Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 262

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 262
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 of shares of any series of preferred stock
then outstanding.

Preferred Stock

Our charter authorizes our
board of directors, without further stockholder action, to provide for the issuance of up to 250,000,000 shares of preferred stock, in
one or more classes or series, with such terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to
dividends or other distributions, qualifications and terms or conditions of redemption, as our board of directors may approve, subject
to certain restrictions.

If any preferred stock is
publicly offered, the terms and conditions of such preferred stock, including any convertible preferred stock, will be set forth in articles
supplementary and described in a prospectus relating to the issuance of such preferred stock, if such preferred stock is registered. Because
our board of directors will have the power to establish the preferences and rights of each class or series of preferred stock, it may
afford the holders of any series or class of preferred stock preferences, powers, and rights senior to the rights of holders of common
stock or other preferred stock, subject to certain restrictions. If we ever authorize, create and issue additional preferred stock with
a distribution preference over common stock or preferred stock, payment of any distribution preferences of new outstanding preferred stock
would reduce the amount of funds available for the payment of distributions on the common stock and junior preferred stock. Further, holders
of preferred stock are normally entitled to receive a preference payment if we liquidate, dissolve, or wind up before any payment is made
to the common stockholders, likely reducing the amount common stockholders and junior preferred stockholders, if any, would otherwise
receive upon such an occurrence. In addition, under certain circumstances, the issuance of additional preferred stock may delay, prevent,
render more difficult or tend to discourage the following:

<div align='center'>132</div>

| · | a merger tender offer, 
 or proxy contest;      |

| · | the assumption of                                          
 control by a holder of a large block of our securities; or |

| · | the removal of incumbent 
 management.              |

Also, subject to certain restrictions, our board of directors, without stockholder approval, may issue additional preferred stock with voting and conversion rights that could adversely affect the holders of common stock or preferred stock.

6.0% Series A Redeemable Preferred Stock

The following is a brief description of the terms of our Series A Redeemable Preferred Stock. The description of our Series A Redeem