Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 208

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 208
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 of directors as deemed appropriate by our Secretary, depending on the facts and circumstances outlined
in the communication received. For example, if any questions regarding accounting, internal accounting controls and auditing matters
are received, they will be forwarded by our Secretary to the audit committee for review.

Stock Ownership Guidelines

To further align the interests
of our executive officers and directors with the interests of our stockholders, and to promote our commitment to sound corporate governance,
our board of directors has implemented stock ownership guidelines for our executive officers and our independent directors.

The Stock Ownership Guidelines
provide that, within five years of the later date of adoption of the guidelines or the date an individual first becomes subject to the
guidelines upon becoming a director or executive officer:

| · | our Chief Executive Officer                                                                                          
 will be required to own shares of our common stock, including restricted stock, valued at a minimum of $2.5 million; |

| · | all other executive officers                                                                                         
 will be required to own shares of our common stock, including restricted stock, valued at a minimum of $750,000; and |

| · | independent directors will                                                                                                           
 be required to own shares of our common stock valued at a minimum of three times their annual cash retainer for service on the board 
 of directors.                                                                                                                        |

Any shares owned directly
or indirectly (including shares owned in trust and including restricted stock) by the executive officer or director, or his or her spouse
or minor children, will constitute qualifying shares that count toward satisfaction of the Stock Ownership Guidelines, and that any deferred
or restricted stock units, OP Units and LTIP Units (with each such OP Unit and LTIP Unit counting as, and having a value equivalent to,
one share of our common stock) owned by the executive officer or director will also constitute qualifying shares that count toward satisfaction
of the Stock Ownership Guidelines. Any shares underlying stock options will not count toward satisfaction of the Stock Ownership Guidelines.

As of the date of this prospectus,
we expect that all of our directors and executive officers will be in compliance with our Stock Ownership Guidelines or on track to be
compliant within the five-year period specified by the guidelines.

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Pledging Policy

Our board of directors has
adopted a Pledging Policy Regarding Company Securities (the “Pledging Policy”). The Pledging Policy is designed to achieve
the following goals:

| · | prohibit any pledging by                                                                                                 
 executive officers or directors for the purpose of hedging