Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 104

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 104
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 the return on an investment purchased with proceeds from the sale or redemption of the Series A Preferred
Stock may be lower than the return previously obtained from the investment in such shares. The trading price of the Class A common
stock, for which the Series A Preferred Stock may be redeemed, may be volatile and may expose investors to additional volatility
risk.

Holders of Series A Preferred Stock should not expect us to redeem all or any such shares on the date they first become redeemable or on any particular date after they become redeemable.

Except
in limited circumstances related to our ability to maintain our qualification as a REIT or a special optional redemption in connection
with a Change of Control, Series A Preferred Stock may be redeemed by us at our option, either in whole or in part, only on or after
two years from the issuance date. Any decision we make at any time to propose a redemption of any such series of preferred stock
will depend upon, among other things, our evaluation of our capital position and general market conditions at the time. It is likely that
we would choose to exercise our optional redemption right only when prevailing interest rates have declined, which would adversely affect
the ability of holders of shares of the applicable series of preferred stock to reinvest proceeds from the redemption in a comparable
investment with an equal or greater yield to the yield on such series of preferred stock had their shares not been redeemed. In addition,
there is no penalty or premium payable on redemption, and the market price of the shares of such series of preferred stock may not exceed
the liquidation preference at the time the shares become redeemable for any reason.

Holders of the Series A Preferred Stock will be subject to inflation risk.

Inflation
is the reduction in the purchasing power of money resulting from the increase in the price of goods and services. Inflation risk is the
risk that the inflation-adjusted, or “real,” value of an investment in preferred stock or the income from that investment
will be worth less in the future. As inflation occurs, the real value of the Series A Preferred Stock and dividends payable on such
shares decline.

Holders of the Series A Preferred Stock have extremely limited voting rights.

The
voting rights of holders of shares of Series A Preferred Stock will be extremely limited. Our common stock is the only class or series
of our stock carrying full voting rights. Holders of Series A Preferred Stock will have certain limited voting rights with respect
to amendments to our charter that alter only the contract rights set forth therein