specific guidance regarding any of the matters bearing upon such exceptions,
exemptions, or exclusions, or other exemptions from the definition of investment company under the Investment Company Act upon which we
may rely, we may be required to change the way we conduct our business or adjust our strategy or the activities of our subsidiaries accordingly.
Any additional guidance from the SEC staff could provide additional flexibility to us, or it could further inhibit our ability to pursue
the strategies we have chosen.

If we fail to qualify for
an exemption from registration as an investment company or an exclusion from the definition of an investment company, our ability to use
leverage and other business strategies would be substantially reduced, and our business will be materially and adversely affected if we
fail to qualify for an exemption or exclusion from regulation under the Investment Company Act. If we did become an investment company,
we might be required to revise some of our current policies to comply with the Investment Company Act. This would require us to incur
the expense and delay of holding a stockholder meeting to vote on proposals for such changes. Please see “Risk Factors— Investment
Company Risks—We are not registered as an investment company under the Investment Company Act, and therefore we will not be subject
to the requirements imposed on an investment company by the Investment Company Act which may limit or otherwise affect our investment
choices.” Please also see “Risk Factors—Investment Company Risks—If the Company or the Operating Partnership is
required to register as an investment company under the Investment Company Act, the additional expenses and operational limitations associated
with such registration may reduce your investment return or impair our ability to conduct our business as planned.”

Additional Private Placements By the Operating Partnership

The Operating Partnership
may also offer undivided beneficial or similar interests in certain residential properties, including traditional multif