Company: BHM
Filing Date: 2025-05-20
Form Type: 40-APP
Source: 0001680359-25-000316
Chunk: 1

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-20
Form: 40-APP
Chunk 1
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 | Bluerock Total Income+ Real Estate Fund (“TI+”),                                          
 a non-diversified closed-end management investment company registered under the 1940 Act; |

| • | Bluerock High Income Institutional Credit Fund (“HI” and, together withTI+, the“ExistingRegulated Funds”), a non-diversified closed-end management investment 
 company registered under the 1940 Act;                                                                                                                        |

| • | Bluerock Homes Trust, Inc. (“BHM”), a real estate investment trust managed by Homes Manager (defined below); |

| • | Bluerock Residential Holdings, L.P. a  subsidiary of BHM externally managed by Homes Manager (“BHM Operating Partnership”); |

| • | Bluerock Industrial Growth REIT, Inc.(“BIGR”),a real estate investment trust managed by Industrial Manager (defined below); |

| • | Bluerock Industrial Holdings, L.P., a subsidiary of BIGR externally managed by Industrial Manager (“BIGR Operating 
 Partnership”);                                                                                                     |

| • | Bluerock Fund Advisor, LLC (“BFA”),                                     
 a subsidiary ofBAM (as defined below) and the investment adviserto TI+; |

| • | Bluerock Credit Fund Advisor, LLC (“CFA”), a subsidiary ofBAM and the investment adviserto HI; |

| • | Bluerock Homes Manager, LLC (“Homes Manager”), a subsidiary ofBAM and the 
 manager of BHM;                                                           |

| • | Bluerock Industrial Manager, LLC (“Industrial Manager” and, together with the Existing Regulated Funds, BHM, the BHM Operating Partnership, BIGR, the BIGR Operating Partnership, BFA, CFA and Homes Manager, the“Applicants”),a subsidiary ofBAM and the manager of BIGR.2 |

The relief requested in this application for the Order (the “ Application”)would allow a Regulated 1Unless otherwise indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder. 2All existing entities that currently intend to rely upon the requested Order have been named as Applicants. Any other existing or future entity that subsequently relies on the Order will comply with the terms and conditions of the Application. 2 Fund 3 and one or more Affiliated Entities 4 to engage in Co-Investment Transactions 5 subject to the terms and conditions described herein. The Regulated Funds and Affiliated Entities that participate in a Co-Investment Transaction are collectively referred to