Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 279

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 279
---
 at a loss. Further, except as necessary for us to maintain our qualification as a REIT as described
in “--Restrictions on Ownership and Transfer” above, we may not redeem the Series A Redeemable Preferred Stock prior
to the date that is two years following the date of original issuance of the shares of Series A Redeemable Preferred Stock to be
redeemed. On and after such date, we will have the right, but not the obligation, to redeem any or all outstanding shares of Series A
Redeemable Preferred Stock, at any time or from time to time, at a redemption price calculated and payable as described under “—6.0%
Series A Redeemable Preferred Stock -- Optional Redemption by the Company,” above, plus an amount equal to all accrued and
unpaid dividends on such Series A Redeemable Preferred Stock to and including the Redemption Date. There can be no assurance that
we will ever exercise our option to redeem any shares of Series A Redeemable Preferred Stock.

<div align='center'>132</div>

Exchange Listing. We
do not plan on making an application to list the shares of our Series A Redeemable Preferred Stock on the NYSE American, any other
national securities exchange or any other nationally recognized trading system.

Series B Redeemable Preferred Stock

The following is a brief
description of the terms of our Series B Redeemable Preferred Stock. The description of our Series B Redeemable Preferred Stock
contained herein does not purport to be complete and is qualified in its entirety by reference to the Articles Supplementary classifying
shares of our preferred stock as shares of Series B Redeemable Preferred Stock (the “Series B Articles Supplementary”),
which have been filed with the SEC.

Rank. Our Series B
Redeemable Preferred Stock ranks, with respect to dividend rights and rights upon our liquidation, winding-up or dissolution:

| · | senior to all                                                                                                                      
 classes or series of our common stock, and to any other class or series of our capital stock issued in the future unless the terms 
 of that capital stock expressly provide that it ranks senior to, or on parity with, the Series B Redeemable Preferred Stock;       |

| · | on parity with                                                                                                               
 any class or series of our capital stock, the terms of which expressly provide that it will rank on parity with the Series B 
 Redeemable Preferred Stock, including the Series A Redeemable Preferred Stock; and                                           |

| · | junior to