Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 266

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 266
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 any monies for a sinking fund for the redemption of, any common         
 stock or any class or series of our stock ranking junior to or on parity with the Series A Redeemable Preferred Stock as to              
 dividend rights or rights on our liquidation, winding-up or dissolution.                                                                 |

To the extent necessary to preserve our status as a REIT, the foregoing sentence, however, will not prohibit declaring or paying or setting apart for payment any dividend or other distribution on our common stock or any class or series of our stock ranking junior to or on parity with the Series A Redeemable Preferred Stock as to dividend rights or rights on our liquidation, winding-up or dissolution for any period.

Holders of shares of our Series A Redeemable Preferred Stock are not eligible to participate in any future distribution reinvestment plan for the company’s common stock.

Redemption at Option of Holders. Holders will have the right to require the company to redeem shares of Series A Redeemable Preferred Stock at a redemption price equal to the Stated Value, initially $25.00 per share, less a redemption fee, plus an amount equal to any accrued but unpaid cash dividends.

The redemption fee will be equal to:

| · | Beginning                                                          
 on the date of original issuance of the shares to be redeemed: 12% |

| · | Beginning                                                                    
 one year from the date of original issuance of the shares to be redeemed: 9% |

| · | Beginning                                                                     
 two years from the date of original issuance of the shares to be redeemed: 6% |

| · | Beginning                                                                       
 three years from the date of original issuance of the shares to be redeemed: 3% |

| · | Beginning                                                                       
 four years from the date of original issuance of the shares to be redeemed: 0%. |

If a holder of shares of Series A
Redeemable Preferred Stock causes the company to redeem such shares of Series A Redeemable Preferred Stock, we have the right, in
our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock, based on the closing
price per share of our Class A common stock for the single trading day prior to the date of redemption.

Our ability to redeem shares
of Series A Redeemable Preferred Stock in cash may be limited to the extent that we do not have sufficient funds available to fund
such cash redemption. Further, our obligation to redeem any of the shares of Series A Redeemable Preferred Stock submitted for