Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 67

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 67
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 as the risk of changes in interest rates, will not be treated as gross income for purposes of either the 75%
Gross Income Test or the 95% Gross Income Test if specific requirements are met. Such requirements include that the hedging transaction
be properly identified within prescribed time periods and that the transaction either (1) hedge risks associated with indebtedness
issued by us that is incurred to acquire or carry real estate assets, (2) manage the risks of currency fluctuations with respect
to income or gain that qualifies under the 75% Gross Income Test or 95% Gross Income Test (or assets that generate such income), or (3) offset
a transaction described in (1) or (2) if a portion of the hedge indebtedness is extinguished or the related property disposed
of. To the extent that we do not properly identify such transactions as hedges, hedge with other types of financial instruments, or hedge
other types of indebtedness, the income from those transactions is not likely to be treated as qualifying income for purposes of the 75%
Gross Income Test and the 95% Gross Income Test. As a result of these rules, we may have to limit the use of hedging techniques that might
otherwise be advantageous, which could result in greater risks associated with interest rate or other changes than we would otherwise
incur.

You may not receive any profits resulting from the sale of one of our properties, or receive such profits in a timely manner, because we may provide financing for the purchaser of such property.

If we liquidate our company,
you may experience a delay before receiving your share of the proceeds of such liquidation. In a forced or voluntary liquidation, we may
sell our properties either subject to or upon the assumption of any then-outstanding mortgage debt or, alternatively, may provide financing
to purchasers. We may take a purchase-money obligation secured by a mortgage as partial payment. We do not have any limitations or restrictions
on our taking such purchase-money obligations. To the extent that we receive promissory notes or other property instead of cash from sales,
such proceeds, other than any interest payable on those proceeds, will not be included in net sale proceeds until and to the extent the
promissory notes or other property are actually paid, sold, refinanced or otherwise disposed of. In certain cases, we may receive initial
down payments in the year of sale in an amount less than the selling price and subsequent payments may be spread over a number of years.
In such