Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 28

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 28
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 such shares of Class A common stock were sold, subject to certain conditions and requirements as set
forth in the Policy. The Policy applies both retroactively, and on a go-forward basis, to holders of the Company’s Series A Preferred
Stock.

Class A Common Stock Repurchase Plan

On
February 13, 2024, the Board authorized a stock repurchase plan for the repurchase of up to an aggregate of $5 million of the Company’s
outstanding shares of Class A common stock. The repurchase plan had a term of one year and ended in February 2025. The Company made no
repurchases of its Class A common stock under this plan.

On
February 28, 2025, the Board authorized a new stock repurchase plan for the repurchase, from time to time, of up to an aggregate of $5
million of the Company’s outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the
requirements of Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”) and subject to Rule 10b-5 of the Exchange
Act. The repurchase plan has a term of one year and may be discontinued at any time. The extent to which the Company repurchases shares
of its Class A common stock under the repurchase plan, and the timing of any such repurchases, depends on a variety of factors including
general business and market conditions and other corporate considerations. The Company expects that any repurchases of its Class A common
stock will be through open market transactions, subject to market conditions, certain price limitations and other conditions established
under the plan. Open market repurchases will be structured to occur in conformity with the method, timing, price and volume requirements
of Rule 10b-18 of the Exchange Act. As of March 31, 2025, no repurchases of Class A common stock had been made by the Company.

Operating Partnership and Long-Term Incentive Plan Units

As
of March 31, 2025, limited partners other than the Company owned approximately 69.59% of the common units of the Operating Partnership
(7,365,735 OP Units, or 56.54%, were held by OP Unit holders, and 1,700,013 LTIP Units, or 13.05%, were held by LTIP Unit holders, including
3.08% which were not vested as of March 31,