Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 94

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 94
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equal to any accrued and unpaid dividends.

Our requirement to redeem the Series A Redeemable Preferred Stock in the event of a Change of Control may, in either case, deter a change of control transaction otherwise in the best interests of our stockholders.

Upon
the occurrence of a Change of Control (as defined below) with respect to the Series A Redeemable Preferred Stock, we will be required
to redeem all outstanding shares of the Series A Redeemable Preferred Stock, in whole, within 60 days after the first date on
which such Change of Control occurred, in cash at a redemption price of $25.00 per share of Series A Redeemable Preferred Stock;
plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date. The mandatory redemption feature
of each share of the Series A 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 A 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 A 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 A 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 A Redeemable Preferred Stock could have material
adverse consequences for us and the holders of the Series A Redeemable Preferred Stock.

We established the offering price for the Series A 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 A Redeemable Preferred Stock may be substantially less than the amount paid.

The
selling price of the Series A 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