Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 94

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 94
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 required
to be repaid or repurchased as a result of such event. Our failure to redeem the Series A Redeemable Preferred Stock could have material
adverse consequences for us and the holders of the Series A Redeemable Preferred Stock.

We established the offering price for the Series A Redeemable Preferred Stock pursuant to negotiations among us and our affiliated dealer manager; as a result, the actual value of an investment in the Series A Redeemable Preferred Stock may be substantially less than the amount paid.

The
selling price of the Series A Redeemable Preferred Stock was determined pursuant to negotiations among us and the dealer manager,
which is an affiliate of Bluerock, based upon the following primary factors at the time of the offering: the economic conditions in and
future prospects for the industry in which we compete; our prospects for future earnings; an assessment of our management; the state of
our development; the prevailing condition of the equity securities market; the state of the market for non-traded REIT securities; and
market valuations of public companies considered comparable to our Company. Because the offering price is not based upon any independent
valuation, the offering price is not indicative of the proceeds that an investor in the Series A Redeemable Preferred Stock would
receive upon liquidation.

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Your percentage of ownership may become diluted if we issue new shares of stock or other securities, and issuances of additional preferred stock or other securities by us may further subordinate the rights of the holders of our common stock (which you may become upon receipt of redemption payments in shares of our Class A common stock for any of your shares of Series A Redeemable Preferred Stock).

Under
the terms of our Series A Redeemable Preferred Stock, we may make redemption payments in shares of our Class A common stock.
Although the dollar amounts of such payments are unknown, the number of shares to be issued in connection with such payments may fluctuate
based on the price of our Class A common stock. Any sales or perceived sales in the public market of shares of our Class A common
stock issuable upon such redemption payments could adversely affect prevailing market prices of shares of our Class A common stock.
The issuance of shares of our Class A common stock upon such redemption payments also may have the effect of reducing our net income
per share (or decreasing our net loss per share). In addition, the existence of Series A Redeemable Preferred Stock may encourage
short selling by market participants because the existence of redemption payments