Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 93

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 93
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 redeem some or all of the Series B Redeemable Preferred Stock, for cash or equal value of shares of our Class A
common stock, two years after the issuance date. Any such redemptions may occur at a time that is unfavorable to holders of such preferred
stock. We may have an incentive to voluntarily redeem shares of Series B Redeemable Preferred Stock, if market conditions allow
us to issue other preferred stock or debt securities at an interest or distribution rate that is lower than the distribution rate on
the applicable series of preferred stock. Given the potential for early redemption of the Series B Redeemable Preferred Stock, holders
of such shares may face an increased reinvestment risk, which is the risk that the return on an investment purchased with proceeds from
the sale or redemption of the Series B Redeemable Preferred Stock may be lower than the return previously obtained from the investment
in such shares.

Our ability to redeem the Series B Redeemable Preferred Stock may subject investors to certain risks, including reinvestment risk and volatility risk.

Beginning two years following
the date of original issuance of the shares of Series B Redeemable Preferred Stock to be redeemed, we may voluntarily redeem some
or all of such Series B Redeemable Preferred Stock for cash or shares of our Class A common stock, in our sole discretion.
Any redemption of Series B Redeemable Preferred Stock may occur at a time that is unfavorable to holders of the Series B Redeemable
Preferred Stock. We may have an incentive to redeem the Series B Redeemable Preferred Stock voluntarily if market conditions allow
us to issue other preferred stock or debt securities at an interest or distribution rate that is lower than the distribution rate on
the Series B Redeemable Preferred Stock. Given the potential for early redemption of the Series B Redeemable Preferred Stock,
holders of such shares may face an increased reinvestment risk, which is the risk that the return on an investment purchased with proceeds
from the sale or redemption of the Series B Redeemable Preferred Stock may be lower than the return previously obtained from the
investment in such shares. The trading price of the Class A common stock, for which the Series B Redeemable Preferred Stock
may be redeemed, may be volatile and may expose investors to additional volatility risk.

Holders of Series B Redeemable Preferred Stock should not expect us to redeem all or any such shares on the date they first become redeemable or on any particular date after they become redeemable.

Except
in limited circumstances related to our ability