Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 292

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 292
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 from                                        
 the date of original issuance of the shares to be redeemed: 9% |

| · | 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 B Redeemable Preferred Stock causes the company to redeem such shares of Series B 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 B 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 B Redeemable Preferred Stock submitted
for redemption in cash may be restricted by Maryland law. No redemptions of shares of Series B 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.

Optional Redemption Following Death or Qualifying Disability of a Holder. Subject to restrictions, we will redeem shares of Series B 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 B
Redeemable Preferred Stock that have been outstanding