Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 107

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 107
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 directors to take such actions as are necessary and desirable to preserve our qualification as a REIT.
Unless exempted, prospectively or retroactively, by our board of directors, our charter prohibits any person from beneficially or constructively
owning more than 9.8% in value of the aggregate of our outstanding shares of capital stock or 9.8% in value or number of shares, whichever
is more restrictive, of the outstanding shares of our common stock. Our board of directors may not grant an exemption from these restrictions
to any proposed transferee whose ownership in excess of such thresholds does not satisfy certain conditions designed to ensure that we
will not fail to qualify as a REIT. These restrictions on transferability and ownership will not apply, however, if our board of directors
determines that it is no longer in our best interest to continue to qualify as a REIT or that compliance is no longer required for REIT
qualification.

A limit on the percentage of our capital stock and common stock a person may own may discourage a takeover or business combination, which could prevent our common stockholders from realizing a premium price for their common stock.

Our charter restricts direct
or indirect ownership by one person or entity to no more than 9.8%, in value, of the outstanding shares of all classes and series of our
capital stock or 9.8% in value or by number of shares, whichever is more restrictive, of the outstanding shares of our common stock unless
exempted (prospectively or retroactively) by our board of directors. This restriction may have the effect of delaying, deferring or preventing
a change in control of us, including an extraordinary transaction (such as a merger, tender offer or sale of all or substantially all
of our assets) that might provide a premium price to our stockholders.

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Our charter permits our board of directors to issue stock with terms that may subordinate the rights of our common stockholders or discourage a third party from acquiring us in a manner that could result in a premium price to our stockholders.

Our board of directors may
amend our charter from time to time to increase or decrease the aggregate number of shares of stock or the number of shares of stock of
any class or series that we have authority to issue and may classify or reclassify any unissued common stock or preferred stock into other
classes or series of stock and establish the preferences, conversion or other rights, voting powers, restrictions,