Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 292

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 292
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 with each holder thereof
entitled to one vote for each $25.00 in liquidation preference.

Holders of shares of Series B
Redeemable Preferred Stock will not be entitled to vote with respect to any increase in the total number of authorized shares of our
common stock or preferred stock, any issuance or increase in the number of authorized shares of Series B Redeemable Preferred Stock
or the creation or issuance of any other class or series of capital stock, or any increase in the number of authorized shares of any
class or series of capital stock, in each case ranking on parity with or junior to the Series B Redeemable Preferred Stock with
respect to the payment of dividends and the distribution of assets upon liquidation, dissolution or winding up.

Except as described above,
holders of shares of Series B Redeemable Preferred Stock will not have any voting rights with respect to, and the consent of the
holders of shares of Series B Redeemable Preferred Stock is not required for, the taking of any corporate action, regardless of
the effect that such corporate action may have upon the powers, preferences, voting power or other rights or privileges of the Series B
Redeemable Preferred Stock.

Liquidity Events.
The purchase of shares of our Series B Redeemable Preferred Stock is intended to be a long term investment. There is currently no
public trading market for shares of our Series B Redeemable Preferred Stock, and one may never exist. As a result, our shares of
Series B Redeemable Preferred Stock should be considered as having only limited liquidity and may be illiquid. If you sell your
stock, any such sales may be made 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 B Redeemable Preferred Stock prior
to the date that is two years following the date of original issuance of the shares of Series B 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 B
Redeemable Preferred Stock, at any time or from time to time, at a redemption price calculated and payable as described under “—Series B
Redeemable Preferred Stock -- Optional Redemption by the Company,” above, plus an amount equal to all accrued and unpaid dividends
on such Series B Redeemable Preferred