Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 278

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 278
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 for operations and new investments and/or potentially impact the value or
result in dilution of your investment by creating future liabilities, reducing the return on your investment or otherwise.”

<div align='center'>136</div>

Amounts available for distributions
will be affected by our expenses, including any fees paid and distributions made to the Manager and any of its affiliates. The amounts
available for distributions will also be affected by any distributions made to the holders of OP Units.

There can be no assurances
that the current distribution rate or amount per share will be maintained. In the near-term, we expect that we may need to continue to
rely on sources other than cash flows from operations, as determined on a GAAP basis, to pay cash distributions, which if insufficient
could negatively impact our ability to pay cash distributions.

Business Combinations

Under the MGCL, certain business
combinations between a Maryland corporation and an interested stockholder or the interested stockholder’s affiliate are prohibited
for five years after the most recent date on which the stockholder becomes an interested stockholder. For this purpose, the term “business
combinations” includes mergers, consolidations, share exchanges, or, in circumstances specified in the statute, asset transfers
and issuances or reclassifications of equity securities. An “interested stockholder” is defined for this purpose as: (i) any
person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s outstanding voting stock;
or (ii) an affiliate or associate of the corporation who, at any time within the two-year period prior to the date in question, was
the beneficial owner, directly or indirectly, of 10% or more of the voting power of the then outstanding stock of the corporation. A person
is not an interested stockholder under the MGCL if the board of directors approved in advance the transaction by which the person otherwise
would become an interested stockholder. However, in approving the transaction, the board of directors may provide that its approval is
subject to compliance, at or after the time of the approval, with any terms and conditions determined by the board.

After the five-year prohibition,
any such business combination between the corporation and an interested stockholder generally must be recommended by the board of directors
of the corporation and approved by the affirmative vote of at least: (i) 80% of the votes entitled to be cast by holders of outstanding
voting stock of the corporation and (ii) two-thirds