Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 191

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 191
---
2.5 billion worth of commercial real
estate transactions. Earlier in his career, Mr. Tio was involved in real estate sales and brokerage for 25 years. Mr. Tio also
has served as an independent trustee of the Board of Trustees of Bluerock Total Income + Real Estate Fund since 2012 and as an independent
trustee on the Board of Trustees of Bluerock High Income Institutional Credit Fund since 2022. Mr. Tio received a B.S. degree in
biochemistry in 1982 from Hofstra University.

<div align='center'>96</div>

Committees of the Board of Directors

The board of directors has
established three standing committees that perform certain delegated functions of the board: an audit committee, a compensation committee
and a nominating and corporate governance committee. All of our committees consist solely of independent directors. The principal functions
of these committees are briefly described below. Our board of directors may from time to time establish other committees to facilitate
our management. The committee charters are available on our website at www.bluerock.com/bluerock-homes-trust/governance-documents.

Audit Committee

Our board of directors established
an audit committee, which is comprised of three of our independent directors: I. Bobby Majumder, Kamal Jafarnia and Romano Tio. Mr. Majumder
is the chairman of our audit committee and is designated as the “audit committee financial expert” as defined by the applicable
rules promulgated by the SEC and the NYSE American corporate governance listing standards.

The audit committee meets
on a regular basis, at least quarterly and more frequently as necessary. The audit committee’s primary functions are:

| · | to evaluate and approve the audit and non-audit services and fees of our independent registered public accounting firm; |

| · | to periodically review the auditors’ independence; and |

| · | to assist our board of directors in fulfilling its oversight responsibilities by reviewing the financial information to be provided to the stockholders and others, management’s system of internal controls and procedures, and the audit and financial reporting process. |

The audit committee also reviews
and approves certain related party transactions, as described under “Certain Relationships and Related Party Transactions.”
The audit committee fulfills these responsibilities primarily by carrying out the activities enumerated in the audit committee charter,
as amended by the audit committee from time to time.

Compensation Committee

Our board of directors established
a compensation committee, which is comprised of three