Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 92

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 92
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 we will be required to terminate any continuous offering(s) of Series B Redeemable Preferred Stock.

The
Series B Redeemable Preferred Stock are “covered securities” and therefore are not subject to registration under the
state securities, or “Blue Sky,” regulations in the various states in which it may be sold due to its seniority to our Class A
common stock, which is listed on the NYSE American. If our Class A common stock is no longer listed on the NYSE American or another
appropriate exchange, we will be required to register any offering of Series B Redeemable Preferred Stock in any state in which such
offering was subsequently made. This would require the termination of any continuous offering(s) of Series B Redeemable Preferred
Stock and could result in our raising an amount of gross proceeds that is substantially less than the amount of the gross proceeds we
expect to raise if the maximum offering amounts are sold. This would reduce our ability to make additional investments and limit the diversification
of our portfolio.

There is currently no public trading market for our Series B Redeemable Preferred Stock, and one may never exist; therefore, your ability to dispose of your shares will likely be limited.

There
is no public market for our Series B Redeemable Preferred Stock, and we currently have no plan to list the Series B Redeemable
Preferred Stock on a securities exchange or to include such shares for quotation on any national securities market. Additionally, our
charter contains restrictions on the ownership and transfer of our securities, including our Series B Redeemable Preferred Stock,
and these restrictions may inhibit the ability to sell shares of our Series B Redeemable Preferred Stock, promptly or at all. Beginning
immediately upon original issuance of any share of Series B Redeemable Preferred Stock, the holder thereof may require us to redeem,
and beginning two years from the date of original issuance, we may redeem, any such share, in each case with the redemption price
payable, in our sole discretion, in cash or in equal value of shares of our Class A common stock, based on the closing price per
share of our Class A common stock for the single trading day prior to the date of redemption. If we opt to pay the redemption price
in shares of our common stock, holders of shares of Series B Redeemable Preferred Stock may receive publicly traded shares, as we
currently expect to continue listing our Class A common stock on the NYSE American.

You will not have the opportunity to evaluate