Company: BHM
Filing Date: 2025-05-20
Form Type: 40-APP
Source: 0001680359-25-000316
Chunk: 4

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-20
Form: 40-APP
Chunk 4
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 (collectively with BAM, “Bluerock Control Entities”) have controlling interests in each of the Advisers, and thus may be deemed to control certain of the Regulated Funds and the Affiliated Entities. However, the Bluerock Control Entities are holding companies; they do not currently offer investment advisory services to any person, are not expected to do so in the future, and will not be the source of any Co-Investment Transactions under the requested Order. Accordingly, none of the Bluerock Control Entities have been included as Applicants.

| A. | TI+ |

TI+ is a Delaware statutory trust formed on May 25, 2012. TI+ is registered under the 1940 Act as a closed-end management investment company that operates as an interval fund pursuant to Rule 23c-3 under the 1940 Act. TI+ commenced operations on October 22, 2012. TI+ intends to qualify annually as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended (the “ Code”). TI+’s primary investment objective is to generate current income while secondarily seeking long-term capital appreciation with low to moderate volatility and low correlation to the broader markets. TI+ has a five-member board of trustees (the “ TI+ Board ”), of which three members are not “interested” persons of TI+ within the meaning of Section 2(a)(19) of the 1940 Act. 8

| B. | HI |

HI is a Delaware statutory trust formed on August 19, 2021. HI is registered under the 1940 Act as a closed-end management investment company that operates as an interval fund pursuant to Rule 23c-3 under the 1940 Act. HI commenced operations on June 21, 2022. HI intends to qualify annually as a regulated investment company under Sub-Chapter M of the Code. HI’s primary investment objective is to generate high current income, while secondarily seeking attractive, long-term risk-adjusted returns, with low correlation to the broader markets. HI has a six-member board of trustees (the “ HI Board’’ and, together with the TI+ Board, the “ Board ”), of which four members are not “interested” persons of HI within the meaning of Section 2(a)(19) of the 1940 Act.

| C. | BHM and BHM Operating Partnership |

BHM is a Maryland corporation formed on December 16, 2021. B