Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 361

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 361
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 amended, or ERISA) that is subject
to Title I of ERISA, a plan described in, and subject to, Section 4975 of the Code, including an individual retirement account, or
IRA, or a Keogh plan, a plan subject to provisions under applicable federal, state, local, non-U.S. or other laws or regulations that
are similar to the provisions of Title I of ERISA or Section 4975 of the Code, which we refer to as “Similar Laws,”
and any entity whose underlying assets include “plan assets” by reason of any such employee benefit or retirement plan’s
investment in such entity (each of which we refer to as a “Plan”).

General Fiduciary Matters

ERISA and the Code impose
certain duties on persons who are fiduciaries of a Plan subject to Title I of ERISA or Section 4975 of the Code (an “ERISA
Plan”) and prohibit certain transactions involving the assets of an ERISA Plan with its fiduciaries or other interested parties.
In general, under ERISA and the Code, any person who exercises any discretionary authority or control over the administration of such
an ERISA Plan or the management or disposition of the assets of such an ERISA Plan, or who renders investment advice for a fee or other
compensation (direct or indirect) to such an ERISA Plan, is generally considered to be a fiduciary of the ERISA Plan.

Plans that are governmental
plans (as defined in Section 3(32) of ERISA), certain church plans (as defined in Section 3(33) of ERISA or Section 4975(g)(3) of
the Code) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) are not subject to the requirements of ERISA or Section 4975
of the Code but may be subject to similar prohibitions under Similar Laws.

In considering the acquisition,
holding and, to the extent relevant, disposition of our Series A Redeemable Preferred Stock by an ERISA Plan, a fiduciary should
determine whether the investment is in accordance with the documents and instruments governing the Plan, whether the investment is consistent
with the Plan’s needs for liquidity to satisfy minimum and other distribution requirements and whether the investment is in accordance
with the applicable provisions of ERISA, the Code or any Similar Law relating to a fiduciary’s duties to the Plan including, without
limitation