Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 181

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 181
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 the Operating
Partnership. Although we intend to monitor our portfolio periodically and prior to each investment acquisition or disposition, there can
be no assurance that we will be able to maintain this exemption from registration for each of our subsidiaries.

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In addition, we, the Operating
Partnership and/or our subsidiaries may rely upon other exceptions and exemptions, including the exemptions provided by Section 3(c)(6) of
the Investment Company Act (which exempts, among other things, parent entities whose primary business is conducted through majority-owned
subsidiaries relying upon the exemption provided by Section 3(c)(5)(C), discussed above), from the definition of an investment company
and the registration requirements under the Investment Company Act.

Qualification for exemption
from registration under the Investment Company Act could limit our ability to make certain investments. For example, these restrictions
could limit the ability of a subsidiary seeking to rely on the exemption provided by Section 3(c)(5)(C) of the Investment Company
Act to invest in securities that the SEC has not deemed qualifying interests.

However, there can be no assurance
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