Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 276

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 276
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 the outstanding stock of
any class for at least six months have the right to inspect our books of account and our stock ledger and may request a list of stockholders.
Requests to inspect and/or copy our corporate records must be made in writing to our address at 919 Third Avenue , 40 Floor,
New York, New York 10022.

Distributions

We intend to make regular
cash distributions to our stockholders, typically on a monthly basis. Our board of directors will determine the amount of distributions
to be distributed to our stockholders. The board’s determination will be based on a number of factors, including funds available
from operations, our capital expenditure requirements and the annual distribution requirements necessary to maintain our REIT qualification
under the Code. As a result, our distribution rate and payment frequency may vary from time to time. However, to qualify as a REIT for
U.S. federal income tax purposes, we must make distributions equal to at least 90% of our REIT taxable income (determined without regard
to the dividends paid deduction and excluding net capital gain) each year. Especially during the early stages of our operations, some
or all of our cash distributions are expected to be paid from sources other than cash flows from operating activities, such as cash flows
from financing activities, which may include borrowings, net proceeds from shares sold in this offering or our common stock offering,
proceeds from the issuance of additional shares pursuant to any future distribution reinvestment plan for our common stock, cash resulting
from a waiver or deferral of fees or expense reimbursements otherwise payable to the Manager or its affiliates, cash resulting from the
Manager or its affiliates paying certain of our expenses, proceeds from the sales of assets, and from our cash balances. There is no limit
on distributions that may be paid from any of these sources, however, our Manager and its affiliates are under no obligation to defer
or waive fees in order to support our distributions. Our charter does not prohibit our use of such sources to fund distributions.

We will pay U.S. federal income
tax on our taxable income, including net capital gain, that we do not distribute to stockholders. Furthermore, if we fail to distribute
with respect to each year, at least the sum of 85% of our REIT ordinary income for such year, 95% of our REIT capital gain income for
such year, and any undistributed taxable income from prior periods, we will incur a 4% nondeductible excise