Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 244

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 244
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 own by virtue of the attribution provisions of the U.S. federal income tax laws, more than 9.8% of:

| · | the                                                                             
 total value of the aggregate of the outstanding shares of our capital stock; or |

| · | the                                                                                                                   
 total value or number (whichever is more restrictive) of the aggregate of the outstanding shares of our common stock. |

Further, our charter provides that no person may own more than 9.8% in value or in number of shares, whichever is more restrictive, of the outstanding shares of Series A Preferred Stock. We refer to these limitations regarding the ownership of our stock collectively as the “9.8% Ownership Limitation.” Further, our charter provides for certain circumstances where our board of directors may exempt (prospectively or retroactively) a person from the 9.8% Ownership Limitation and establish or increase an excepted holder limit for such person. Subject to certain conditions, our board of directors may also increase the 9.8% Ownership Limitation for one or more persons and decrease the 9.8% Ownership Limitation for all other persons. To assist us in qualifying and preserving our status as a REIT, among other purposes, our charter also contains limitations on the ownership and transfer of shares of capital stock that would:

| · | result                                                                                                                             
 in our capital stock being beneficially owned by fewer than 100 persons, determined without reference to any rules of attribution; |

| · | result                                                                          
 in our company being “closely held” under the U.S. federal income tax laws; and |

| · | cause                                                                                                                                    
 our company to own, actually or constructively, 9.8% or more of the ownership interests in a tenant of our real property, under the U.S. 
 federal income tax laws or otherwise fail to qualify as a REIT.                                                                          |

Any attempted transfer of our stock, which, if effective, would result in our stock being beneficially owned by fewer than 100 persons, will be null and void, with the intended transferee acquiring no rights in such shares of stock. If any transfer of our stock occurs which, if effective, would result in any person owning shares in violation of the other limitations described above (including the 9.8% Ownership Limitation), then that number of shares the ownership of which otherwise would cause such person to violate such limitations, rounded up to the nearest whole share, will automatically result in such shares being designated as shares-in-trust