Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 86

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 86
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 on the
Series A Redeemable Preferred Stock. Given the potential for early redemption of the Series A Redeemable Preferred Stock, holders
of such shares may face an increased reinvestment risk, which is the risk that the return on an investment purchased with proceeds from
the sale or redemption of the Series A Redeemable Preferred Stock may be lower than the return previously obtained from the investment
in such shares. The trading price of the Class A common stock, for which the Series A Redeemable Preferred Stock may be redeemed,
may be volatile and may expose investors to additional volatility risk.

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Holders of Series A Redeemable Preferred Stock should not expect us to redeem all or any such shares on the date they first become redeemable or on any particular date after they become redeemable.

Except
in limited circumstances related to our ability to maintain our qualification as a REIT or a special optional redemption in connection
with a Change of Control, Series A Redeemable Preferred Stock may be redeemed by us at our option, either in whole or in part, only
on or after two years from the issuance date. Any decision we make at any time to propose a redemption of any such series of preferred
stock will depend upon, among other things, our evaluation of our capital position and general market conditions at the time. It is likely
that we would choose to exercise our optional redemption right only when prevailing interest rates have declined, which would adversely
affect the ability of holders of shares of the applicable series of preferred stock to reinvest proceeds from the redemption in a comparable
investment with an equal or greater yield to the yield on such series of preferred stock had their shares not been redeemed. In addition,
there is no penalty or premium payable on redemption, and the market price of the shares of such series of preferred stock may not exceed
the liquidation preference at the time the shares become redeemable for any reason.

Holders of the Series A Redeemable Preferred Stock will be subject to inflation risk.

Inflation
is the reduction in the purchasing power of money resulting from the increase in the price of goods and services. Inflation risk is the
risk that the inflation-adjusted, or “real,” value of an investment in preferred stock or the income from that investment
will be worth less in the future. As inflation occurs, the real value of the Series A Redeemable Preferred Stock and dividends payable
on such shares decline.

Holders of the Series A Redeemable