Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 308

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 308
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 A Redeemable Preferred Stock, you should consult
your tax advisor regarding the U.S. federal income tax consequences of acquiring, holding and disposing of our Series A Redeemable
Preferred Stock by the partnership.

The statements in this section
are not intended to be, and should not be construed as, tax advice. The statements in this section are based on the Code, final, temporary
and proposed Treasury Regulations, the legislative history of the Code, current administrative interpretations and practices of the IRS,
and court decisions. The reference to IRS interpretations and practices includes the IRS practices and policies endorsed in private letter
rulings, which are not binding on the IRS except with respect to the taxpayer that receives the ruling. In each case, these sources are
relied upon as they exist on the date of this discussion. Future legislation, Treasury Regulations, administrative interpretations and
court decisions could change the current law or adversely affect existing interpretations of current law on which the information in this
section is based. Any such change could apply retroactively. We have not received any rulings from the IRS concerning our qualification
as a REIT. Accordingly, even if there is no change in the applicable law, no assurance can be provided that the statements made in the
following discussion, which do not bind the IRS or the courts, will not be challenged by the IRS or will be sustained by a court if so
challenged.

WE URGE YOU TO CONSULT YOUR TAX ADVISOR REGARDING THE SPECIFIC TAX CONSEQUENCES TO YOU OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF OUR SERIES A REDEEMABLE PREFERRED STOCK AND OF OUR ELECTION TO BE TAXED AS A REIT. WE URGE YOU TO CONSULT WITH YOUR TAX ADVISOR REGARDING THE U.S. FEDERAL, STATE, LOCAL, FOREIGN, AND OTHER TAX CONSEQUENCES OF SUCH PURCHASE, OWNERSHIP, DISPOSITION AND ELECTION, AND REGARDING POTENTIAL CHANGES IN APPLICABLE TAX LAWS.

Taxation of Our Company

REIT Qualification

We were organized on December 16,
2021 as a Maryland corporation. We have elected to be taxed as a REIT for U.S. federal income tax purposes commencing with our taxable
year ended December 31, 2022. We believe that, commencing with such taxable year, we have been organized and have operated in a manner
so as to qualify for taxation as a REIT under the U.S. federal income tax laws