Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 2

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 2
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 drive growth in funds from operations and net asset value by acquiring residential units, developing residential communities,
and through Value-Add renovations.

We are offering a maximum
of 14,000,000 shares of our Series B Redeemable Preferred Stock, par value $0.01 per share, referred to as our Series B Redeemable
Preferred Stock, at a public offering price of $25.00 per share. To the extent a participating broker-dealer reduces its selling commissions
below 7.0%, the public offering price per share of Series B Redeemable Preferred Stock will be decreased by an amount equal to such
reduction. See “Plan of Distribution—Compensation of Dealer Manager and Participating Broker-Dealers” in this prospectus.
The Series B Redeemable Preferred Stock will rank on parity with our 6.0% Series A Redeemable Preferred Stock (the “Series A
Redeemable Preferred Stock”), and senior to our common stock, with respect to payment of dividends and distribution of amounts
upon liquidation, dissolution or winding up. Holders of our Series B Redeemable Preferred Stock will generally have no voting rights,
except an exclusive voting right on any amendment to our charter that would alter only the contract rights, as expressly set forth in
our charter, of the Series B Redeemable Preferred Stock.

We are organized and conduct
our operations in a manner that will allow us to maintain our qualification as a real estate investment trust for U.S. federal income
tax purposes, or REIT, commencing with our taxable year ended December 31, 2022. To assist us in maintaining our qualification as
a REIT, among other purposes, our charter contains certain restrictions relating to the ownership and transfer of our capital stock.
See “Description of Capital Stock — Restrictions on Ownership and Transfer” in this prospectus.

Our Class A common stock
is listed on the NYSE American under the symbol “BHM.” On October 7, 2025, the closing price of our Class A common
stock as reported on the NYSE American was $11.64 per share. There is currently no public trading market for the Series B Redeemable
Preferred Stock, and we do not expect a market to develop. We do not intend to apply for a listing of the Series B Redeemable Preferred
Stock on any national securities exchange.

The Series B Redeemable Preferred Stock has not been rated and is subject to the risks associated with non-rated securities