Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 272

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 272
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 placement or other private offering of such
shares. In addition, our board of directors, upon receipt of a ruling from the IRS or an opinion of counsel and upon such other
conditions as our board of directors may direct, including the receipt of certain representations and undertakings required by our
charter, may exempt (prospectively or retroactively) a person from the ownership limit and establish or increase an excepted holder
limit for such person. The 9.8% Ownership Limitation will continue to apply until our board of directors determines that it is no
longer in the best interests of our company to attempt to continue to qualify as a REIT or that compliance is no longer required for
REIT qualification.

All certificates, if any,
representing our common or preferred stock, will bear a legend referring to the restrictions described above or a legend that we will
furnish a full statement about these restrictions on request and without charge.

The ownership limit in our
charter may have the effect of delaying, deferring or preventing a takeover or other transaction or change in control of our company
that might involve a premium price for your shares or otherwise be in your interest as a stockholder. The restrictions on ownership and
transfer of our stock described above could delay, defer or prevent a transaction or a change in control that might involve a premium
price for our common stock or otherwise be in the best interests of our stockholders.

Class C Common Stock

Our Class C common stock
will be equivalent in all material respects to, and rank on parity with, our common stock, except that each share of Class C common
stock will entitle the holder thereof to up to 50 votes. A holder of Class C common stock will not be entitled to a number of votes
in excess of the number of its direct and indirect economic interests in the Operating Partnership. Therefore, no holder of Class C
common stock will have a number of votes in respect of its shares of Class C common stock that exceeds the number of shares of Class C
common stock, C-LTIP Units, LTIP Units, C-OP Units and OP Units beneficially owned by such holder. In order to implement this limitation,
the number of votes (“Class C Votes”) per share of Class C common stock beneficially owned by a holder will equal
the lesser of: (x) 50 and (y) the quotient of (A) the sum of (1) the number of shares of Class C common stock
benef