Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 55

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 55
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, LLC (“REIT”), a Delaware limited liability company, and MC I&I Common Opco, LP (Common Opco), a Delaware limited
partnership, together (the “Fund”), commenced operations on July 26, 2023. The primary purpose of the Fund is to invest
in privately held entities engaged in the acquisition and/or development and operation of real estate projects.

The Fund is managed by Marble Capital
Income and Impact Fund GP, LLC (the “General Partner”), which serves as the general partner. The Partnership has perpetual
existence but shall be dissolved and the affairs of the Fund wound up upon the occurrence of a disabling event with respect to the General
Partner, a vote by limited partners representing at least 66.67% of the Fund’s interests to dissolve the Fund, or the election of
the General Partner to terminate and dissolve the Fund provided written notice of such election to the limited partners with no majority
of limited partners objecting to such dissolution.

2. Summary of significant accounting policies

Basis of Presentation

The consolidated financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The
Fund is an investment company and follows the accounting and reporting guidance in FASB Topic 946 of the Codification, entitled Financial Services – Investment Companies.

In the opinion of management, the unaudited
consolidated financial results included herein contain all adjustments, consisting solely of normal recurring accruals, considered necessary
for the fair presentation of the financial statements for the interim periods included herein. The results of operations for the three
months ended March 31, 2025 and March 31, 2024 are not necessarily indicative of the operating results to be expected for the
full year. Also, the unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated
financial statements and notes thereto for the year ended December 31, 2024.

Consolidation

The accompanying consolidated financial
statements reflect consolidated accounts of Marble Capital Income and Impact and its wholly owned subsidiaries REIT and Common Opco, formed
for the sole purpose of facilitating the Fund's investments. All intercompany balances were eliminated in the accompanying consolidated
financial statements.

Cash

Cash represents cash deposits held at
financial institutions. Cash is held at major financial institutions and is subject to credit risk to the extent those balances exceed
applicable Federal Deposit Insurance Corporation (“FDIC”) or

Securities Investor Protection Corporation
(“