Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 262

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 262
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 Preferred Stock, none of which exists                                                                                 
 on the date hereof, and subject to payment of or provision for our debts and other liabilities.                                  |

Investors in the Series A
Redeemable Preferred Stock should note that holders of our Series A Redeemable Preferred Stock do not have a right to receive a return
of capital prior to holders of our common stock upon the individual sale of a property.

Stated Value. Each share of Series A Redeemable Preferred Stock has an initial “Stated Value” of $25.00, subject
to appropriate adjustment in relation to certain events as set forth in the Series A Articles Supplementary.

Dividends.
Subject to the preferential rights of the holders of any class or series of our capital stock ranking senior to our Series A
Redeemable Preferred Stock, if any such class or series is authorized in the future, the holders of Series A Redeemable Preferred
Stock are entitled to receive, when and as authorized by our board of directors and declared by us out of legally available funds, cumulative
cash dividends on each share of Series A Redeemable Preferred Stock at an annual rate of 6.0% of the Stated Value (each, a “Series A
Regular Dividend”). In addition, for each month for which the Board declares a Series A Regular Dividend, holders of shares
of the Series A Redeemable Preferred Stock will be entitled to receive an enhanced special dividend, which will be aggregated with
the Series A Regular Dividend so as to effect a dividend rate of the average one month Term Secured Overnight Financing Rate (“SOFR”)
plus 2.0%, subject to a 6.5% minimum and 8.5% maximum annual rate, calculated and paid monthly(each, a “Series A Enhanced Dividend,”
and together with the Series A Regular Dividend, a “Series A Cash Dividend”). We expect Series A Cash Dividends
will be authorized and declared on a quarterly basis, payable monthly on the 5th day of the month to holders of record as of the close
of business on the 25th day of the prior month (or if such payment date or record date is not a business day, on the immediately preceding
business day, with the same force and effect as if made on such date), unless our results of operations, our general financing conditions,
general economic conditions, applicable provisions of Maryland law or other factors make it imprudent to do so. The initial Series