Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 270

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 270
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| · | Beginning two                                                             
 years from the date of original issuance of the shares to be redeemed: 6% |

| · | Beginning three                                                           
 years from the date of original issuance of the shares to be redeemed: 3% |

| · | Beginning four                                                             
 years from the date of original issuance of the shares to be redeemed: 0%. |

If a holder of shares of
Series A Redeemable Preferred Stock causes the company to redeem such shares of Series A Redeemable Preferred Stock, we have
the right, in our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock,
based on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption.

Our ability to redeem shares
of Series A Redeemable Preferred Stock in cash may be limited to the extent that we do not have sufficient funds available to fund
such cash redemption. Further, our obligation to redeem any of the shares of Series A Redeemable Preferred Stock submitted for redemption
in cash may be restricted by Maryland law. No redemptions of shares of Series A Redeemable Preferred Stock will be made in cash
at such time as the terms and provisions of any agreement to which we are a party prohibits such redemption or provides that such redemption
would constitute a breach thereof or a default thereunder. The Company further reserves the right to suspend such optional redemptions
once it has issued a redemption notice.

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Optional Redemption Following Death or Qualifying Disability of a Holder. Subject to restrictions, we will redeem shares of Series A Redeemable Preferred
Stock held by a natural person upon his or her death or upon his or her suffering a qualifying disability, including shares held through
a revocable grantor trust, or an IRA or other retirement or profit-sharing plan, at the written request of (a) in the case of the
death of a holder, the holder’s estate, the recipient of such shares through bequest or inheritance, or, in the case of a revocable
grantor trust, the trustee of such trust, who will have the sole ability to request redemption on behalf of the trust, or (b) in
the case of the disability of a holder, the holder or the holder’s legal representative. Only shares of Series A Redeemable
Preferred Stock that have been outstanding for at least one (1) year prior to redemption are