Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 3
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 28, 2025, we will supplement the prospectus accordingly. It
is our intent, however, to conduct a continuous offering of shares of our Series A Redeemable Preferred Stock for an indefinite period
of time by filing for additional offerings thereof, subject to regulatory approval and continued compliance with the rules and regulations
of the Securities and Exchange Commission and applicable state laws. Our board of directors may elect to terminate this offering at any
time.

We will sell shares of our
Series A Redeemable Preferred Stock through Depository Trust Company, or DTC, settlement, or DTC Settlement; or, under special circumstances,
through Direct Registration System settlement, or DRS Settlement. See the section entitled “Plan of Distribution” in this
prospectus for a description of these settlement methods.

<div align='center'>Bluerock Capital Markets, LLCas Dealer Manager

Prospectus dated April 9, 2025

2

TABLE OF CONTENTS</div>

| PROSPECTUS SUMMARY                                                                    |     |   4 |
| RISK FACTORS                                                                          |     |  20 |
| CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS                            |     |  57 |
| ESTIMATED USE OF PROCEEDS                                                             |     |  59 |
| DISTRIBUTION POLICY                                                                   |     |  61 |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |     |  62 |
| OUR INDUSTRY AND MARKET OPPORTUNITY                                                   |     |  79 |
| OUR BUSINESS AND PROPERTIES                                                           |     |  85 |
| MANAGEMENT                                                                            |     |  96 |
| OUR MANAGER AND RELATED AGREEMENTS                                                    |     | 110 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS                                  |     | 117 |
| POLICIES WITH RESPECT TO CERTAIN ACTIVITIES                                           |     | 119 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                        |     | 124 |
| DESCRIPTION OF CAPITAL STOCK                                                          |     | 127 |
| IMPORTANT PROVISIONS OF MARYLAND LAW AND OUR CHARTER AND BYLAWS                       |     | 139 |
| THE OPERATING PARTNERSHIP AGREEMENT                                                   |     | 144 |
| MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS                                       |     | 151 |
| ERISA CONSIDER