Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 236

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 236
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POLICIES WITH RESPECT TO CERTAIN ACTIVITIES</div>

The following is a discussion of certain of our investment, financing and other policies. These policies have been determined by our board of directors and may be amended or revised from time to time by our board of directors without a vote of our stockholders, except as set forth below. Any change to any of these policies, however, would be made by our board of directors only after a review and analysis of that change, in light of then-existing business and other circumstances, and then only if our directors believe, in the exercise of their business judgment, that it is advisable to do so and in our and our stockholders’ best interests.

Our Investment Policies

Investment in Real Estate or Interests in Real Estate

We conduct all of our investment
activities through our operating partnership and its affiliates. We own and operate a diversified portfolio of institutional residential
properties including single-family homes, build-to-rent communities, and other residential communities located in attractive markets with
a focus on the Knowledge/Quality growth markets of the Sunbelt and Western United States, which we expect should have healthy long-term
demand fundamentals for residential rentals. For a discussion of our properties and other strategic objectives, see “Our Business
and Properties.”

We seek to acquire, recapitalize,
and develop properties in our target markets in accordance with our investment guidelines. Although we intend to focus on the property
types and markets discussed above under “Our Business and Properties,” our future investment activities will not be limited
to any geographic area, product type or to a specified percentage of our assets. While we may diversify in terms of property locations,
size and market, we do not have any limit on the amount or percentage of our assets that may be invested in any one property or any one
geographic area. We intend to engage in such future investment activities in a manner that is consistent with our status as a REIT for
U.S. federal income tax purposes. In addition, we intend to purchase or lease income-producing properties for long-term investment. We
may also expand and improve the properties we will own upon completion of this offering or that we may subsequently acquire, and we may
sell such properties, in whole or in part, when circumstances warrant.

We may make adjustments based
on, among other things, prevailing real estate market conditions and the availability of attractive investment opportunities. While we
have no current intention of changing our investment policies, we might not forego an attractive investment