Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 258

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 258
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 of the high bid and low asked prices in
the principal automated quotation system that may then be in use or, if such shares are not quoted by any such system, the average of
the closing bid and asked prices as furnished by a professional market maker making a market in such shares selected by the board of directors
or, in the event that no trading price is available for such shares, the fair market value of shares, as determined by our board of directors.

If you acquire or attempt
or intend to acquire shares of our capital stock in violation of the foregoing restrictions, or if you owned common or preferred stock
that was transferred to a trust, then we will require you to give us immediate written notice of such event or, in the case of a proposed
or attempted transaction, at least 15 days prior written notice, and to provide us with such other information as we may request in order
to determine the effect, if any, of such transfer on our status as a REIT.

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If you own, directly or indirectly,
5% or more, or such lower percentages as required under the U.S. federal income tax laws or the regulations promulgated thereunder, of
the outstanding shares of our stock, then you must, upon request following the end of each taxable year, provide to us a written statement
or affidavit stating your name and address, the number of shares of capital stock owned directly or indirectly, and a description of how
such shares are held. In addition, each direct or indirect stockholder must provide to us such additional information as we may request
in order to determine the effect, if any, of such ownership on our qualification as a REIT and to ensure compliance with the 9.8% Ownership
Limitation.

The 9.8% Ownership Limitation
generally will not apply to the acquisition of shares of capital stock by an underwriter, placement agent or initial purchaser in a Rule144A
transaction that participates in a public offering, private 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