Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 112

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 112
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 of directors, with the exception of (A) the formation of a holding company, or (B)     
 immediately prior to such transaction, such person or group, together with its or their related entities, including, without limitation,   
 any trust established for the benefit of such person or any member of such group or any family member thereof (collectively, an “Ownership 
 Group”), owned                                                                                                                             
 sufficient interests in the Operating                                                                                                      
 Partnership such                                                                                                                           
 that the exercise by all or any members of such Ownership Group of the Common Unit Redemption Right (as defined in Section 8.04(a) of      
 the Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as amended) with respect to such interests  
 would result in all or any members of such Ownership Group (individually or collectively) becoming the direct or indirect beneficial owner 
 of our common equity representing more than 50% of the total voting power of all outstanding shares of Voting Stock;                       |

| ● | consummation                                                                                                                                  
 of any share exchange, consolidation or merger of our Company or any other transaction or series of transactions pursuant to which our        
 common stock will be converted into cash, securities or other property, (1) other than any such transaction where the shares of our common    
 stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the common stock    
 of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction, 
 and (2) expressly excluding any such transaction preceded by our Company’s acquisition of the capital stock of another company for            
 cash, securities or other property, whether directly or indirectly through one of our subsidiaries, as a precursor to such transactions;      
 or                                                                                                                                            |

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 Preferred Stock, and any guarantees or indebtedness that may be required to be repaid or repurchased as a result of such event. Our failure to redeem the Series A Preferred Stock could have material adverse consequences for us and the holders of the Series A Preferred Stock.

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Table of Contents

We established the offering price for the Series A Preferred Stock pursuant to negotiations among us and our affiliated dealer manager; as a result, the actual value of an investment in the Series A Preferred Stock may be substantially less than the amount paid.

The
selling price of the Series A Preferred Stock was