Company: BHM
Filing Date: 2025-03-06
Form Type: 8-K
Source: 0001104659-25-021353
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Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-06
Form: 8-K
Item: Item 1.01
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ITEM 1.01      ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT  

As previously disclosed in
the Form 8-K filed with the Securities and Exchange Commission (the “ SEC”) on October 6, 2022 by Bluerock Homes Trust, Inc.,
a Maryland corporation (the “ Company”), on October 5, 2022, the Company entered into a Management Agreement (the “ Original
Management Agreement”) with its operating partnership, Bluerock Residential Holdings, L. P., a Delaware limited partnership (the
“ Operating Partnership”), and its external manager, Bluerock Homes Manager, LLC, a Delaware limited liability company (the
“ Manager”), pursuant to which the Manager administers the business activities and day-to-day operations of the Company. As
previously disclosed in the Form 8-K filed with the SEC on January 12, 2023, on January 10, 2023, the Company, the Operating Partnership
and the Manager entered into an Amendment to the Original Management Agreement (the “ Amendment,” and together with the Original
Management Agreement, the “ Management Agreement”) to amend the definition of “ Base Management Fee” therein and
Section 7(c) thereof.

The Management Agreement
provides for the payment of a base management fee to the Manager (the “ Base Management Fee”) to compensate the Manager for
advisory services and certain general management services rendered thereunder. Pursuant to Section 6(c) of the Management Agreement, the
Base Management Fee is payable in quarterly installments, (i) one half in C-LTIP units of the Operating Partnership (“ C-LTIP Units”),
and (ii) the remainder in cash or C-LTIP Units, at the election of the Company’s board of directors (the “ Board”).

OnFebruary 28, 2025, the Board, including
its independent directors, approved the further amendment of the Management Agreement pursuant to that certain Second Amendment to Management
Agreement datedFebruary 28, 2025(the “ Second Amendment”). Pursuant to the Second
Amendment, Section 6(c) of the Management Agreement specifies that the Base Management Fee shall be payable to the Manager on a quarterly
basis, which payments shall be made in cash, except as may otherwise be specified by written agreement of the Company and the Manager
with respect to payment of all or any portion thereof in C-LTIP Units, with the number of C-LTIP Units payable as the Base Management
Fee,