Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 261

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 261
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, create and issue additional preferred stock with
a distribution preference over common stock or preferred stock, payment of any distribution preferences of new outstanding preferred stock
would reduce the amount of funds available for the payment of distributions on the common stock and junior preferred stock. Further, holders
of preferred stock are normally entitled to receive a preference payment if we liquidate, dissolve, or wind up before any payment is made
to the common stockholders, likely reducing the amount common stockholders and junior preferred stockholders, if any, would otherwise
receive upon such an occurrence. In addition, under certain circumstances, the issuance of additional preferred stock may delay, prevent,
render more difficult or tend to discourage the following:

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| · | a merger tender offer, 
 or proxy contest;      |

| · | the assumption of                                          
 control by a holder of a large block of our securities; or |

| · | the removal of incumbent 
 management.              |

Also, subject to certain restrictions, our board of directors, without stockholder approval, may issue additional preferred stock with voting and conversion rights that could adversely affect the holders of common stock or preferred stock.

6.0% Series A Redeemable Preferred Stock

The following is a brief description of the terms of our Series A Redeemable Preferred Stock. The description of our Series A Redeemable Preferred Stock contained herein does not purport to be complete and is qualified in its entirety by reference to the Articles Supplementary classifying shares of our preferred stock as shares of Series A Redeemable Preferred Stock (the “Series A Articles Supplementary”), which have been filed with the SEC.

Rank. Our Series A Redeemable Preferred Stock ranks, 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 A 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 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 A 
 Redeemable