Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 65

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 65
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 Period”) by providing the General Partner with a written request in a form acceptable to the General
Partner at least one hundred and twenty (120) calendar days prior to the desired redemption date, limited to a semi-annual basis effective
June 30 and December 31
of each calendar year. The Lock-Out Period shall not apply to (A) the General Partner, (B) The Special Limited Partner, and
(3) participants of the Fund’s distribution reinvestment program (“DRP”). Unless waived by the General Partner
in its sole discretion, the redemption request must be for partnership units with an aggregate partnership net asset value of at least
$125,000. In no event will the General Partner, the Fund, or their respective affiliates be obligated to sell or finance, or cause to
be sold or financed, or otherwise transfer, any assets (including assets owned directly or indirectly by the Fund), contribute additional
capital or assets to the Fund, or take any other action (including incurring indebtedness) in order to redeem any partnership units. Redemption
units will be redeemed on a pro rata basis based upon the relative number of redemption units submitted by each limited partner.

The redemption price of each redemption
unit redeemed by a limited partner shall be equal to:

| (i) | with respect to the redemption units that may have been outstanding                                                             
 for at least twelve (12) months but fewer than twenty-four (24) months, ninety-five percent (95%) of the Fund’s Net Asset Value 
 per partnership unit as of the last day of the quarter immediately preceding the redemption date;                               |

| (ii) | with respect to redemption units that may have been outstanding                                                                              
 for at least twenty-four (24) months but fewer than thirty-six (36) months (as of the applicable redemption date), ninety-seven and one-half 
 percent (97.5%) of the Fund’s Net Asset Value per partnership unit as of the last day of the quarter immediately preceding the redemption    
 date; and                                                                                                                                    |

| (iii) | with respect to redemption units that may have been outstanding                                                                               
 for at least thirty-six (36) months (as of the applicable redemption date), the Fund’s Net Asset Value per partnership unit as of             
 the last day of the quarter immediately preceding the redemption date. Notwithstanding the foregoing, the redemption price of each redemption 
 unit issued pursuant to the DRP, and each redemption unit issued to the General Partner or the Special Limited Partner shall be equal         
 to one hundred percent