Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 241

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 241
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 wholly-owned or majority owned subsidiaries of our operating partnership.

Finally, to maintain compliance
with the Investment Company Act exceptions, we, our operating company or our subsidiaries may be unable to sell assets we would otherwise
want to sell and may need to sell assets we would otherwise wish to retain. In addition, we, our operating partnership or our subsidiaries
may have to acquire additional income-or loss-generating assets that we might not otherwise have acquired or may have to forego opportunities
to acquire interests in companies that we would otherwise want to acquire and that may be important to our investment strategy. If our
subsidiaries fail to satisfy the requirements of Section 3(c)(5)(C) and cannot rely on any other exemption or exclusion under
the Investment Company Act, we could be characterized as an investment company. Our Manager will continually review our investment activity
to attempt to ensure that we will not be regulated as an investment company. Among other things, our Manager will attempt to monitor the
proportion of our portfolio that is placed in investments in securities.

Conflict of Interest Policies

Our management will be subject
to various conflicts of interest arising out of our relationship with our Manager and its affiliates. See “Risk Factors—Risks
Related to our Management and Relationships with our Manager.” We are entirely dependent upon our Manager for our day-to-day management
and do not have any independent employees. Our executive officers and our directors serve as officers of Bluerock and its affiliates.
As a result, conflicts of interest may arise between our Manager and its affiliates, on the one hand, and us on the other.

We do not have a policy that
expressly restricts any of our directors, officers, stockholders or affiliates, including our Manager and its officers and employees,
from having a pecuniary interest in an investment in or from conducting, for their own account, business activities of the type we conduct.
However, our code of business conduct and ethics contains a conflicts of interest policy that prohibits our directors, officers and personnel,
as well as employees and officers of our Manager and its affiliates who provide services to us, from engaging in any transaction that
involves an actual conflict of interest with us. Notwithstanding the prohibitions in our code of business conduct and ethics, after considering
the relevant facts and circumstances of any actual conflict of interest, the audit committee of our board of directors or another committee
of our board of directors comprised solely of independent directors may, on a case-by-case basis and in their sole discretion, waive