Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 297

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 297
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 all, of our assets in a transaction which results
in a change of control of the company (as general partner) unless:

| · | we receive the consent of limited partners holding more than 50% of the Partnership Units held by the limited partners (other than those held by us or our subsidiaries); |

| · | as a result of such a transaction, all limited partners (other than us or our subsidiaries) holding Partnership Units will receive for each Partnership Unit an amount of cash, securities or other property equal in value to the amount of cash, securities or other property they would have received if their Partnership Units had been converted into shares of our common stock immediately prior to such transaction, provided that, if, in connection with the transaction, a purchase, tender or exchange offer shall have been made to, and accepted by, the holders of more than 50% of the outstanding shares of our common stock, each holder of OP Units (other than us or our subsidiaries) shall be given the option to exchange such OP Units for the greatest amount of cash, securities or other property that a limited partner would have received had it (A) exercised its redemption right (described below) and (B) sold, tendered or exchanged pursuant to the offer shares of our common stock received upon exercise of the redemption right immediately prior to the expiration of the offer; or |

| · | we are the surviving entity in the transaction and either (A) our stockholders do not receive cash, securities or other property in the transaction or (B) all limited partners (other than us or our subsidiaries) receive for each Partnership Unit an amount of cash, securities or other property having a value that is no less than the greatest amount of cash, securities or other property received in the transaction by our stockholders. |

We will be able to merge or
consolidate with another entity, if immediately after such merger or consolidation, (i) substantially all of the assets of the successor
or surviving entity, other than OP Units held by us, are contributed, directly or indirectly, to our Operating Partnership as a capital
contribution in exchange for OP Units with a fair market value equal to the value of the assets so contributed as determined by the survivor
in good faith and (ii) the survivor in such merger or consolidation expressly agrees to assume all of our obligations under our partnership
agreement and such partnership agreement is amended after any such merger or consolidation so as to arrive at a new method of calculating
the amounts payable upon exercise of conversion or