Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 93

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 93
---
 in preference to any distribution
to the holders of shares of our common stock or any other class of our equity securities.

<div align='center'>46</div>

We will be able to call shares of Series A Redeemable Preferred Stock for redemption under certain circumstances without the consent of the holder.

We
will have the ability to call the outstanding shares of Series A Redeemable Preferred Stock after two years from the date of original
issuance of such shares of Series A Redeemable Preferred Stock. At that time, we will have the right to redeem, at our option, the
outstanding shares of Series A Redeemable Preferred Stock, in whole or in part, at 100% of the Stated Value per share, plus an amount
equal to any accrued and unpaid dividends.

Our requirement to redeem the Series A Redeemable Preferred Stock in the event of a Change of Control may, in either case, deter a change of control transaction otherwise in the best interests of our stockholders.

Upon
the occurrence of a Change of Control (as defined below) with respect to the Series A Redeemable Preferred Stock, we will be required
to redeem all outstanding shares of the Series A Redeemable Preferred Stock, in whole, within 60 days after the first date on
which such Change of Control occurred, in cash at a redemption price of $25.00 per share of Series A Redeemable Preferred Stock;
plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date. The mandatory redemption feature
of each share of the Series A Redeemable Preferred Stock in connection with a Change of Control may each have the effect of inhibiting
a third party from making an acquisition proposal for the company, or of delaying, deferring or preventing a change of control of the
company, under circumstances that otherwise could provide the holders of our common stock and/or Series A Redeemable Preferred Stock
with the opportunity for liquidity or the opportunity to realize a premium over the then-current market price or that stockholders may
otherwise believe is in their best interests.

A “Change of Control”
is when after the initial issuance of the Series A Redeemable Preferred Stock any of the following has occurred and is continuing:

In
addition, if we experience a Change of Control, there can be no assurance that we would have sufficient financial resources available
to satisfy our obligations to redeem the Series A Redeemable Preferred Stock, and any guarantees or indebtedness that may be