Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 100

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 100
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121.0 million outstanding under our revolving
credit facilities. We may incur significant additional debt in the future. The Series A Preferred Stock is subordinate to all of our existing
and future debt and liabilities and those of our subsidiaries. Our future debt may include restrictions on our ability to pay dividends
to preferred stockholders in the event of a default under the debt facilities or under other circumstances. In addition, our charter currently
authorizes the issuance of up to 250,000,000 shares of preferred stock in one or more classes or series, of which 30,000,000 have been
classified as shares of Series A Preferred Stock. As of December 31, 2024, we had issued and outstanding 4,628,681 shares of Series A
Preferred Stock. The issuance of additional preferred stock on parity with or senior to the Series A Preferred Stock or any other class
or series of preferred stock would dilute the interests of the holders of shares of preferred stock of the applicable class or series,
and any issuance of preferred stock senior to the Series A Preferred Stock or any other class or series of preferred stock, or any issuance
of additional indebtedness, could affect our ability to pay dividends on, redeem or pay the liquidation preference on any or all of the
foregoing class or series of preferred stock. We may issue preferred stock on parity with the Series A Preferred Stock without the consent
of the holders of shares of Series A Preferred Stock. Other than the right of holders to cause us to redeem the Series A Preferred Stock
upon a Change of Control (as defined below), none of the provisions relating to the Series A Preferred Stock or any other class or series
of preferred stock relate to or limit our indebtedness or afford the holders of shares thereof protection in the event of a highly leveraged
or other transaction, including a merger or the sale, lease or conveyance of all or substantially all our assets or business, that might
adversely affect the holders of such shares.

In the event a holder of our Series A Preferred Stock exercises their redemption option we may redeem such shares of Series A Preferred Stock either for cash, or for shares of our Class A common stock, or any combination thereof, in our sole discretion.

If
we choose to redeem shares of our Series A Preferred Stock for Class A common stock, the holder will receive shares of our common stock
and therefore be subject to the risks of ownership thereof. Ownership of shares of our Series A Preferred Stock will not give you the