Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 215

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 215
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 are parties to a Management Agreement (the “Management Agreement”). In connection with the execution of the
Merger Agreement, the Bluerock Residential board of directors received an opinion from Robert A. Stanger & Company, Inc.
that the terms of the Management Agreement are fair, from a financial point of view, to the company, and after consideration of this opinion
and other documents and presentations, the non-management directors authorized the company to enter into the Management Agreement. The
Management Agreement requires our Manager to manage our business affairs in conformity with our investment guidelines and other policies
that are approved and monitored by our board of directors. Our Manager’s role as Manager is under the supervision and direction
of our board of directors. Our Manager will not manage or advise any other entities and will not actively seek new management or advisory
clients, although it will not be prohibited from doing so by the Management Agreement.

Management Services

Our Manager is responsible
for, among other things, (i) the selection, purchase and sale of our portfolio investments, (ii) our financing activities, and
(iii) providing us with advisory services. Our Manager is responsible for our day-to-day operations and will perform (or will cause
to be performed) such services and activities relating to our investments and operations as may be appropriate, which may include, without
limitation, the following:

| · | serving as                                                                                                                               
 our consultant with respect to the periodic review of the investment guidelines and other parameters for our investments, financing      
 activities and operations, any modification to which will be approved by the board of directors (including a majority of the independent 
 directors);                                                                                                                              |

| · | investigating,                                                                                                                     
 analyzing, and selecting possible investment opportunities and acquiring, financing, retaining, selling, restructuring, exchanging 
 or disposing of investments consistent with our investment guidelines;                                                             |

| · | with respect                                                                                                                                
 to prospective investment transactions and financing transactions, conducting negotiations (including negotiation of definitive agreements) 
 on our behalf with sellers, purchasers, and brokers and, if applicable, their respective agents and representatives;                        |

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| · | effecting any                                                                                                                      
 private placement of interest in the Operating Partnership, tenancy-in-common or other interests in investments as may be approved 
 by the board of directors;                                                                                                         |

| · | engaging and                                                                                                                           
 supervising, on our behalf and at our expense, independent contractors that provide investment banking, securities brokerage, mortgage 
 brokerage, real estate brokerage, other financial