Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 4

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 4
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0% cap. Our dealer manager will repay to us any excess payments made to our dealer manager over FINRA’s            
 10.0% cap if this offering is abruptly terminated before reaching the maximum amount of offering proceeds for the offering.                  |
| (4) | Our dealer manager may                                                                                                                       
 reallow all or a portion of its selling commissions attributable to a participating broker-dealer. In addition, our dealer manager           
 also may reallow a portion of the placement fee earned on the proceeds raised by a participating broker-dealer, to such participating        
 broker-dealer as a non-accountable marketing or due diligence allowance. The amount of the reallowance to any participating broker-dealer    
 will be determined by the dealer manager in its sole discretion.                                                                             |
| (5) | Selling commissions will                                                                                                                     
 not be payable in connection with advisory transactions, and may be reduced or waived at the discretion of a participating broker-dealer.    
 To the extent a participating broker-dealer reduces its selling commissions below 7.0%, the offering price per share of Series B             
 Redeemable Preferred Stock will be decreased by an amount equal to such reduction. The net proceeds to us will not be affected by            
 such a reduction in commissions and corresponding reduction in the offering price per share, and such reductions will have no effect         
 on the amount of any distributions to be received by the investor, nor on the amount of any fees to be paid by the investor.  In             
 addition, we will not pay any selling commissions in connection with the sale of shares of Series B Redeemable Preferred Stock               
 to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature                    
 or sales of shares of Series B Redeemable Preferred Stock otherwise made to a client of an investment advisor through such advisor.  No      
 volume discounts will apply. The 7.0% selling commission will not be reduced based on volume purchases, nor for any other reason             
 except as described herein.  See “Plan of Distribution—Compensation of Dealer Manager and Participating Broker-Dealers”                      
 in this prospectus for additional information regarding the reduction of selling commissions.                                                |

The dealer manager of this
offering is Bluerock Capital Markets, LLC, or Bluerock Capital Markets, an affiliate of our Manager. The dealer manager is not required
to sell any specific number or dollar amount of shares of Series B Redeemable Preferred Stock, but will use its “reasonable
best efforts” to sell the