Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 288

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 288
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Redeemable Preferred Stock for which redemption notice has been given.

For purposes of the Series B
Redeemable Preferred Stock, “Change of Control” is when, after the original issuance of the Series B Redeemable Preferred
Stock, any of the following has occurred and is continuing:

| · | a “person”                                                                                                                                
 or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange                          
 Act”), other than our company, its subsidiaries, and its and their employee benefit plans, has become the direct or indirect              
 “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of our common equity representing more than                          
 50% of the total voting power of all outstanding shares of our common equity that are entitled to vote generally in the election          
 of directors (“Voting Stock”); provided, that notwithstanding the foregoing, such a transaction will not be deemed to                     
 involve a Change of Control if  (A) (i) we become a direct or indirect wholly-owned subsidiary of a holding company                       
 and (ii) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are            
 substantially the same as the holders of our Voting Stock immediately prior to that transaction, or (B) immediately prior to              
 such transaction, such person or group, together with its or their related entities, including, without limitation, any trust established 
 for the benefit of such person or any member of such group or any family member thereof (collectively, an “Ownership Group”),             
 owned sufficient interests in the Operating Partnership such that the exercise by all or any members of such Ownership Group of the       
 Common Unit Redemption Right (as defined in Section 8.04(a) of the Second Amended and Restated Agreement of Limited Partnership           
 of the Operating Partnership, as amended) with respect to such interests would result in all or any members of such Ownership Group       
 (individually or collectively) becoming the direct or indirect beneficial owner of our common equity representing more than 50% of        
 the total voting power of all outstanding shares of Voting Stock;                                                                         |

| · | consummation                                                                                                                                 
 of any share exchange, consolidation or merger of our company or any other transaction or series of transactions pursuant to which           
 our common stock will be converted into cash, securities or other property, (1) other than any such transaction where the shares             
 of our common stock outstanding immediately prior to such transaction