Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 257

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 257
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 the event causing the shares to be held in trust; or                                                             |

| · | the                                                                                                                                  
 price per share received by the trustee from the sale or other disposition of such shares-in-trust, net of any commissions and other 
 expenses of sale.                                                                                                                    |

The trustee may reduce the amount payable to the Prohibited Owner by the amount of dividends and other distributions that have been paid to the Prohibited Owner and are owed by the Prohibited Owner to the trustee. The trust will distribute to the beneficiary any amounts received by the trust in excess of the amounts to be paid to the Prohibited Owner. If, prior to our discovery that shares of our stock have been transferred to the trust, the shares are sold by the proposed transferee, then the shares will be deemed to have been sold on behalf of the trust and, to the extent that the Prohibited Owner received an amount for the shares that exceeds the amount the Prohibited Owner was entitled to receive, the excess shall be paid to the trustee upon demand.

In addition, the shares-in-trust will be deemed to have been offered for sale to us, or our designee, at a price per share equal to the lesser of:

| · | the                                                                                                                                  
 price per share in the transaction that created such shares-in-trust or, in the case of a gift or devise, the market price per share 
 on the date of such gift or devise; or                                                                                               |

| · | the                                                                              
 market price per share on the date that we, or our designee, accepts such offer. |

We may reduce the amount payable
to the Prohibited Owner by the amount of dividends and other distributions that have been paid to the Prohibited Owner and are owed by
the Prohibited Owner to the trustee. We may pay the amount of such reduction to the trustee for the benefit of the beneficiary.

“Market price”
on any date means the closing price for our stock on such date. The “closing price” refers to the last sale price for such
shares, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, for
such shares, in either case as reported in the principal consolidated transaction reporting system as reported by the primary securities
exchange or market on which our stock is then listed or quoted for trading. If our stock is not so listed or admitted to trading, the
“closing price” will mean the last quoted price, or, if not so quoted, the average