Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 293

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 293
---
 director or officer who is or
was serving at the request of our company as a director, officer, partner, member, manager or trustee of another corporation, real estate
investment trust, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise) and to any
external manager acting as an agent of the company. In addition, our charter permits us, with the approval of our board of directors,
to provide such indemnification and advancement of expenses to any individual who served a predecessor of us in any of the capacities
described above and to any employee or agent of us or a predecessor of us.

<div align='center'>144</div>

However, the SEC takes the
position that indemnification against liabilities arising under the Securities Act is against public policy and unenforceable.

We have entered into indemnification
agreements with our current directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland
law.

<div align='center'>145

THE OPERATING PARTNERSHIP AGREEMENT</div>

A summary of the material terms and provisions of the Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership, which we refer to as the “partnership agreement,” is set forth below. The following summary does not purport to be complete and is subject to and qualified in its entirety by reference to Maryland law and the partnership agreement. For more detail, please refer to the partnership agreement itself, a copy of which will be filed as an exhibit to the registration statement on Form S-11 of which this prospectus is a part. For purposes of this section, references to “we,” “our,” “us,” “our company” and the “general partner” refer to Bluerock Homes Trust, Inc., in our capacity as the general partner of our Operating Partnership. See the section entitled “Additional Information.”

General

Our Operating Partnership
was formed as a Delaware limited partnership on August 8, 2008. Substantially all of our assets are held by, and substantially all
of our operations are conducted through, our Operating Partnership. We, as general partner, and the limited partners entered into that
certain Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “partnership agreement”).
Pursuant to the partnership agreement, we are the sole general partner of the Operating Partnership.

As the sole general partner
of our Operating Partnership, we have full, exclusive and complete responsibility and discretion in the management and