Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 24

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 24
---
 may be important to you. We encourage you to read carefully this entire
prospectus, our charter, including the articles supplementary setting forth the terms of the Series B Redeemable Preferred Stock,
and our bylaws, as well as the relevant provisions of Maryland law, for a more complete understanding of our Series B Redeemable
Preferred Stock. Copies of our charter and bylaws are available from us and have been filed with the SEC, and the following summary,
to the extent it relates to those documents, is qualified in its entirety by reference thereto. See “Additional Information.”
For a more complete description of the terms of the Series B Redeemable Preferred Stock, see “Description of Capital Stock — Series B
Redeemable Preferred Stock” herein.

| Series B Redeemable Preferred Stock offered by us |     | A maximum of 14,000,000 shares of Series B Redeemable Preferred Stock will be offered through our dealer manager in this offering on a best efforts basis, at a public offering price of $25.00 per share. |

<div align='center'>11</div>

| Ranking |     | The Series B Redeemable Preferred Stock will rank, with respect to dividend rights and rights upon our liquidation, winding-up or dissolution: |

| · | senior to all classes or series of our common stock, and to any other class or series of our capital stock issued in the future unless the terms of that capital stock expressly provide that it ranks senior to, or on parity with, the Series B Redeemable Preferred Stock;            |
| · | on parity with any class or series of our capital stock, the terms of which expressly provide that it will rank on parity with the Series B Redeemable Preferred Stock, including the Series A Redeemable Preferred Stock; and                                                           |
| · | junior to any other class or series of our capital stock, the terms of which expressly provide that it will rank senior to the Series B Redeemable Preferred Stock, none of which exists on the date hereof, and subject to payment of or provision for our debts and other liabilities. |

|              |     | Our board of directors has the authority to issue shares of additional classes or series of preferred stock that could be senior in priority to the Series B Redeemable Preferred Stock.                     |
| Stated Value |     | Each share of Series B Redeemable Preferred Stock will have an initial “Stated Value” of $25.00, subject to appropriate adjustment in relation to