Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 280

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 280
---
 any                                                                                                                         
 other class or series of our capital stock, the terms of which expressly provide that it will rank senior to the Series B 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 B
Redeemable Preferred Stock should note that holders of our Series B 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 B 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 B 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 B Redeemable
Preferred Stock, if any such class or series is authorized in the future, the holders of Series B 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 B Redeemable Preferred Stock at an annual rate of 7.5% of the Stated Value (each, a “Series B
Dividend”). We expect Series B Dividends will be authorized and declared on a quarterly basis, payable monthly on the 5th
day of the month (the “Series B Dividend Payment Date”) to holders of record as of the close of business on the 25th
day of the prior month (the “Series B Dividend Record Date”) (or if such payment date or record date is not a business
day, on the immediately preceding business day, with the same force and effect as if made on such date), unless our results of operations,
our general financing conditions, general economic conditions, applicable provisions of Maryland law or other factors make it imprudent
to do so. The initial Series B Dividend payable on each share of Series B Redeemable Preferred Stock will begin accruing on,
and will be cumulative from, the date of original issuance of such share of Series B Redeemable Preferred Stock. Each subsequent
Series B Dividend will begin accruing on, and will be cumulative from, the end of the most recent Series B Dividend Period
for which a Series B Dividend