Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 256

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 256
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 that number of shares that otherwise would cause the violation will be null and void, with the intended transferee
acquiring no rights in such shares.

Shares-in-trust will remain
shares of issued and outstanding capital stock and will be entitled to the same rights and privileges as all other stock of the same class
or series, but the intended transferee will acquire no rights in those shares. The trustee will receive all dividends and other distributions
on the shares-in-trust and will hold such dividends or other distributions in trust for the benefit of the beneficiary. Any dividend or
other distribution paid prior to our discovery that shares of stock have been transferred to the trustee will be paid by the recipient
to the trustee upon demand. Any dividend or other distribution authorized but unpaid will be paid when due to the trustee. The trustee
will vote all shares-in-trust and, subject to Maryland law, effective as of the date that the shares-in-trust were transferred to the
trustee, the trustee will have the authority to rescind as void any vote cast by the proposed transferee prior to our discovery that the
shares have been transferred to the trust and to recast the vote in accordance with the desires of the trustee acting for the benefit
of the beneficiary. However, if we have already taken irreversible corporate action, then the trustee will not have the authority to rescind
and recast the vote.

As soon as reasonably practicable
after receiving notice from us that shares of our stock have been transferred to the trust (and no later than 20 days after receiving
notice in the case of shares of Series A Redeemable Preferred Stock that are listed or admitted to trading on a national securities
exchange), the trustee will sell the shares to a person designated by the trustee whose ownership of the shares will not violate the above
ownership limitations. Upon the sale, the interest of the beneficiary in the shares sold will terminate and the trustee will distribute
the net proceeds of the sale to the record holder of the shares that are designated as shares-in-trust (the “Prohibited Owner”),
and to the beneficiary as follows. The Prohibited Owner generally will receive from the trust the lesser of:

| · | the                                                                                                                                   
 price paid by the Prohibited Owner paid for the shares of capital stock that were designated as shares-in-trust or, if the Prohibited 
 Owner did not give value for the shares in connection with the event causing the shares to be held in trust, the market price per     
 share on the date of