Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 317

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 317
---
 amount of cash, securities or other property received 
 in the transaction by our stockholders.                                                                                             |

We will be able to merge
or consolidate with another entity, if immediately after such merger or consolidation, (i) substantially all of the assets of the
successor or surviving entity, other than OP Units held by us, are contributed, directly or indirectly, to our Operating Partnership
as a capital contribution in exchange for OP Units with a fair market value equal to the value of the assets so contributed as determined
by the survivor in good faith and (ii) the survivor in such merger or consolidation expressly agrees to assume all of our obligations
under our partnership agreement and such partnership agreement is amended after any such merger or consolidation so as to arrive at a
new method of calculating the amounts payable upon exercise of conversion or redemption rights that approximates the existing method
for such calculation as closely as reasonably possible.

We also will be able to (i) transfer
all or any portion of our general partnership interest to (A) a wholly owned subsidiary or (B) a parent company, and following
such transfer may withdraw as the general partner and (ii) engage in a transaction required by 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. Consider