Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 143

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 143
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 subject to Rule 10b-5 of the Exchange
Act (the “Original Repurchase Plan”). The Original Repurchase Plan had a term of one year and ended in February 2025.
We made no repurchases of our Class A common stock under the Original Repurchase Plan. On February 28, 2025, the board of directors
authorized a new stock repurchase plan for an additional one-year term with the same terms as the Original Repurchase Plan (the “New
Repurchase Plan”), which New Repurchase Plan will expire in February 2026. The extent to which we repurchase shares of our
Class A common stock under the New 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. We expect to repurchase shares of our Class A common
stock 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. During the year ended December 31, 2024, we had not made any repurchases of our Class A
common stock.

Our primary long-term liquidity
requirements relate to (i) costs for additional residential investments, including development projects, (ii) repayment of
long-term debt and our revolving credit facilities, (iii) capital expenditures, and (iv) cash redemption requirements related
to our Series A Preferred Stock, and (v) Class A common stock repurchases under our stock repurchase plan.

We intend to finance our
long-term liquidity requirements with net proceeds of additional issuances of common and preferred stock, including issuances in connection
with the continuous registered offering of our Series A Preferred Stock, our revolving credit facilities, our DST Program, as well
as future acquisition or project-based borrowings. Our success in meeting these requirements will therefore depend upon our ability to
access capital. Further, our ability to access equity capital is dependent upon, among other things, general market conditions for REITs
and the capital markets in general, market perceptions about us and our asset class, and current trading prices of our securities.

As we did in the year ended
December 31, 2024, we may also selectively sell consolidated operating assets at appropriate times, which would be expected to generate
cash sources for both our short-term and long-term liquidity needs.