Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 259

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 259
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 each of the Series A Redeemable Preferred Stock and the Series B Redeemable Preferred Stock (respectively) provide
that generally, no person may own, or be deemed to own by virtue of the attribution provisions of the Code, more than 9.8% in value or
in number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of Series A Redeemable Preferred
Stock or Series B Redeemable Preferred Stock (as applicable). We refer to these limitations regarding the ownership of our stock
collectively as the “9.8% Ownership Limitation.” Further, our charter provides for certain circumstances where our board
of directors may exempt (prospectively or retroactively) a person from the 9.8% Ownership Limitation and establish or increase an excepted
holder limit for such person. Subject to certain conditions, our board of directors may also increase the 9.8% Ownership Limitation
for one or more persons and decrease the 9.8% Ownership Limitation for all other persons.

On
June 28, 2023, pursuant to Section 6.1.8 of Article VI of our charter, our board of directors adopted resolutions decreasing
the 9.8% Ownership Limitation from 9.8% to 8.75% (in value or in number of shares, whichever is more restrictive) for all stockholders
of the company that are not Excepted Holders (as defined in our charter) (collectively, the “Decreased Ownership Limits”),
in connection with an exemption granted by our board of directors, pursuant to Section 6.1.7 of our charter, to Par Sanda and Sand
Capital Associates, LLC, a Florida limited liability company (together, the “Sand Group”) from the 9.8% Ownership Limitation
and establishing an Excepted Holder Limit (as defined in our charter) for the Sand Group, subject to certain limitations and conditions
(collectively, the “Original Exemption”). The Decreased Ownership Limits and the Original Exemption were to terminate no
later than December 28, 2024 (the “Revocation Date”). On November 5, 2024, pursuant to our charter, our board of
directors adopted resolutions to modify and extend the Original Exemption (the “Modified Exemption”) such that the Revocation
Date will be no later than December 31, 2025 (the “Extended Revocation Date”);