Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 266

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 266
---
holders, likely reducing the amount common stockholders and junior preferred stockholders, if any, would otherwise
receive upon such an occurrence. In addition, under certain circumstances, the issuance of additional preferred stock may delay, prevent,
render more difficult or tend to discourage the following:

| · | a merger tender offer, or proxy 
 contest;                        |

| · | the assumption of control by a holder  
 of a large block of our securities; or |

| · | the removal of incumbent management. |

Also, subject to certain
restrictions, our board of directors, without stockholder approval, may issue additional preferred stock with voting and conversion rights
that could adversely affect the holders of common stock or preferred stock.

6.0% Series A Redeemable Preferred Stock

The following is a brief
description of the terms of our Series A Redeemable Preferred Stock. The description of our Series A 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 A Redeemable Preferred Stock (the “Series A Articles Supplementary”),
which have been filed with the SEC.

Rank. Our Series A
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 A 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 A 
 Redeemable Preferred Stock, including the Series B Redeemable Preferred Stock; and                                           |

| · | junior to any                                                                                                                         
 other class or series of our capital stock, the terms of which expressly provide that it will rank senior to the Series A Redeemable  
 Preferred Stock, none of which exists on the date hereof, and subject to payment of or provision for our debts and other liabilities. |

Investors in the Series A
Redeemable Preferred Stock should note that holders of our Series A Redeemable Preferred Stock do not have a right to receive a
return of capital prior to holders of our common stock upon the individual sale of a property.

St