Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 261

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 261
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 in the Operating Partnership. Therefore, no holder of Class C
common stock will have a number of votes in respect of its shares of Class C common stock that exceeds the number of shares of Class C
common stock, C-LTIP Units, LTIP Units, C-OP Units and OP Units beneficially owned by such holder. In order to implement this limitation,
the number of votes (“Class C Votes”) per share of Class C common stock beneficially owned by a holder will equal
the lesser of: (x) 50 and (y) the quotient of (A) the sum of (1) the number of shares of Class C common stock
beneficially owned by such holder plus (2) the number of C-LTIP Units beneficially owned by such holder plus (3) the
number of LTIP Units beneficially owned by such holder plus (4) the number of C-OP Units beneficially owned by such holder
plus (5) the number of OP Units beneficially owned by such holder (each of a share of Class C common stock, a C-LTIP
Unit, a LTIP Unit, a C-OP Unit and an OP Unit, a “Class C Interest”) divided by (B) the number of shares
of Class C common stock beneficially owned by such holder. If any Class C Interest is beneficially owned by more than one holder
of Class C common stock and would, in the absence of this sentence, increase the number of Class C Votes of more than one such
holder of Class C common stock by virtue of clause (y) of the immediately preceding sentence, then such Class C Interest
will only increase the number of Class C Votes of the ultimate beneficial owner of such Class C Interest that is also such a
holder of Class C common stock, and not any other holder of Class C common stock.

Shares of our Class C
common stock may be converted, or automatically convert, in certain circumstances to shares of our Class A common stock on a one-for-one
basis. Subject to the preferential rights, if any, of holders of any class or series of our stock other than our common stock and to the
provisions of our charter regarding the restrictions on the ownership and transfer of stock, the holders of our Class C common stock
will be entitled to receive distributions authorized by our board of directors and declared by us out of legally available funds after
payment of, or provision for, full cumulative distributions on and any required redemptions