Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 263

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 263
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 actual shares of Class A common stock outstanding as of the close of business on November 18,
2025.

<div align='center'>164</div>

(15) Based
on the Schedule 13G filed with the SEC on February 13, 2025. The Radoff Family Foundation has sole voting power with respect to
344,800 shares, sole dispositive power with respect to 344,800 shares, and shared voting and/or dispositive power with respect to no
shares, in each case, of our Class A common stock. The percentage of beneficial ownership has been adjusted to reflect our actual
shares of Class A common stock outstanding as of the close of business on November 18, 2025.

(16) Based
on the Ownership Statement reflecting beneficial ownership information as of December 31, 2024 as provided to the company by Hedgehog
Capital LLC in September 2025. Hedgehog Capital LLC has sole voting power with respect to 340,756 shares, sole dispositive power
with respect to 340,756 shares, and shared voting and/or dispositive power with respect to no shares, in each case, of our Class A
common stock. The percentage of beneficial ownership has been adjusted to reflect our actual shares of Class A common stock outstanding
as of the close of business on November 18, 2025.

(17) Based
on the Schedule 13F filed with the SEC on May 14, 2025. Quinn Opportunity Partners LLC has shared voting power with respect to 227,071
shares, shared dispositive power with respect to 227,071 shares, and sole voting and/or dispositive power with respect to no shares,
in each case, of our Class A common stock. The percentage of beneficial ownership has been adjusted to reflect our actual shares
of Class A common stock outstanding as of the close of business on November 18, 2025.

<div align='center'>165

DESCRIPTION OF CAPITAL STOCK</div>

The following summary of the terms of our capital stock does not purport to be complete and is subject to and qualified in its entirety by reference to Maryland law, including the MGCL, and our charter and bylaws. The form of our bylaws and charter are filed as exhibits to the registration statement of which this prospectus is a part. See the section entitled “Additional Information.”

General

Our charter provides that
we may issue up to 1,000,000,000 shares of stock, consisting of 750