Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 27

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 27
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 to apply for a listing of the Series A Redeemable Preferred Stock on any national securities exchange.                                                                                                                                                                                                                |

Covered Security. The term “covered security” applies to securities exempt from state registration because of
their oversight by federal authorities and national-level regulatory bodies pursuant to Section 18 of the Securities Act of 1933,
as amended, or the Securities Act. Generally, securities listed on national exchanges are the most common type of covered security exempt
from state registration. A non-traded security also can be a covered security if it has a seniority greater than or equal to other securities
from the same issuer that are listed on a national exchange, such as the NYSE American. Our Series A Redeemable Preferred Stock is
a covered security because it is senior to our common stock and therefore is exempt from state registration.

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There are several advantages
to both issuers and investors of a security being deemed a covered security. These include:

· More
Investors — Covered securities can be purchased by a broader range of investors than can non-covered securities. Non-covered
securities are subject to suitability requirements that vary from state to state. These so-called “Blue Sky” regulations often
prohibit the sale of securities to certain investors and may prohibit the sale of securities altogether until a specific volume of sales
have been achieved in other states.

· Issuance
Costs — Covered securities may have lower issuance costs since they avoid the expense of dealing with the various
regulations of each of the 50 states and Washington, D.C. This could save time and money and allows issuers of covered securities the
flexibility to enter the real estate markets at a time of their choosing. All of our investors would benefit from any lower issuance costs
that may be achieved.

There are several disadvantages
to investors of a security being deemed a covered security. These include:

· Lack
of Suitability Standards — Since there are no investor eligibility requirements, there is no prohibition on the sale
of the securities to certain investors, including investors that may not be suitable to purchase the securities.

· No
State Review — Investors will not receive an additional level of review and possible protection afforded by the various
state regulators.

Corporate Information

We were formed on December 16,
2021 in Maryland. The address of our principal executive office is 919 Third Avenue, 40th Floor, New York, NY 10022. Our telephone number
is (212) 843-160