Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 92

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 92
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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 A Redeemable Preferred Stock may not reflect the underlying value of our assets and
business.

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

The
holders of shares of Series A 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 A Redeemable Preferred Stock rank senior to the rights
of the holders of shares of our common stock as to dividends and payments upon liquidation. Unless full cumulative dividends on shares
of our Series A Redeemable Preferred Stock for all past dividend periods have been declared and paid (or set apart for payment),
we will not declare or pay dividends with respect to any shares of our common stock for any period. Upon liquidation, dissolution or winding
up of our company, the holders of shares of our Series A Redeemable Preferred Stock are entitled to receive a liquidation preference
of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, in each case prior and