Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 216

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 216
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 participants
under the BHM Incentive Plans, materially increases the aggregate number of shares of our common stock that may be issued under the BHM
Incentive Plans (other than on account of stock dividends, stock splits, or other changes in capitalization as described above) or materially
modifies the requirements as to eligibility for participation in the BHM Incentive Plans. For the avoidance of doubt, without the approval
of stockholders, our board of directors may not (except on account of stock dividends, stock splits, or other changes in capitalization)
(a) reduce the option price per share of an outstanding option or the exercise price of a stock appreciation right, (b) cancel
an outstanding option or stock appreciation right when the option price or exercise prices applicable exceeds the fair market value of
our common stock or (c) take any other action that may be treated as a repricing of an option or stock appreciation right under the
rules and regulations of the principal exchange on which the common stock is listed for trading. Unless terminated sooner by our
board of directors or extended with stockholder approval, the BHM Incentive Plans will terminate on the tenth anniversary of the Distribution
Date.

<div align='center'>111

OUR MANAGER AND RELATED AGREEMENTS</div>

Our Manager

We are externally managed
and advised by our Manager, pursuant to a Management Agreement. See “—The Management Agreement.” Our Manager is primarily
responsible for managing our day-to-day business affairs and assets and implementing our investment strategy, subject to the directives
and supervision of our board of directors. Our Manager maintains a contractual as opposed to a fiduciary relationship with us. Our Manager
conducts our operations and manages our portfolio of real estate investments. We have no paid employees.

The following table and biographical
descriptions set forth certain information with respect to the individuals who serve as the senior officers of our Manager:

| Name                |     | Age* |     | Position(s)                           |
| R. Ramin Kamfar     |     |   61 |     | Chief Executive Officer               |
| Jordan Ruddy        |     |   62 |     | President                             |
| Ryan S. MacDonald   |     |   41 |     | Chief Investment Officer              |
| James G. Babb, III  |     |   60 |     | Chief Strategy Officer                |
| Christopher J. Vohs |     |   48 |     | Chief Financial Officer and Treasurer