Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 2

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 2
---
 principal business objective is to generate attractive risk-adjusted returns on investments where we believe
we can drive growth in funds from operations and net asset value by acquiring residential units, developing residential communities,
and through Value-Add renovations.

We are offering a maximum
of 14,000,000 shares of our Series B Redeemable Preferred Stock, par value $0.01 per share, referred to as our Series B
Redeemable Preferred Stock, at a public offering price of $25.00 per share. To the extent a participating broker-dealer reduces its selling
commissions below 7.0%, the public offering price per share of Series B Redeemable Preferred Stock will be decreased by an amount
equal to such reduction. The Series B Redeemable Preferred Stock will rank on parity with our 6.0% Series A Redeemable Preferred
Stock (the “Series A Redeemable Preferred Stock”), and senior to our common stock, with respect to payment of dividends
and distribution of amounts upon liquidation, dissolution or winding up. Holders of our Series B Redeemable Preferred Stock will
generally have no voting rights, except an exclusive voting right on any amendment to our charter that would alter only the contract
rights, as expressly set forth in our charter, of the Series B Redeemable Preferred Stock.

We are organized and conduct
our operations in a manner that will allow us to maintain our qualification as a real estate investment trust for U.S. federal income
tax purposes, or REIT, commencing with our taxable year ended December 31, 2022. To assist us in maintaining our qualification as
a REIT, among other purposes, our charter contains certain restrictions relating to the ownership and transfer of our capital stock.
See “Description of Capital Stock — Restrictions on Ownership and Transfer” in this prospectus.

Our Class A common
stock is listed on the NYSE American under the symbol “BHM.” On ,
2025, the closing price of our Class A common stock as reported on the NYSE American was $
per share. There is currently no public trading market for the Series B Redeemable Preferred Stock, and we do not expect a market
to develop. We do not intend to apply for a listing of the Series B Redeemable Preferred Stock on any national securities exchange.

The Series B Redeemable Preferred Stock has not been rated and is subject to the risks associated with non-rated securities. You should carefully read and consider “Risk Factors” beginning