Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 261

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 261
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-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 B 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 the event causing the shares to be held in trust; or                                                               |

| · | the price per                                                                                                                       
 share received by the trustee from the sale or other disposition of such shares-in-trust, net of any commissions and other expenses 
 of sale.                                                                                                                            |

The trustee may reduce the
amount payable to the Prohibited Owner by the amount of dividends and other distributions that have been paid to the Prohibited Owner
and are owed by the Prohibited Owner to