Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 349

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 349
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 established or operates and (5) with respect to which, under the laws of the country in which it is established or operates, and
subject to a de minimis exception, (a) contributions to such organization or arrangement that would otherwise be subject to tax under
such laws are deductible or excluded from the gross income of such entity or taxed at a reduced rate or (b) taxation of any investment
income of such organization or arrangement is deferred or such income is taxed a reduced rate.

FATCA.
Under FATCA, a U.S. withholding tax at a 30% rate will be imposed on dividends paid to certain non-U.S. stockholders if certain disclosure
requirements related to U.S. accounts or ownership are not satisfied. If payment of withholding taxes is required, non-U.S. stockholders
that are otherwise eligible for an exemption from, or reduction of, U.S. withholding taxes with respect to such dividends will be required
to seek a refund from the IRS to obtain the benefit of such exemption or reduction. We will not pay any additional amounts in respect
of any amounts withheld.

Dispositions.
Subject to the discussion below regarding dispositions by “qualified shareholders” and “qualified foreign pension funds,”
non-U.S. stockholders could incur tax under FIRPTA with respect to gain realized upon a disposition of our Series A Redeemable Preferred
Stock if we are a United States real property holding corporation, or USRPHC, during a specified testing period. If at least 50% of a
REIT’s assets are USRPIs, then the REIT will be a USRPHC. We anticipate that we will be a USRPHC based on our investment strategy.
However, even if we are a USRPHC, a non-U.S. stockholder generally would not incur tax under FIRPTA on gain from the sale of our Series A
Redeemable Preferred Stock if we are a “domestically controlled qualified investment entity.”

A “domestically controlled
qualified investment entity” includes a REIT in which, at all times during a specified testing period, less than 50% in value of
its shares are held directly or indirectly by non-U.S. stockholders. We cannot assure you that this test has been or will be met.

If our Series A Redeemable
Preferred Stock is regularly traded on an established securities market, an additional exception to the tax under FIRPTA will be available
with respect to a non-U.S