Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 235

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 235
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 of our assets that may be invested in any one property or any one
geographic area. We intend to engage in such future investment activities in a manner that is consistent with our status as a REIT for
U.S. federal income tax purposes. In addition, we intend to purchase or lease income-producing properties for long-term investment. We
may also expand and improve the properties we will own upon completion of this offering or that we may subsequently acquire, and we may
sell such properties, in whole or in part, when circumstances warrant.

We may make adjustments based
on, among other things, prevailing real estate market conditions and the availability of attractive investment opportunities. While we
have no current intention of changing our investment policies, we might not forego an attractive investment merely because it does not
fit within our targeted asset class or portfolio composition. We may purchase or invest in any type of real estate that we determine is
in the best interest of our stockholders, subject to the provisions of our charter which limit certain types of investments.

We believe the probability
of meeting our investment objectives will be maximized through the careful selection and underwriting of assets. When considering an investment,
we will generally evaluate the following:

| · | the performance and                      
 risk characteristics of that investment; |

| · | how that investment                                  
 will fit within our target portfolio objectives; and |

| · | the expected returns                                  
 of that investment on a risk-adjusted basis, relative 
 to other investment alternatives.                     |

As such, our actual portfolio
composition may vary substantially from the target portfolio described in this prospectus.

Equity investments in contributed
or acquired properties may be subject to existing mortgage financing and other indebtedness or to new indebtedness we incur when we acquire
or refinance these investments. Debt service on such financing or indebtedness will have a priority over any distributions with respect
to our common stock. We do not place any limitations on (i) the number or amount of mortgages which may be placed on any one piece
of property or (ii) the amount or percentage of assets that will be invested in any specific property, subject to our policy not
to be treated as an investment company under the Investment Company Act.

At times, we may invest in
unimproved properties. We will consider a property to be an unimproved property if it was not acquired for the purpose of producing rental
or other operating income, has no development or construction in process at the time of acquisition, and no development or construction