Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 259

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 259
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 the date of such gift or devise; or                                                                                               |

| · | the                                                                              
 market price per share on the date that we, or our designee, accepts such offer. |

We may reduce the amount payable
to the Prohibited Owner by the amount of dividends and other distributions that have been paid to the Prohibited Owner and are owed by
the Prohibited Owner to the trustee. We may pay the amount of such reduction to the trustee for the benefit of the beneficiary.

“Market price”
on any date means the closing price for our stock on such date. The “closing price” refers to the last sale price for such
shares, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, for
such shares, in either case as reported in the principal consolidated transaction reporting system as reported by the primary securities
exchange or market on which our stock is then listed or quoted for trading. If our stock is not so listed or admitted to trading, the
“closing price” will mean the last quoted price, or, if not so quoted, the average of the high bid and low asked prices in
the principal automated quotation system that may then be in use or, if such shares are not quoted by any such system, the average of
the closing bid and asked prices as furnished by a professional market maker making a market in such shares selected by the board of directors
or, in the event that no trading price is available for such shares, the fair market value of shares, as determined by our board of directors.

If you acquire or attempt
or intend to acquire shares of our capital stock in violation of the foregoing restrictions, or if you owned common or preferred stock
that was transferred to a trust, then we will require you to give us immediate written notice of such event or, in the case of a proposed
or attempted transaction, at least 15 days prior written notice, and to provide us with such other information as we may request in order
to determine the effect, if any, of such transfer on our status as a REIT.

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If you own, directly or indirectly,
5% or more, or such lower percentages as required under the U.S. federal income tax laws or the regulations promulgated thereunder, of
the outstanding shares of our stock, then you must, upon request following the end of each taxable year, provide to us a written statement