Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 83

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 83
---
 our Class A common stock, or any combination thereof, in our sole discretion.

If
we choose to redeem shares of our Series A Redeemable Preferred Stock for Class A common stock, the holder will receive shares
of our common stock and therefore be subject to the risks of ownership thereof. Ownership of shares of our Series A Redeemable Preferred
Stock will not give you the rights of holders of our Class A common stock. Until and unless you receive shares of our Class A
common stock upon redemption, you will have only those rights applicable to holders of our Series A Redeemable Preferred Stock.

The Series A Redeemable Preferred Stock has not been rated.

We
have not sought to obtain a rating for the Series A Redeemable Preferred Stock. No assurance can be given, however, that one or more
rating agencies might not independently determine to issue such ratings or that such a rating, if issued, would not adversely affect the
market price of the Series A Redeemable Preferred Stock. In addition, we may elect in the future to obtain a rating of the Series A
Redeemable Preferred Stock, which could adversely impact the market price of the applicable series. Ratings only reflect the views of
the rating agency or agencies issuing the ratings and such ratings could be revised downward, placed on negative outlook or withdrawn
entirely at the discretion of the issuing rating agency if in its judgment circumstances so warrant. While ratings do not reflect market
prices or the suitability of a security for a particular investor, such downward revision or withdrawal of a rating could have an adverse
effect on the market price of the Series A Redeemable Preferred Stock. It is also possible that the Series A Redeemable Preferred
Stock will never be rated.

Dividend payments on the Series A Redeemable Preferred Stock are not guaranteed.

Although
dividends on the Series A Redeemable Preferred Stock are cumulative, our board of directors must approve the actual payment of such
distributions. Our board of directors can elect at any time or from time to time, and for an indefinite duration, not to pay any or all
accrued distributions. Our board of directors could do so for any reason, and may be prohibited from doing so in the following instances:

| ● | poor historical or projected cash flows;                                                                                                                                          |
| ● | the need to make payments on our indebtedness;                                                                                                                                    |
| ● | concluding that payment of distributions on any or all such series of preferred stock would cause us to breach the