Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 88

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 88
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 holder under certain circumstances.

Our
charter, including the articles supplementary establishing the Series A Redeemable Preferred Stock, contains restrictions on ownership
and transfer of the Series A Redeemable Preferred Stock, which restrictions are intended to assist us in qualifying and maintaining
our qualification as a REIT for U.S. federal income tax purposes. For example, to assist us in qualifying as a REIT, the articles supplementary
establishing the Series A Redeemable Preferred Stock prohibits anyone from owning, or being deemed to own by virtue of the applicable
constructive ownership provisions of the Code, more than 9.8% in value or number of shares, whichever is more restrictive, of the outstanding
Series A Redeemable Preferred Stock. You should consider these ownership limitations prior to a purchase of shares of our Series A
Redeemable Preferred Stock.

Our ability to pay dividends or redeem shares is limited by the requirements of Maryland law.

Our
ability to pay dividends on or redeem shares of the Series A Redeemable Preferred Stock is limited by the laws of Maryland. Under
applicable Maryland law, a Maryland corporation generally may not make a distribution (including a dividend or redemption) if, after giving
effect to the distribution, the corporation would not be able to pay its debts as the debts become due in the usual course of business,
or the corporation’s total assets would be less than the sum of its total liabilities plus, unless the corporation’s charter
provides otherwise, the amount that would be needed, if the corporation were dissolved at the time of the distribution, to satisfy the
preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the distribution. Accordingly,
we generally may not make a distribution on Series A Redeemable Preferred Stock if, after giving effect to the distribution, we would
not be able to pay our debts as they become due in the usual course of business or our total assets would be less than the sum of our
total liabilities plus, unless the terms of such class or series provide otherwise, the amount that would be needed to satisfy the preferential
rights upon dissolution of the holders of shares of any class or series of preferred stock then outstanding, if any, with preferences
senior to those of the Series A Redeemable Preferred Stock. Any dividends or redemption payments may be delayed or prohibited.

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If our Class A common stock is no longer listed on the NYSE American or another national securities exchange, we will