Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 264

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 264
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 these restrictions on request and without charge.

The ownership limit in our
charter may have the effect of delaying, deferring or preventing a takeover or other transaction or change in control of our company
that might involve a premium price for your shares or otherwise be in your interest as a stockholder. The restrictions on ownership and
transfer of our stock described above could delay, defer or prevent a transaction or a change in control that might involve a premium
price for our common stock or otherwise be in the best interests of our stockholders.

Class C Common Stock

Our Class C common stock
will be equivalent in all material respects to, and rank on parity with, our common stock, except that each share of Class C common
stock will entitle the holder thereof to up to 50 votes. A holder of Class C common stock will not be entitled to a number of votes
in excess of the number of its direct and indirect economic interests in the Operating Partnership. Therefore, no holder of Class C
common stock will have a number of votes in respect of its shares of Class C common stock that exceeds the number of shares of Class C
common stock, C-LTIP Units, LTIP Units, C-OP Units and OP Units beneficially owned by such holder. In order to implement this limitation,
the number of votes (“Class C Votes”) per share of Class C common stock beneficially owned by a holder will equal
the lesser of: (x) 50 and (y) the quotient of (A) the sum of (1) the number of shares of Class C common stock
beneficially owned by such holder plus (2) the number of C-LTIP Units beneficially owned by such holder plus (3) the
number of LTIP Units beneficially owned by such holder plus (4) the number of C-OP Units beneficially owned by such holder
plus (5) the number of OP Units beneficially owned by such holder (each of a share of Class C common stock, a C-LTIP
Unit, a LTIP Unit, a C-OP Unit and an OP Unit, a “Class C Interest”) divided by (B) the number of shares
of Class C common stock beneficially owned by such holder. If any Class C Interest is beneficially owned by more than one holder
of Class C common stock and would, in the absence of this sentence, increase the number of Class C Votes of more than one such
holder of Class C common stock by