Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 96

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 96
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 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.

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, or in addition to, cash consideration. Investors purchasing Series A Redeemable Preferred
Stock in the offering of our Series A Redeemable Preferred Stock who do not participate in any future stock issuances will experience
dilution in the percentage of the issued and outstanding stock they own. In addition, depending on the terms and pricing of any additional
offerings and the value of our investments, you also may experience dilution in the book value and fair market value of, and the amount
of distributions paid on, your shares of Series A Redeemable Preferred Stock and Class A common stock, if any.

Holders of the Series A Redeemable Preferred Stock have no control over changes in our policies and operations.

Our
board of directors determines our major policies, including with regard to investment objectives, financing, growth, debt capitalization,
REIT qualification and distributions. Our board of directors may amend or revise these and other policies without a vote of the stockholders.

Holders
of shares of Series A Redeemable Preferred Stock generally have no voting rights under our charter, except with respect to any amendment
of our charter that would alter only the contract rights, as expressly set forth therein, of either (a) the Series A Redeemable
Preferred Stock alone, or (b) of any preferred stock (i) ranking on parity with the Series A Redeemable Preferred Stock
with respect to dividend rights and rights upon our liquidation, dissolution or winding up, and (ii) upon which like voting rights
have been conferred. Other than in these limited circumstances, holders of Series A Redeemable Preferred Stock have no voting rights.

RISKS RELATED TO OUR STATUS AS A REIT

Failure to maintain our qualification as a REIT would materially and adversely affect us and