Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 237

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 237
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 manage and control the joint venture. We will seek to obtain certain approval rights                                         
 in joint ventures we do not control. For proposed joint ventures in which we are to share control with another entity, we will consider 
 procedures to address decisions in the event of an impasse.                                                                             |

| · | Our                                                                                            
 ability to exit a joint venture. We will consider requiring buy/sell rights, redemption rights 
 or forced liquidation rights to allow us to control the timing of our exit.                    |

| · | Our                                                                                                                  
 ability to control transfers of interests held by other partners to the venture. We will consider                    
 requiring consent provisions, rights of first refusal, and or forced redemption rights in connection with transfers. |

Investments in Real Estate Mortgages

Although we have no current
intention of doing so, we may, at the discretion of our board of directors, invest in mortgages and other types of real estate interests
consistent with our qualification as a REIT. If we choose to invest in mortgages, we would expect to invest in mortgages secured by residential
properties. However, there is no restriction on the proportion of our assets that may be invested in a type of mortgage or any single
mortgage.

Investments in real estate
mortgages run the risk that one or more borrowers may default under certain mortgages and that the collateral securing certain mortgages
may not be sufficient to enable us to recoup our full investment. We do not presently intend to invest in real estate mortgages. We will
limit any investments in securities so that we do not fall within the definition of an investment company under the Investment Company
Act.

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Investments in Securities of or Interests in Persons Primarily Engaged in Real Estate Activities and Other Issuers

Although we have no current
intention of doing so, subject to the percentage of ownership limitations, asset tests and gross income tests necessary for REIT qualification,
we may invest, without stockholder approval, in securities of other REITs, other entities engaged in real estate activities or other issuers,
including for the purpose of exercising control over such entities. We may invest in the debt or equity securities of such entities, including
for the purpose of exercising control over such entities. We have no current plans to invest in entities that are not engaged in real
estate activities. While we may attempt to diversify our investments, in terms of property locations, size and market, we do not have
any limit on the amount or percentage of our