Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 305

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 305
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 issuance of additional shares under any
future common stock distribution reinvestment plan, cash resulting from a waiver or deferral of fees by the Manager, or other
sources to fund distributions to our stockholders. The use of these sources to pay distributions and the ultimate repayment of any
liabilities incurred could adversely impact our ability to pay distributions in future periods, decrease the amount of cash we have
available for operations and new investments and/or potentially impact the value or result in dilution of your investment by
creating future liabilities, reducing the return on your investment or otherwise.”

Amounts available for distributions
will be affected by our expenses, including any fees paid and distributions made to the Manager and any of its affiliates. The amounts
available for distributions will also be affected by any distributions made to the holders of OP Units.

There can be no assurances
that the current distribution rate or amount per share will be maintained. In the near-term, we expect that we may need to continue to
rely on sources other than cash flows from operations, as determined on a GAAP basis, to pay cash distributions, which if insufficient
could negatively impact our ability to pay cash distributions.

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Business Combinations

Under the MGCL, certain business
combinations between a Maryland corporation and an interested stockholder or the interested stockholder’s affiliate are prohibited
for five years after the most recent date on which the stockholder becomes an interested stockholder. For this purpose, the term “business
combinations” includes mergers, consolidations, share exchanges, or, in circumstances specified in the statute, asset transfers
and issuances or reclassifications of equity securities. An “interested stockholder” is defined for this purpose as: (i) any
person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s outstanding voting stock
after the date on which the corporation has 100 or more beneficial owners of its stock; or (ii) an affiliate or associate of the
corporation who, at any time within the two-year period prior to the date in question, was the beneficial owner, directly or indirectly,
of 10% or more of the voting power of the then outstanding stock of the corporation after the date on which the corporation has 100 or
more beneficial owners of its stock. A person is not an interested stockholder under the MGCL if the board of directors approved in advance
the transaction by which the person otherwise would become