Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 341

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 341
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 on its net capital gain at ordinary U.S. federal corporate income tax rates. A corporate taxpayer may deduct capital losses only to
the extent of capital gains, with unused losses being carried back three years and forward five years.

Medicare Tax. Certain U.S. stockholders who are individuals, estates or trusts and whose income exceeds certain thresholds will
be required to pay a 3.8% Medicare tax. The Medicare tax applies to, among other things, dividends and other income derived from certain
trades or business and net gains from the sale or other disposition of property, such as our Series A Redeemable Preferred Stock,
subject to certain exceptions. Our dividends and any gain from the disposition of our Series A Redeemable Preferred Stock generally
are the type of gain that is subject to the Medicare tax.

FATCA Withholding. Under the Foreign Account Tax Compliance Act, or FATCA, a U.S. withholding tax at a 30% rate will be imposed
on dividends paid to certain U.S. stockholders who own our shares through foreign accounts or foreign intermediaries if certain disclosure
requirements related to U.S. accounts or ownership are not satisfied. We will not pay any additional amounts in respect of any amounts
withheld.

Taxation of Tax-Exempt Stockholders

This section is a summary
of rules governing the U.S. federal income taxation of U.S. stockholders that are tax-exempt entities and is for general information
only. We urge tax-exempt stockholders to consult their tax advisors to determine the impact of U.S. federal, state and local income tax laws on the purchase, ownership and disposition of our Series A Redeemable Preferred Stock, including any reporting requirements.

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Tax-exempt entities, including
qualified employee pension and profit sharing trusts, and individual retirement accounts, generally are exempt from U.S. federal income
taxation. However, they are subject to taxation on their unrelated business taxable income, or UBTI. Although many investments in real
estate generate UBTI, the IRS has issued a ruling that dividend distributions from a REIT to an exempt employee pension trust do not constitute
UBTI so long as the exempt employee pension trust does not otherwise use the shares of the REIT in an unrelated trade or business of the
pension trust. Based on that ruling, amounts that we distribute to tax-exempt stockholders generally should not constitute UBTI. However,
if a tax-exempt stockholder were to