Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 267

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 267
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 be
made in cash at such time as the terms and provisions of any agreement to which we are a party prohibits such redemption or provides that
such redemption would constitute a breach thereof or a default thereunder. The Company further reserves the right to suspend such optional
redemptions once it has issued a redemption notice.

Optional Redemption by the Company. Beginning two years from the date of original issuance of the shares of Series A Redeemable
Preferred Stock to be redeemed, we will have the right to redeem any or all shares of our Series A Redeemable Preferred Stock. We
will redeem such shares of Series A Redeemable Preferred Stock at a redemption price equal to 100% of the Stated Value per share
of Series A Redeemable Preferred Stock, plus an amount equal to any accrued but unpaid cash dividends. We have the right, in our
sole discretion, to pay the redemption price in cash or in equal value of shares of our common stock, based on the closing price per share
of our common stock for the single trading day prior to the date of the redemption, in exchange for the Series A Redeemable Preferred
Stock.

We may exercise our redemption
right by delivering a written notice thereof to all, but not less than all, of the holders of record of the shares of Series A Redeemable
Preferred Stock to be redeemed. Each such notice will state, among other things, the date on which the redemption by us will occur, which
date will be no less than seven (7) days following the notice date.

Any such redemption may be
made conditional on such factors as may be determined by our board of directors and as set forth in the notice of redemption. The Company
reserves the right to suspend voluntary redemptions once it has issued a redemption notice.

Change of Control Redemption by the Company. Upon the occurrence of a Change of Control (as defined below), 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, plus an amount equal to all accrued
but unpaid cash dividends, if any, to and including the redemption date; provided, however, that if the Maryland law solvency tests prohibit
us from paying the full redemption price in cash, then we will pay such portion as would otherwise violate the solvency tests in shares
of our Class A common