Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 263

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 263
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able Preferred Stock contained herein does not purport to be complete and is qualified in its entirety by reference to the Articles Supplementary classifying shares of our preferred stock as shares of Series A Redeemable Preferred Stock (the “Series A Articles Supplementary”), which have been filed with the SEC.

Rank. Our Series A Redeemable Preferred Stock ranks, with respect to dividend rights and rights upon our liquidation, winding-up or dissolution:

| · | senior                                                                                                                              
 to all classes or series of our common stock, and to any other class or series of our capital stock issued in the future unless the 
 terms of that capital stock expressly provide that it ranks senior to, or on parity with, the Series A Redeemable Preferred         
 Stock;                                                                                                                              |

| · | on                                                                                                                                       
 parity with any class or series of our capital stock, the terms of which expressly provide that it will rank on parity with the Series A 
 Redeemable Preferred Stock; and                                                                                                          |

| · | junior                                                                                                                           
 to any other class or series of our capital stock, the terms of which expressly provide that it will rank senior to the Series A 
 Redeemable Preferred Stock, none of which exists                                                                                 
 on the date hereof, and subject to payment of or provision for our debts and other liabilities.                                  |

Investors in the Series A
Redeemable Preferred Stock should note that holders of our Series A Redeemable Preferred Stock do not have a right to receive a return
of capital prior to holders of our common stock upon the individual sale of a property.

Stated Value. Each share of Series A Redeemable Preferred Stock has an initial “Stated Value” of $25.00, subject
to appropriate adjustment in relation to certain events as set forth in the Series A Articles Supplementary.

Dividends.
Subject to the preferential rights of the holders of any class or series of our capital stock ranking senior to our Series A
Redeemable Preferred Stock, if any such class or series is authorized in the future, the holders of Series A Redeemable Preferred
Stock are entitled to receive, when and as authorized by our board of directors and declared by us out of legally available funds, cumulative
cash dividends on each share of Series A Redeemable Preferred Stock at an annual rate of 6.0% of the Stated Value (each, a “Series A
Regular Dividend”). In addition, for each month for which the Board declares a Series A Regular Dividend, holders of shares