Company: BHM
Filing Date: 2025-08-29
Form Type: 40-APP/A
Source: 0001137439-25-001055
Chunk: 6

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-29
Form: 40-APP/A
Chunk 6
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 knowledge-economy and high quality of life growth markets of the Sunbelt and Western United States. BHM’s principal business objective is to generate attractive risk-adjusted returns on investments by acquiring residential units, developing residential communities, and through value-add renovations.

BHM conducts its businesses primarily through the BHM Operating Partnership, of which BHM is the general partner.  BHM
    Operating Partnership is neither wholly- nor majority-owned by BHM but is controlled by, and for financial reporting purposes consolidated with, BHM.

Neither BHM nor the BHM Operating Partnership are considered an investment company under Section 3(a)(1)(A) of the
    Investment Company Act because neither of them engages primarily or holds itself out as being engaged primarily in the business of investing, reinvesting or trading in securities.  In the event that BHM or the BHM Operating Partnership were to be
    deemed an investment company under Section 3(a) of the 1940 Act, BHM or the BHM Operating Partnership would be excepted from the definition of an investment company under the 1940 Act pursuant to Section 3(c)(5) or Section 3(c)(6) thereof.

BHM and the BHM Operating Partnership are externally managed and advised by Homes Manager and, accordingly, may be
    considered to be controlled by Homes Manager.

| D. | BIGR and BIGR Operating Partnership |

BIGR is a Maryland Corporation formed on May 21, 2021. BIGR is a real estate investment trust formed to invest in a
    portfolio of Class A and B industrial properties including distribution centers, warehouses, logistics and light manufacturing industrial properties, primarily in growth markets across the United States. BIGR’s investments are primarily intended to
    focus on demographically attractive growth markets with industrial inventory ranging between approximately 25 million and 300 million square feet within the contiguous U.S. BIGR’s primary investment objectives include the following: (i) the
    preservation and protection of stockholders’ capital contributions; (ii) providing current income to stockholders in the form of regular cash distributions; and (iii) generation of attractive risk-adjusted returns and capital appreciation through the
    aggregation of a well-diversified industrial portfolio.

BIGR conducts its businesses primarily through the BIGR Operating Partnership, of which BIGR is the general partner.  BIGR
    Operating Partnership is majority-owned by BIGR and, for financial reporting purposes, is consolidated with BIGR.

Neither BIGR nor the BIGR