Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 120

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 120
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 payment of dividends, and our ability to pay future distributions at the dividend             
 rates set forth in this prospectus;                                                                                                     |

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| · | our ability                              
 to maintain our qualification as a REIT; |

| · | litigation, including costs associated with prosecuting or defending claims and any adverse outcomes;                                                                                                                                                 |
| · | possible environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us or a subsidiary owned by us or acquired by us; and |

| · | the impact                                                                                                                        
 of epidemics, pandemics, or other outbreaks of illness, disease or virus (including the novel coronavirus (“COVID-19”)            
 and its variants) and the actions taken by government authorities and other factors related thereto, including the ability of our 
 company, our properties and our tenants to operate.                                                                               |

Any of the assumptions underlying
forward-looking statements could be inaccurate. You are cautioned not to place undue reliance on any forward-looking statements included
in this prospectus. All forward-looking statements speak only as of their respective dates and the risk that actual results will differ
materially from the expectations expressed in this prospectus will increase with the passage of time. Except as otherwise required by
the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result
of new information, future events, changed circumstances or any other reason. In light of the significant uncertainties inherent in the
forward-looking statements included in this prospectus, including, without limitation, the risks described under “Risk Factors,”
the inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives
and plans set forth in this prospectus will be achieved.

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ESTIMATED USE OF PROCEEDS</div>

The following table sets
forth our estimated use of proceeds from this offering, assuming that we sell the maximum of 20,000,000 shares of our Series A Redeemable
Preferred Stock in this offering at the public offering price of $25.00 per share for maximum gross offering proceeds of
$500 million. However, the number of shares of our Series A Redeemable Preferred Stock to be offered and other terms of the offering
under this prospectus may vary from these assumptions.

<div align='center'>Estimated Application of Offering Proceeds</div>

|                                    |     | Maximum Offering