Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 96

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 96
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 including the redemption date. The mandatory redemption feature
of each share of the Series B Redeemable Preferred Stock in connection with a Change of Control may each have the effect of inhibiting
a third party from making an acquisition proposal for the company, or of delaying, deferring or preventing a change of control of the
company, under circumstances that otherwise could provide the holders of our common stock and/or Series B Redeemable Preferred Stock
with the opportunity for liquidity or the opportunity to realize a premium over the then-current market price or that stockholders may
otherwise believe is in their best interests.

A “Change of Control”
is when after the initial issuance of the Series B Redeemable Preferred Stock any of the following has occurred and is continuing:

In
addition, if we experience a Change of Control, there can be no assurance that we would have sufficient financial resources available
to satisfy our obligations to redeem the Series B Redeemable Preferred Stock, and any guarantees or indebtedness that may be required
to be repaid or repurchased as a result of such event. Our failure to redeem the Series B Redeemable Preferred Stock could have material
adverse consequences for us and the holders of the Series B Redeemable Preferred Stock.

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We established the offering price for the Series B Redeemable Preferred Stock pursuant to negotiations among us and our affiliated dealer manager; as a result, the actual value of an investment in the Series B Redeemable Preferred Stock may be substantially less than the amount paid.

The
selling price of the Series B Redeemable Preferred Stock was determined pursuant to negotiations among us and the dealer manager,
which is an affiliate of Bluerock, based upon the following primary factors at the time of the offering: the economic conditions in and
future prospects for the industry in which we compete; our prospects for future earnings; an assessment of our management; the state of
our development; the prevailing condition of the equity securities market; the state of the market for non-traded REIT securities; and
market valuations of public companies considered comparable to our Company. Because the offering price is not based upon any independent
valuation, the offering price is not indicative of the proceeds that an investor in the Series B Redeemable Preferred Stock would
receive upon liquidation.

Your percentage of ownership may become diluted if we issue new shares of stock or other securities, and issuances of additional preferred stock or other securities by us may further subordinate the rights of the holders