Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 3
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The Series B Redeemable Preferred Stock has not been rated and is subject to the risks associated with non-rated securities. You should carefully read and consider “Risk Factors” beginning on page 21 of this prospectus for a discussion of the risks that should be considered in connection with your investment in our Series B Redeemable Preferred Stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

|                                  |     | Per Share |       |     | Maximum     
 Offering(1) |             |    |
|:---------------------------------|:----|:----------|------:|:----|:------------|------------:|---:|
| Public offering price            |     | $         | 25.00 |     | $           | 350,000,000 | -2 |
| Selling commissions(3)(4)(5)     |     | $         |  1.75 |     | $           |  24,500,000 |    |
| Placement fee                    |     | $         |  0.75 |     | $           |  10,500,000 |    |
| Proceeds, before expenses, to us |     | $         | 22.50 |     | $           | 315,000,000 |    |

| (1) | Assumes that all shares of Series B Redeemable Preferred Stock offered in the primary offering are sold.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (2) | Initial gross proceeds.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (3) | Selling commissions and the placement fee will equal up to 7.0% and 3.0% of aggregate gross proceeds, respectively, in the offering. Each is payable to our dealer manager. We or our affiliates also may provide permissible forms of non-cash compensation to registered representatives of our dealer manager and to broker-dealers that are members of the Financial Industry Regulatory Authority (“FINRA”) and authorized by our dealer manager to sell shares of our Series B Redeemable Preferred Stock, which we refer to as participating broker-dealers. The value of such items will be considered underwriting compensation in connection with this offering, and the corresponding payments of the placement fee will be reduced by the aggregate value of such items. The combined selling commissions, placement fee and such non