Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 267

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 267
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 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
dividends.

The redemption fee will be
equal to:

| · | Beginning                                                          
 on the date of original issuance of the shares to be redeemed: 12% |

| · | Beginning                                                                    
 one year from the date of original issuance of the shares to be redeemed: 9% |

| · | Beginning                                                                     
 two years from the date of original issuance of the shares to be redeemed: 6% |

| · | Beginning                                                                       
 three years from the date of original issuance of the shares to be redeemed: 3% |

| · | Beginning                                                                       
 four years from the date of original issuance of the shares to be redeemed: 0%. |

If a holder of shares of
Series A Redeemable Preferred Stock causes the company to redeem such shares of Series A Redeemable Preferred Stock, we have
the right, in our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock,
based on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption.

Our ability to redeem shares
of Series A Redeemable Preferred Stock in cash may be limited to the extent that we do not have sufficient funds available to fund
such cash redemption. Further, our obligation to redeem any of the shares of Series A Redeemable Preferred Stock submitted for redemption
in cash may be restricted by Maryland law. No redemptions of shares of Series A Redeemable Preferred Stock will be made in cash
at such time as the terms and provisions of any agreement to which we are a party prohibits such redemption or provides that such redemption
would constitute a breach thereof or a default thereunder. The Company further reserves the right to suspend such optional redemptions
once it has issued a redemption notice.

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