Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 93

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 93
---
 us to redeem such shares, with the redemption price payable,
in our sole discretion, in cash or in equal value of shares of our Class A common stock, based on the closing price per share of
our Class A common stock for the single trading day prior to the date of redemption. We may opt to pay the redemption price in shares
of our Class A common stock. The rights of the holders of shares of Series A Redeemable Preferred Stock rank senior to the rights
of the holders of shares of our common stock as to dividends and payments upon liquidation. Unless full cumulative dividends on shares
of our Series A Redeemable Preferred Stock for all past dividend periods have been declared and paid (or set apart for payment),
we will not declare or pay dividends with respect to any shares of our common stock for any period. Upon liquidation, dissolution or winding
up of our company, the holders of shares of our Series A Redeemable Preferred Stock are entitled to receive a liquidation preference
of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, in each case prior and in preference to any distribution
to the holders of shares of our common stock or any other class of our equity securities.

<div align='center'>48</div>

We will be able to call shares of Series A Redeemable Preferred Stock for redemption under certain circumstances without the consent of the holder.

We
will have the ability to call the outstanding shares of Series A Redeemable Preferred Stock after two years from the date of original
issuance of such shares of Series A Redeemable Preferred Stock. At that time, we will have the right to redeem, at our option, the
outstanding shares of Series A Redeemable Preferred Stock, in whole or in part, at 100% of the Stated Value per share, plus an amount
equal to any accrued and unpaid dividends.

Our requirement to redeem the Series A Redeemable Preferred Stock in the event of a Change of Control may, in either case, deter a change of control transaction otherwise in the best interests of our stockholders.

Upon
the occurrence of a Change of Control (as defined below) with respect to the Series A Redeemable Preferred Stock, we will be required
to redeem all outstanding shares of the Series A Redeemable Preferred Stock, in whole, within 60 days after the first date on
which such Change of Control occurred, in cash at a redemption price of $25.00 per share of