Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 3
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 the public offering price per share of Series A Redeemable Preferred Stock will be decreased by an amount
equal to such reduction. The Series A Redeemable Preferred Stock will rank senior to our common stock, with respect to payment of
dividends and distribution of amounts upon liquidation, dissolution or winding up. Holders of our Series A Redeemable Preferred Stock
will generally have no voting rights, except an exclusive voting right on any amendment to our charter that would alter only the contract
rights, as expressly set forth in our charter, of the Series A Redeemable Preferred Stock.

We are organized and conduct
our operations in a manner that will allow us to maintain our qualification as a real estate investment trust for U.S. federal income
tax purposes, or REIT, commencing with our taxable year ended December 31, 2022. To assist us in maintaining our qualification as
a REIT, among other purposes, our charter contains certain restrictions relating to the ownership and transfer of our capital stock. See
“Description of Capital Stock — Restrictions on Ownership and Transfer” in this prospectus.

Our Class A common stock
is listed on the NYSE American under the symbol “BHM.” On March 27, 2025, the closing price of our Class A common
stock as reported on the NYSE American was $11.77 per share. There is currently no public trading market for the Series A Redeemable
Preferred Stock, and we do not expect a market to develop. We do not intend to apply for a listing of the Series A Redeemable Preferred
Stock on any national securities exchange.

The Series A Redeemable Preferred Stock has not been rated and is subject to the risks associated with non-rated securities. You should carefully read and consider “Risk Factors” beginning on page 22 of this prospectus for a discussion of the risks that should be considered in connection with your investment in our Series A Redeemable Preferred Stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

|                                  |     | Per Share |       |     | Maximum     
 Offering(1) |             |    |
|:---------------------------------|:----|:----------|------:|:----|:------------|------------:|---:|
| Public offering price            |     | $         | 25.00 |     | $