Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 355

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 355
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must maintain, within the Internal Revenue District in which we are required to file our U.S. federal income tax return, permanent records
showing the information we have received about the actual ownership of our Series A Redeemable Preferred Stock and a list of those
persons failing or refusing to comply with our demand.

Other Tax Considerations

Tax Aspects of Our Investments in Our Operating Partnership and Subsidiary Partnerships

We believe that our Operating
Partnership currently is, and at the conclusion of this offering, will be, properly classified as a partnership for U.S. federal income
tax purposes and not as an association or as a publicly traded partnership taxable as a corporation. The following discussion summarizes
certain U.S. federal income tax considerations applicable to our direct or indirect investments in our Operating Partnership as a partnership
for U.S. federal income tax purposes and any subsidiary partnerships or limited liability companies that we form or acquire, or each individually
a Partnership and, collectively, the Partnerships. The discussion does not cover state or local tax laws or any U.S. federal tax laws
other than income tax laws.

Classification as Partnerships. We will include in our income our distributive share of each Partnership’s income and deduct our
distributive share of each Partnership’s losses only if such Partnership is classified for U.S. federal income tax purposes as a
partnership (or an entity that is disregarded for U.S. federal income tax purposes if the entity is treated as having only one owner or
member for U.S. federal income tax purposes) rather than as a corporation or an association taxable as a corporation. An unincorporated
entity with at least two owners or members will be classified as a partnership, rather than as a corporation, for U.S. federal income
tax purposes if it:

| · | is treated as a partnership under the Treasury Regulations relating to entity classification, or the check-the-box regulations; and |

| · | is not a “publicly traded partnership.” |

Under the check-the-box regulations,
an unincorporated entity with at least two owners or members may elect to be classified either as an association taxable as a corporation
or as a partnership. If such an entity does not make an election, it will generally be treated as a partnership (or an entity that is
disregarded for U.S. federal income tax purposes if the entity is treated as having only one owner or member for U.S. federal income tax
purposes) for U.S.