Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 113

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 113
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 determined pursuant to negotiations among us and the dealer manager, which is an
affiliate of Bluerock, based upon the following primary factors at the time of the offering: the economic conditions in and future prospects
for the industry in which we compete; our prospects for future earnings; an assessment of our management; the state of our development;
the prevailing condition of the equity securities market; the state of the market for non-traded REIT securities; and market valuations
of public companies considered comparable to our Company. Because the offering price is not based upon any independent valuation, the
offering price is not indicative of the proceeds that an investor in the Series A Preferred Stock would receive upon liquidation.

Your percentage of ownership may become diluted if we issue new shares of stock or other securities, and issuances of additional preferred stock or other securities by us may further subordinate the rights of the holders of our common stock (which you may become upon receipt of redemption payments in shares of our Class A common stock for any of your shares of Series A Preferred Stock).

Under
the terms of our Series A Preferred Stock, we may make redemption payments in shares of our Class A common stock. Although the
dollar amounts of such payments are unknown, the number of shares to be issued in connection with such payments may fluctuate based on
the price of our Class A common stock. Any sales or perceived sales in the public market of shares of our Class A common stock
issuable upon such redemption payments could adversely affect prevailing market prices of shares of our Class A common stock. The
issuance of shares of our Class A common stock upon such redemption payments also may have the effect of reducing our net income
per share (or decreasing our net loss per share). In addition, the existence of Series A Preferred Stock may encourage short selling
by market participants because the existence of redemption payments could depress the market price of shares of our Class A common
stock.

Our
Board is authorized, without stockholder approval, to cause us to issue additional shares of our common stock or to raise capital through
the issuance of additional preferred stock (including equity or debt securities convertible into preferred stock), options, warrants and
other rights, on such terms and for such consideration as our Board in its sole discretion may determine. Any such issuance could result
in dilution of the equity of our stockholders. Our Board may, in its sole discretion, authorize us to issue common stock or other equity
or debt securities to persons from whom we purchase residential properties,