Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 85

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 85
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 incentive to voluntarily redeem shares of Series A Redeemable Preferred Stock, if market conditions allow us
to issue other preferred stock or debt securities at an interest or distribution rate that is lower than the distribution rate on the
applicable series of preferred stock. Given the potential for early redemption of the Series A Redeemable Preferred Stock, holders
of such shares may face an increased reinvestment risk, which is the risk that the return on an investment purchased with proceeds from
the sale or redemption of the Series A Redeemable Preferred Stock may be lower than the return previously obtained from the investment
in such shares.

Our ability to redeem the Series A Redeemable Preferred Stock may subject investors to certain risks, including reinvestment risk and volatility risk.

Beginning two years following
the date of original issuance of the shares of Series A Redeemable Preferred Stock to be redeemed, we may voluntarily redeem some
or all of such Series A Redeemable Preferred Stock for cash or shares of our Class A common stock, in our sole discretion. Any
redemption of Series A Redeemable Preferred Stock may occur at a time that is unfavorable to holders of the Series A Redeemable
Preferred Stock. We may have an incentive to redeem the Series A Redeemable Preferred Stock voluntarily if market conditions allow
us to issue other preferred stock or debt securities at an interest or distribution rate that is lower than the distribution rate on the
Series A Redeemable Preferred Stock. Given the potential for early redemption of the Series A Redeemable Preferred Stock, holders
of such shares may face an increased reinvestment risk, which is the risk that the return on an investment purchased with proceeds from
the sale or redemption of the Series A Redeemable Preferred Stock may be lower than the return previously obtained from the investment
in such shares. The trading price of the Class A common stock, for which the Series A Redeemable Preferred Stock may be redeemed,
may be volatile and may expose investors to additional volatility risk.

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Holders of Series A Redeemable Preferred Stock should not expect us to redeem all or any such shares on the date they first become redeemable or on any particular date after they become redeemable.

Except
in limited circumstances related to our ability to maintain our qualification as a REIT or a special optional redemption in connection
with a Change of Control, Series A Redeemable Preferred Stock may be redeemed by us at our option, either in whole or in part, only
on or