Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 56

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 56
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 an exclusion from registration as an investment company. If we, our Operating Partnership or our subsidiaries
are required to register as an investment company but fail to do so, the unregistered entity would be prohibited from engaging in our
business, and criminal and civil actions could be brought against such entity. In addition, the contracts of such entity would be unenforceable
unless a court required enforcement, and a court could appoint a receiver to take control of the entity and liquidate its business.

If we or the Operating Partnership are 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.

If we become an investment
company or are otherwise required to register as an investment company, we might be required to revise some of our current policies, or
substantially restructure our business, to comply with the Investment Company Act. This would likely require us to incur the expense and
delay of holding a stockholder meeting to vote on proposals for such changes. Further, if we were required to register as an investment
company, but failed to do so, we would be prohibited from engaging in our business, criminal and civil actions could be brought against
us, some of our contracts might be unenforceable, unless a court were to direct enforcement, and a court could appoint a receiver to take
control of us and liquidate our business.

Our internal control over financial reporting may not be effective, which could adversely affect our reputation, results of operations and stock price.

The accuracy of our financial
reporting depends on the effectiveness of our internal control over financial reporting. Internal control over financial reporting can
provide only reasonable assurance with respect to the preparation and fair presentation of financial statements and may not prevent or
detect misstatements because of its inherent limitations. These limitations include the possibility of human error, inadequacy or circumvention
of internal controls and fraud. If we do not attain and maintain effective internal control over financial reporting or implement controls
sufficient to provide reasonable assurance with respect to the preparation and fair presentation of our financial statements, we could
be unable to file accurate financial reports on a timely basis, and our reputation, results of operations and stock price could be materially
adversely affected.

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We have limited sources of capital other than proceeds from future mortgage debt financings for acquisition and/or development projects, cash generated from operating activities, our $200