Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 202

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 202
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 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.

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 the pledgor’s exposure to fluctuations in the company’s stock price; |

| · | strictly limit the amount of leverage allowed on executive officer or director loans from third parties for which a portion of their holdings of company equity securities have been pledged as collateral, to protect the company and its stockholders from potential risks associated with a forced sale by the lender; |

| · | require audit committee pre-certification and pre-approval prior to the entry by any executive officer or director into any proposed loan or other arrangement requiring the pledging of company securities; and |

| · | foster and encourage our executive officers and directors to maintain and increase their equity ownership levels well above the levels mandated by the company’s Stock Ownership Guidelines, thereby strengthening the alignment of their economic interests in the company with those of stockholders, in part by permitting them, subject to the strict leverage restrictions, pre-approval and ongoing audit committee monitoring and oversight addressed above, to pledge a limited amount of their company equity to secure loans. Such limited pledging will offer them access to liquidity, for purposes other than to serve as a hedge, and provide them with an alternative to the sale of such company equity and the resulting, undesirable reduction in equity ownership and dilution of alignment of interests with stockholders. |

Our board of directors will
foster and encourage high levels of equity ownership of the company’s equity securities by our executive officers and directors
in the interest of providing the strongest-possible incentive to align the interests of our executive officers and directors with those
of