Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 50

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 50
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 one year and ended in February
2025. We made no repurchases of our Class A common stock under the plan.

On
February 28, 2025, our Board authorized a new stock repurchase plan 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
repurchase plan has a term of one year and may be discontinued at any time. The extent to which we repurchase shares of our Class A common
stock under the 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 that any repurchases of our Class A common stock will be 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. As of March 31, 2025, 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 properties,
(ii) repayment of long-term debt and our revolving credit facility, (iii) capital expenditures, (iv) cash redemption requirements related
to our Series A Preferred Stock, (v) cash requirements related to our Series A Preferred Stock Safeguard Policy, and (vi) 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 facility, as well
as future acquisition or project-based borrowings. Our success in meeting these requirements will therefore depend upon our ability to
access capital. Further, our ability to access equity capital is dependent upon, among other things, general market conditions for REITs
and the capital markets generally, market perceptions about us and our asset class, and current trading prices of our securities.

As
we did in the three months ended March 31,