Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 114

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 114
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 as part or all of the purchase price of the community. Our
Board, in its sole discretion, may determine the value of any common stock or other equity or debt securities issued in consideration
of residential properties or services provided, or to be provided, to us.

Our
charter also authorizes our Board, without stockholder approval, to designate and issue one or more classes or series of preferred stock
in addition to the Series A Preferred Stock (including equity or debt securities convertible into preferred stock) and to set or
change the voting, conversion or other rights, preferences, restrictions, limitations as to dividends or other distributions and qualifications
or terms or conditions of redemption of each class or series of shares so issued. If any additional preferred stock is publicly offered,
the terms and conditions of such preferred stock (including any equity or debt securities convertible into preferred stock) will be set
forth in a registration statement registering the issuance of such preferred stock or equity or debt securities convertible into preferred
stock. Because our Board has 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 the Series A Preferred Stock. If we ever create and issue additional preferred stock or equity or debt securities convertible
into preferred stock with a distribution preference over common stock or the Series A Preferred Stock, payment of any distribution
preferences of such new outstanding preferred stock would reduce the amount of funds available for the payment of distributions on our
common stock and our Series A 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 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 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.

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Stockholders have no rights to buy additional shares of stock or other securities if we issue new shares of stock or other securities. We may issue common stock, convertible debt or preferred stock pursuant to a subsequent public offering or a private placement, or to sellers of properties we directly or indirectly acquire instead of