Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 89

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 89
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 A Redeemable Preferred Stock, the holder thereof may require us to redeem,
and beginning two years from the date of original issuance, we may redeem, any such share, in each case 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. If we opt to pay the redemption price
in shares of our common stock, holders of shares of Series A Redeemable Preferred Stock may receive publicly traded shares, as we
currently expect to continue listing our Class A common stock on the NYSE American.

You will not have the opportunity to evaluate our future investments prior to purchasing shares of our Series A Redeemable Preferred Stock.

Other than the investments
disclosed in this prospectus or a supplement hereto prior to your investment, you will not have the opportunity to evaluate the economic
merits, transaction terms or other financial or operational data concerning our future investments that we have not yet identified prior
to purchasing shares of our Series A Redeemable Preferred Stock. You must rely on the Manager and our board of directors to implement
our investment policies, to evaluate our investment opportunities and to structure the terms of our investments. We may invest in any
asset class, including those that present greater risk than residential assets. Because you cannot evaluate our future investments in
advance of purchasing shares of our Series A Redeemable Preferred Stock, this offering may entail more risk than other types of offerings.
This additional risk may hinder your ability to achieve your own personal investment objectives related to portfolio diversification,
risk-adjusted investment returns and other objectives.

The payment of fees and expenses to the Manager and its affiliates andBluerock Capital Markets, LLC (the “Dealer Manager”) reduces the cash available for distribution and increases the risk that you will not be able to recover the amount of your investment in shares of our stock.

The Manager and the Dealer
Manager perform services for us, including, among other things, the selection and acquisition of our investments, the management of our
assets, the disposition of our assets, the financing of our assets and certain administrative services. We pay the Manager and its affiliates,
including the Dealer Manager, fees and expense reimbursements for these services, which will reduce the amount of cash available for further
investments or distribution to our stockholders.

We will be required to pay substantial compensation to the Manager and its affiliates