Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 222

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 222
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 to effect a dividend rate of the average one-month Term SOFR rate plus two percent, subject to a 6.5%
minimum and an 8.5% maximum annual rate, calculated and paid monthly. Commencing in May 2024, the Series A Preferred enhanced special
dividend was declared for each month for which the Board declared the regular monthly dividend of $0.125 per outstanding share of Series
A Preferred Stock.

At
the date of issuance, the carrying amount of the Series A Preferred Stock was less than the redemption value. As a result of the Company’s
determination that holder redemption is probable, the carrying value will be increased by periodic accretions so that the carrying value
will equal the redemption value net of early redemption fees at the earliest redemption date. As of December 31, 2024, the Company had
recorded a total of $0.2 million of accretion related to the Series A Preferred Stock.

During
the year ended December 31, 2024, the Company issued 4,198,566 shares of Series A Preferred Stock at the Stated Value under its continuous
registered offering with net proceeds of approximately $92.9 million after (i) commissions, dealer manager fees and sales discounts of
approximately $10.6 million, and (ii) costs related to establishing the offering of Series A Preferred Stock of approximately $1.5 million.
As of December 31, 2024, the Company had issued a total of 4,635,241 shares of Series A Preferred Stock with total net proceeds of approximately
$101.1 million after commissions, dealer manager fees, sales discounts and offering costs. During the year ended December 31, 2024, the
Company, at the request of holders, redeemed 6,560 shares of Series A Preferred Stock through the issuance of 9,103 shares of Class A
common stock.

Class C Common Stock

The
Company’s Class C common stock will be equivalent in all material respects to, and rank on parity with, the Company’s Class
A common stock, except that each share of Class C common stock will entitle the holder thereof to up to fifty votes. A holder of Class
C common stock will not be entitled to a number of votes in excess of the number of its direct and indirect economic interests in the
Operating Partnership. Therefore, no holder of Class C common stock will have a number of votes in respect of its shares of Class C common
stock