Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 3
---
 to us any excess payments made to our dealer manager over FINRA’s            
 10.0% cap if this offering is abruptly terminated before reaching the maximum amount of offering proceeds for the offering.                  |
| (4) | Our dealer manager may                                                                                                                       
 reallow all or a portion of its selling commissions attributable to a participating broker-dealer. In addition, our dealer manager           
 also may reallow a portion of the placement fee earned on the proceeds raised by a participating broker-dealer, to such participating        
 broker-dealer as a non-accountable marketing or due diligence allowance. The amount of the reallowance to any participating broker-dealer    
 will be determined by the dealer manager in its sole discretion.                                                                             |
| (5) | To the extent a participating                                                                                                                
 broker-dealer reduces its selling commissions below 7.0%, the offering price per share of Series B Redeemable Preferred Stock                
 will be decreased by an amount equal to such reduction. See “Plan of Distribution.”                                                          |

The dealer manager of this
offering is Bluerock Capital Markets, LLC, or Bluerock Capital Markets, an affiliate of our Manager. The dealer manager is not required
to sell any specific number or dollar amount of shares of Series B Redeemable Preferred Stock, but will use its “reasonable
best efforts” to sell the shares of Series B Redeemable Preferred Stock offered. The minimum permitted purchase is generally
$5,000, but purchases of less than $5,000 may be made in the sole discretion of the dealer manager. We expect to sell up to 14,000,000 shares
of our Series B Redeemable Preferred Stock in this offering by , 2027,
which may be extended through , 2028, in our sole discretion. If we extend
the offering period beyond , 2027, we will supplement the prospectus accordingly.
It is our intent, however, to conduct a continuous offering of shares of our Series B Redeemable Preferred Stock for an indefinite
period of time by filing for additional offerings thereof, subject to regulatory approval and continued compliance with the rules and
regulations of the Securities and Exchange Commission (the “SEC”) and applicable state laws. Our board of directors may elect
to terminate this offering at any time.

We will sell shares of our
Series B Redeemable Preferred Stock through Depository Trust Company, or DTC, settlement, or DTC Settlement; or, under special circumstances,
through Direct Registration System settlement, or D