Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 125

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 125
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 are necessary and desirable to preserve our qualification
as a REIT. Unless exempted, prospectively or retroactively, by our Board, our charter prohibits any person from beneficially or constructively
owning more than 9.8% in value of the aggregate of our outstanding shares of capital stock or 9.8% in value or number of shares, whichever
is more restrictive, of the outstanding shares of our common stock. Our Board may not grant an exemption from these restrictions to any
proposed transferee whose ownership in excess of such thresholds does not satisfy certain conditions designed to ensure that we will not
fail to qualify as a REIT. These restrictions on transferability and ownership will not apply, however, if our Board determines that it
is no longer in our best interest to continue to qualify as a REIT or that compliance is no longer required for REIT qualification.

A limit on the percentage of our capital stock and common stock a person may own may discourage a takeover or business combination, which could prevent our common stockholders from realizing a premium price for their common stock.

Our
charter restricts direct or indirect ownership by one person or entity to no more than 9.8%, in value, of the outstanding shares of all
classes and series of our capital stock or 9.8% in value or by number of shares, whichever is more restrictive, of the outstanding shares
of our common stock unless exempted (prospectively or retroactively) by our Board. This restriction may have the effect of delaying, deferring
or preventing a change in control of us, including an extraordinary transaction (such as a merger, tender offer or sale of all or substantially
all of our assets) that might provide a premium price to our stockholders.

Our charter permits our Board to issue stock with terms that may subordinate the rights of our common stockholders or discourage a third party from acquiring us in a manner that could result in a premium price to our stockholders.

Our
Board may amend our charter from time to time to increase or decrease the aggregate number of shares of stock or the number of shares
of stock of any class or series that we have authority to issue and may classify or reclassify any unissued common stock or preferred
stock into other classes or series of stock and establish the preferences, conversion or other rights, voting powers, restrictions, limitations
as to dividends or other distributions, qualifications and terms or conditions of redemption of any such stock. Our Board has authorized
a total of