Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 5

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 5
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 shares of Series B Redeemable Preferred Stock offered. The minimum permitted purchase is generally
$5,000, but purchases of less than $5,000 may be made in the sole discretion of the dealer manager. We expect to sell up to 14,000,000 shares
of our Series B Redeemable Preferred Stock in this offering by , 2027,
which may be extended through , 2028, in our sole discretion. If we extend
the offering period beyond , 2027, we will supplement the prospectus accordingly.
It is our intent, however, to conduct a continuous offering of shares of our Series B Redeemable Preferred Stock for an indefinite
period of time by filing for additional offerings thereof, subject to regulatory approval and continued compliance with the rules and
regulations of the Securities and Exchange Commission (the “SEC”) and applicable state laws. Our board of directors may elect
to terminate this offering at any time.

We will sell shares of our
Series B Redeemable Preferred Stock through Depository Trust Company, or DTC, settlement, or DTC Settlement; or, under special circumstances,
through Direct Registration System settlement, or DRS Settlement. See the section entitled “Plan of Distribution” in this
prospectus for a description of these settlement methods.

<div align='center'>Bluerock Capital Markets, LLC
as Dealer Manager

Preliminary Prospectus dated October 8, 2025

TABLE OF CONTENTS</div>

| PROSPECTUS SUMMARY                                         |     |   1 |
| RISK FACTORS                                               |     |  17 |
| CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS |     |  55 |
| ESTIMATED USE OF PROCEEDS                                  |     |  57 |
| DISTRIBUTION POLICY                                        |     |  59 |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL          
 CONDITION AND RESULTS OF OPERATIONS                        |     |  61 |
| OUR INDUSTRY AND MARKET OPPORTUNITY                        |     |  76 |
| OUR BUSINESS AND PROPERTIES                                |     |  81 |
| MANAGEMENT                                                 |     |  93 |
| OUR MANAGER AND RELATED AGREEMENTS                         |     | 107 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS       |     | 114 |
| POLICIES WITH RESPECT TO CERTAIN ACTIVITIES                |     | 116 |
|