Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 141

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 141
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 the significant volatility in the trading price of REIT equities and our
otherwise stable financial condition and liquidity position, we cannot provide assurances that these offerings are a likely source of
capital to meet short-term liquidity needs.

On February 13, 2024,
our board of directors authorized a stock repurchase plan that provided for the repurchase, from time to time, of up to an aggregate
of $5 million of our outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the requirements
of Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”) and subject to Rule 10b-5 of the Exchange
Act (the “Original Repurchase Plan”). The Original Repurchase Plan had a term of one year and ended in February 2025.
We made no repurchases of our Class A common stock under the Original Repurchase Plan. On February 28, 2025, the board of directors
authorized a new stock repurchase plan for an additional one-year term with the same terms as the Original Repurchase Plan (the “New
Repurchase Plan”), which New Repurchase Plan will expire in February 2026. The extent to which we repurchase shares of our
Class A common stock under the New Repurchase Plan, and the timing of any such repurchases, depends on a variety of factors including
general business and market conditions and other corporate considerations. We expect to repurchase shares of our Class A common
stock through open market transactions subject to market conditions, certain price limitations and other conditions established under
the plan. Open market repurchases will be structured to occur in conformity with the method, timing, price and volume requirements of
Rule 10b-18 of the Exchange Act. During the year ended December 31, 2024, we had not made any repurchases of our Class A
common stock.

Our primary long-term liquidity
requirements relate to (i) costs for additional residential investments, including development projects, (ii) repayment of
long-term debt and our revolving credit facilities, (iii) capital expenditures, and (iv) cash redemption requirements related
to our Series A Preferred Stock, and (v) Class A common stock repurchases under our stock repurchase plan.

We intend to finance our
long-term liquidity requirements with net proceeds of additional issuances of common and preferred stock, including issuances in connection
with the continuous registered offering of our Series A Preferred Stock, our revolving credit