Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 100

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 100
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 · | actual or anticipated quarterly                                          
 fluctuations in our business, financial condition and operating results; |

| · | changes in                                                                                                                             
 revenues or earnings estimates or publication of research reports and recommendations by financial analysts or actions taken by rating 
 agencies with respect to our securities or those of other REITs;                                                                       |

| · | the ability of our tenants to pay                                            
 rent to us and meet their other obligations to us under current lease terms; |

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| · | our ability to re-lease spaces as 
 leases expire;                    |

| · | our ability to refinance our indebtedness 
 as it matures;                            |

| · | any changes in our dividend policy; |

| · | any future issuances of equity securities; |

| · | strategic actions by us or our competitors, 
 such as acquisitions or restructurings;     |

| · | general market conditions and, in                                                       
 particular, developments related to market conditions for the real estate industry; and |

| · | domestic and international economic   
 factors unrelated to our performance. |

Accordingly, an actual or
active market for our Class A common stock may not be maintained, the prices at which shares of our Class A common stock trade
may fluctuate significantly, the market for our Class A common stock may not be liquid, the holders of our Class A common stock
may be unable to sell their shares of our Class A common stock, and the prices that may be obtained following the sale of our Class A
common stock upon the redemption of your Series B Redeemable Preferred Stock may not reflect the underlying value of our assets
and business.

Shares of Series B Redeemable Preferred Stock may be redeemed for shares of our Class A common stock, which rank junior to the Series B Redeemable Preferred Stock with respect to dividends and upon liquidation.

The
holders of shares of Series B Redeemable Preferred Stock may require us to redeem such shares, with the redemption price
payable, in our sole discretion, in cash or in equal value of shares of our Class A common stock, based on the closing price
per share of our Class A common stock for the single trading day prior to the date of redemption. We may opt to pay the
redemption price in shares of our Class A common stock. The rights of the holders of shares of Series B Redeemable
Preferred Stock and Series A Redeemable Preferred Stock rank senior to the rights of the holders of shares of our common stock