Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 89

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 89
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 or series, of which 30,000,000 have been classified as shares of Series A Preferred Stock. As of September 30, 2025, we had issued and outstanding 6,087,829 shares of Series A Preferred Stock. The issuance of additional preferred stock on parity with or senior to the Series A Preferred Stock or any other class or series of preferred stock would dilute the interests of the holders of shares of preferred stock of the applicable class or series, and any issuance of preferred stock senior to the Series A Preferred Stock or any other class or series of preferred stock, or any issuance of additional indebtedness, could affect our ability to pay dividends on, redeem or pay the liquidation preference on any or all of the foregoing class or series of preferred stock. We may issue preferred stock on parity with the Series A Preferred Stock without the consent of the holders of the Series A Preferred Stock. Other than the right of holders to cause us to redeem the Series A Preferred Stock upon a change of control, none of the provisions relating to the Series A Preferred Stock or any other class or series of preferred stock relate to or limit our indebtedness or afford the holders of shares thereof protection in the event of a highly leveraged or other transaction, including a merger or the sale, lease or conveyance of all or substantially all our assets or business, that might adversely affect the holders of such shares. Development, redevelopment, and construction risks could affect our profitability. Development and redevelopment are subject to numerous risks, including the following:

| ● | we                                                                                                                                     
 may be unable to obtain, or experience delays in obtaining, necessary zoning, occupancy, or other required governmental or third-party 
 permits and authorizations, which could result in increased costs or the delay or abandonment of opportunities;                        |

| ● | we                                                                                                                                       
 may incur costs that exceed our original estimates due to increased material, labor, or other factors and costs, such as those resulting 
 from litigation, program changes, inflation, interest rate increases, the implementation of tariffs, or supply chain disruptions;        |

| ● | we                                                                                                                                       
 may be unable to complete construction and lease-up of a residential community on schedule, including as a result of global supply chain 
 disruptions, resulting in increased construction and financing costs and a decrease in expected rental revenues;                         |

| ● | occupancy                                                                                                                             
 rates and rents at a residential community may fail to meet our expectations for a number of reasons, including changes in market and 
 economic conditions beyond our control and the development of competing communities;