Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 264

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 264
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 all past dividend periods have been or contemporaneously
are declared and paid or declared and a sum sufficient for the payment thereof in full is set apart for payment, we will not:

| · | declare and                                                                                                                            
 pay or declare and set apart for payment dividends or declare and make any other distribution of cash or other property (other than    
 dividends or distributions paid in shares of stock ranking junior to the Series A Redeemable Preferred                                 
 Stock as to the dividend rights or rights on our liquidation, winding-up or dissolution, and options, warrants or rights to purchase   
 such shares), directly or indirectly, on or with respect to any shares of our common stock or any class or series of our stock ranking 
 junior to or on parity with the Series A Redeemable Preferred Stock as to dividend rights or rights on our liquidation, winding-up     
 or dissolution for any period; or                                                                                                      |

| · | except                                                                                                                                   
 by conversion into or exchange for shares of stock ranking junior to the Series A Redeemable Preferred Stock as to dividend              
 rights or rights on our liquidation, winding-up or dissolution, or options, warrants or rights to purchase such shares, redeem, purchase 
 or otherwise acquire (other than a redemption, purchase or other acquisition of common stock made for purposes of an employee incentive  
 or benefit plan) for any consideration, or pay or make available any monies for a sinking fund for the redemption of, any common         
 stock or any class or series of our stock ranking junior to or on parity with the Series A Redeemable Preferred Stock as to              
 dividend rights or rights on our liquidation, winding-up or dissolution.                                                                 |

To the extent necessary to preserve our status as a REIT, the foregoing sentence, however, will not prohibit declaring or paying or setting apart for payment any dividend or other distribution on our common stock or any class or series of our stock ranking junior to or on parity with the Series A Redeemable Preferred Stock as to dividend rights or rights on our liquidation, winding-up or dissolution for any period.

Holders of shares of our Series A Redeemable Preferred Stock are not eligible to participate in any future distribution reinvestment plan for the company’s common stock.

Redemption at Option of Holders. Holders will have the right to require the company to redeem shares of Series A Redeemable Preferred Stock at a redemption price equal to the Stated Value, initially $25.00 per share, less a redemption fee, plus an amount equal to any accrued but unpaid cash