Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 269

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 269
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 Stock called for redemption and (iii) have given irrevocable instructions to pay the redemption price, then
from and after the redemption date, those shares of Series A Redeemable Preferred Stock will be treated as no longer being outstanding,
no further dividends will accrue and all other rights of the holders of those shares of Series A Redeemable Preferred Stock will
terminate. The holders of those shares of Series A Redeemable Preferred Stock will retain their right to receive the redemption price
for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to and including the redemption date, without interest.

The holders of Series A
Redeemable Preferred Stock at the close of business on a dividend record date will be entitled to receive the dividend payable with respect
to the Series A Redeemable Preferred Stock on the corresponding payment date notwithstanding the redemption of the Series A
Redeemable Preferred Stock between such record date and the corresponding payment date or our default in the payment of the dividend due.
Except as provided above, we will make no payment or allowance for unpaid cash dividends, whether or not in arrears, on Series A
Redeemable Preferred Stock for which redemption notice has been given.

For purposes of the Series A
Redeemable Preferred Stock, “Change of Control” is when, after the original issuance of the Series A Redeemable Preferred
Stock, any of the following has occurred and is continuing:

| · | a “person”                                                                                                                               
 or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange                         
 Act”), other than our company, its subsidiaries, and its and their employee benefit plans, has become the direct or indirect             
 “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of our common equity                                                
 representing more than 50% of the total voting power of all outstanding shares of our common equity that are entitled to vote generally  
 in the election of directors (“Voting Stock”); provided, that notwithstanding the foregoing, such a transaction will                     
 not be deemed to involve a Change of Control if  (A) (i) we become a direct or indirect wholly-owned subsidiary                          
 of a holding company and (ii) the direct or indirect holders of the Voting Stock of such holding company immediately following           
 that transaction are substantially the same as the holders of our Voting Stock immediately prior to that transaction, or (B)