Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 302

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 302
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 or qualify such shares under the securities or blue sky laws of such jurisdictions within the United States as required by law; |

| · | to list our shares of common stock issued pursuant to the exercise of redemption rights on any securities exchange or national market system upon which our shares of common stock are then listed; and |

| · | to indemnify limited partners exercising redemption rights against all losses caused by any untrue statement of a material fact contained in the registration statement, preliminary prospectus or prospectus or caused by any omission to state a material fact required to be stated or necessary to make the statements therein not misleading, except insofar as such losses are caused by any untrue statement or omission based upon information furnished to us by such limited partners. |

As a condition to our obligations with respect
to such registration, each limited partner will agree:

| · | that it will not offer or sell shares of common stock that are issued upon redemption of its OP Units until such shares have been included in an effective registration statement; |

| · | that if we propose an underwritten public offering, it will agree not to effect any offer, sale or distribution of our shares of common stock during the period commencing on the tenth day prior to the expected effective date of a registration statement filed with respect to the public offering or commencement date of a proposed offering and ending on the date specified by the managing underwriter for such offering; and to indemnify us and each of our officers, directors and controlling persons against all losses caused by any untrue statement or omission contained in (or omitted from) any registration statement based upon information furnished to us by such limited partner. |

Subject to certain exceptions,
our Operating Partnership will pay all expenses in connection with the exercise of registration rights under our partnership agreement.

LTIP Units

In general, LTIP Units will
receive the same per-unit distributions as the OP Units. When issued, each LTIP Unit will have a capital account balance of zero and,
therefore, will not have full parity with OP Units with respect to liquidating distributions. However, our partnership agreement provides
that our Operating Partnership’s assets will be revalued upon the occurrence of certain events and any resulting increase in valuation
will be allocated first to the LTIP Unitholders to equalize the capital accounts of such holders with the capital account of the general
partner’s OP Units.

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Upon equalization of the capital
accounts of the LTIP Unitholders with the average per-unit capital account of the general partner’s