Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 118

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 118
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uciary rules of title I of the Employee Retirement Income Security
Act of 1974, as amended, or ERISA, including pension or profit sharing plans and entities that hold assets of such plans, which we refer
to as ERISA Plans, and plans and accounts that are not subject to ERISA, but are subject to the prohibited transaction rules of Section 4975
of the Code, including IRAs, Keogh Plans, and medical savings accounts. (Collectively, we refer to ERISA Plans and plans subject to Section 4975
of the Code as “Benefit Plans” or “Benefit Plan Investors”). If you are investing the assets of any Benefit Plan,
you should consider whether:

| · | your investment will be consistent with your fiduciary obligations under ERISA and the Code; |

| · | your investment will be made in accordance with the documents and instruments governing the Benefit Plan, including the Plan’s investment policy; |

| · | your investment will satisfy the prudence and diversification requirements of Sections 404(a)(1)(B) and 404(a)(1)(C) of ERISA, if applicable, and other applicable provisions of ERISA and the Code; |

| · | your investment will impair the liquidity of the Benefit Plan; |

| · | your investment will produce “unrelated business taxable income” for the Benefit Plan; |

| · | you will be able to satisfy plan liquidity requirements as there may be only a limited market to sell or otherwise dispose of our Series A Redeemable Preferred Stock; and |

| · | your investment will constitute a prohibited transaction under Section 406 of ERISA or Section 4975 of the Code. |

Failure to satisfy the fiduciary
standards of conduct and other applicable requirements of ERISA and the Code may result in the imposition of civil and criminal penalties,
and can subject the fiduciary to claims for damages or for equitable remedies. In addition, if an investment in our shares constitutes
a prohibited transaction under ERISA or the Code, the fiduciary or IRA owner who authorized or directed the investment may be subject
to the imposition of excise taxes with respect to the amount invested. In the case of a prohibited transaction involving an IRA owner,
the IRA may be disqualified and all of the assets of the IRA may be deemed distributed and subjected to tax. Benefit Plan Investors should
consult with counsel before making an investment in shares of our Series A Redeemable Preferred Stock.

Plans that are not subject
to