Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 278

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 278
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 to or on parity with the Series A
Redeemable Preferred Stock as to dividend rights or rights on our liquidation, winding-up or dissolution for any period.

Holders of shares of our
Series A Redeemable Preferred Stock are not eligible to participate in any future distribution reinvestment plan for the company’s
common stock.

Redemption at Option of Holders. Holders will have the right to require the company to redeem shares of Series A Redeemable Preferred Stock at a redemption
price equal to the Stated Value, initially $25.00 per share, less a redemption fee, plus an amount equal to any accrued but unpaid cash
dividends.

The redemption fee will be
equal to:

| · | Beginning on the date of                            
 original issuance of the shares to be redeemed: 12% |

| · | Beginning one year from                                        
 the date of original issuance of the shares to be redeemed: 9% |

| · | Beginning two years from                                       
 the date of original issuance of the shares to be redeemed: 6% |

| · | Beginning three years from                                     
 the date of original issuance of the shares to be redeemed: 3% |

| · | Beginning four years from                                       
 the date of original issuance of the shares to be redeemed: 0%. |

If a holder of shares of
Series A Redeemable Preferred Stock causes the company to redeem such shares of Series A Redeemable Preferred Stock, we have
the right, in our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock,
based on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption.

Our ability to redeem
shares of Series A Redeemable Preferred Stock in cash may be limited to the extent that we do not have sufficient funds available
to fund such cash redemption. Further, our obligation to redeem any of the shares of Series A Redeemable Preferred Stock submitted
for redemption in cash may be restricted by Maryland law. No redemptions of shares of Series A Redeemable Preferred Stock will be
made in cash at such time as the terms and provisions of any agreement to which we are a party prohibits such redemption or provides
that such redemption would constitute a breach thereof or a default thereunder. The company further reserves the right to suspend such
optional redemptions once it has issued a redemption notice.

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Optional Redemption Following