Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 74

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 74
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 the voting power, which control
is greater than any other person’s, of our Operating Partnership we may rely on Rule 3a-1.

To
ensure that neither we, nor our Operating Partnership nor subsidiaries are required to register as an investment company, each entity
may be unable to sell assets they would otherwise want to sell and may need to sell assets they would otherwise wish to retain. In addition,
we, our Operating Partnership or our subsidiaries may be required to acquire additional income or loss-generating assets that we might
not otherwise acquire or forego opportunities to acquire interests in companies that we would otherwise want to acquire. Although we,
our Operating Partnership and our subsidiaries intend to monitor our respective portfolios periodically and prior to each acquisition
or disposition, any of these entities may not be able to maintain 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.

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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