Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 259

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 259
---
 will
continue to apply until our board of directors determines that it is no longer in the best interests of our company to attempt to qualify,
or to continue to qualify, as a REIT or that compliance is no longer required for REIT qualification.

All certificates, if any,
representing our common or preferred stock, will bear a legend referring to the restrictions described above or a legend that we will
furnish a full statement about these restrictions on request and without charge.

The ownership limit in our
charter may have the effect of delaying, deferring or preventing a takeover or other transaction or change in control of our company that
might involve a premium price for your shares or otherwise be in your interest as a stockholder. The restrictions on ownership and transfer
of our stock described above could delay, defer or prevent a transaction or a change in control that might involve a premium price for
our common stock or otherwise be in the best interests of our stockholders.

Class C Common Stock

Our Class C common stock
will be equivalent in all material respects to, and rank on parity with, our common stock, except that each share of Class C common
stock will entitle the holder thereof to up to 50 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 that exceeds the number of shares of Class C
common stock, C-LTIP Units, LTIP Units, C-OP Units and OP Units beneficially owned by such holder. In order to implement this limitation,
the number of votes (“Class C Votes”) per share of Class C common stock beneficially owned by a holder will equal
the lesser of: (x) 50 and (y) the quotient of (A) the sum of (1) the number of shares of Class C common stock
beneficially owned by such holder plus (2) the number of C-LTIP Units beneficially owned by such holder plus (3) the
number of LTIP Units beneficially owned by such holder plus (4) the number of C-OP Units beneficially owned by such holder
plus (5) the number of OP Units beneficially owned by such holder (each of a share of Class C common stock, a C-LTIP
Unit, a LTIP Unit,