Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 299

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 299
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 law or by the rules of any national
securities exchange on which shares of our common stock are listed.

Limited partners may not transfer
their Partnership Units without our consent, as our Operating Partnership’s general partner.

Issuance of Additional Limited Partnership Interests

As the sole general partner
of our Operating Partnership, we will be authorized, without the consent of the limited partners, to cause our Operating Partnership to
issue additional limited partnership interests to us, to other limited partners or to other persons for such consideration and on such
terms and conditions as we deem appropriate. If additional limited partnership interests are issued to us, then, unless the additional
limited partnership interests are issued in connection with a contribution of property to our Operating Partnership, we will be required
to (1) issue additional shares of our common stock and contribute to our Operating Partnership the entire proceeds received by us
from such issuance or (2) issue additional limited partnership interests to all limited partners in proportion to their respective
interests in our Operating Partnership. In addition, we will be able to cause our Operating Partnership to issue to us additional limited
partnership interests in different series or classes, which may be senior to the existing Partnership Units, in connection with an offering
of our securities having substantially similar rights, in which the proceeds thereof are contributed to our Operating Partnership. Consideration
for additional limited partnership interests may be cash or other property or assets. No person, including any partner or assignee, will
have any preemptive, preferential or similar rights with respect to additional capital contributions to our Operating Partnership or the
issuance or sale of any partnership interests therein.

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Our Operating Partnership
may issue limited partnership interests that are OP Units, limited partnership interests that are preferred as to distributions and upon
liquidation to our OP Units, LTIP Units, and other types of units with such rights and obligations as may be established by us, as the
sole general partner of our Operating Partnership, from time to time.

Redemption Rights

Pursuant to the partnership
agreement, any holders of OP Units, other than us or our subsidiaries, will receive redemption rights, which will enable them to cause
our Operating Partnership to redeem their OP Units in exchange for cash or, at our option, shares of our common stock. The cash redemption
amount per share of common stock will be based on the market price of our common stock at the time of redemption, multiplied by the conversion
ratio set forth in our