Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 352

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 352
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If we elect to pay the entire
redemption price in our Class A common stock, so long our Series A Redeemable Preferred Stock does not constitute a USRPI under
FIRPTA, the tax consequences to a non-U.S. stockholder will generally be the same as those described above for a U.S. stockholder.
If our Series A Redeemable Preferred Stock does constitute a USRPI, the redemption of our Series A Redeemable Preferred Stock
for our common stock may be a taxable exchange for a non-U.S. stockholder. However, even if our Series A Redeemable Preferred
Stock does constitute a USRPI, provided our Class A common stock also constitutes a USRPI, a non-U.S. stockholder generally
will not recognize gain or loss upon the redemption of our Series A Redeemable Preferred Stock for our Class A common stock
so long as certain FIRPTA-related reporting requirements are satisfied, except with respect to any cash attributable to a fractional share.
If our Series A Redeemable Preferred Stock does constitute a USRPI and such requirements are not satisfied, however, the redemption
will be treated as a taxable exchange of our Series A Redeemable Preferred Stock for our common stock. Such a deemed taxable exchange
would be subject to tax under FIRPTA at the rate of tax, including any applicable capital gains rates, that would apply to a U.S. stockholder
of the same type (e.g., an individual or a corporation, as the case may be) on the excess, if any, of the fair market value of such non-U.S. stockholder’s
Class A common stock received over s11,238uch non-U.S. stockholder’s adjusted basis in its Series A Redeemable
Preferred Stock. Collection of such tax will be enforced by a refundable withholding tax at a rate of 15% of the value of the common stock.

If we elect to pay the redemption
price partly in our Class A common stock and partly in cash, so long our Series A Redeemable Preferred Stock does not constitute
a USRPI under FIRPTA, the tax consequences to a non-U.S. stockholder will generally be the same as those described above for
a U.S. stockholder. If our Series A Redeemable Preferred Stock does constitute a USRPI, our Class A common stock also constitutes
a USRPI, and non-U.S. stockholder realizes gain on the redemption our