Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 101

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 101
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rights of holders of our Class A common stock. Until and unless you receive shares of our Class A common stock upon redemption, you will
have only those rights applicable to holders of our Series A Preferred Stock.

The Series A Preferred Stock has not been rated.

We
have not sought to obtain a rating for the Series A Preferred Stock. No assurance can be given, however, that one or more rating agencies
might not independently determine to issue such ratings or that such a rating, if issued, would not adversely affect the market price
of the Series A Preferred Stock. In addition, we may elect in the future to obtain a rating of the Series A Preferred Stock, which could
adversely impact the market price of the applicable series. Ratings only reflect the views of the rating agency or agencies issuing the
ratings and such ratings could be revised downward, placed on negative outlook or withdrawn entirely at the discretion of the issuing
rating agency if in its judgment circumstances so warrant. While ratings do not reflect market prices or the suitability of a security
for a particular investor, such downward revision or withdrawal of a rating could have an adverse effect on the market price of the Series
A Preferred Stock. It is also possible that the Series A Preferred Stock will never be rated.

Dividend payments on the Series A Preferred Stock are not guaranteed.

Although
dividends on the Series A Preferred Stock are cumulative, our Board must approve the actual payment of such distributions. Our Board can
elect at any time or from time to time, and for an indefinite duration, not to pay any or all accrued distributions. Our Board could do
so for any reason, and may be prohibited from doing so in the following instances:

poor
historical or projected cash flows;

the
need to make payments on our indebtedness;

concluding
that payment of distributions on any or all such series of preferred stock would cause us to breach the terms of any indebtedness or other
instrument or agreement; or

determining
that the payment of distributions would violate applicable law regarding unlawful distributions to stockholders.

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We intend to use the net proceeds from any offerings of the Series A Preferred Stock to fund future investments and for other general corporate and working capital purposes, but any such offerings will not be conditioned upon the closing of pending property investments and we will have broad discretion to determine alternative uses of proceeds.

We
intend to use a portion of the net proceeds from any offerings of our Series A