Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 232

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 232
---
 During the year ended December 31 2024, the company
incurred a total asset management fee related to Amira at Westly of $35,000 which is recorded within property management and asset management
fees on the company’s consolidated statements of operations and comprehensive income. The company did not incur any asset management
fees related to Amira at Westly in 2023. In addition, the company incurred a one-time acquisition fee of $2.1 million payable to BR Amira
DST Manager, LLC upon the completion of the Amira at Westly private placement offering.

The table below presents the
related party amounts payable to BR Amira DST Manager, LLC at December 31, 2024 (amounts in thousands). No amounts were payable at
December 31, 2023. The Company records these payables in due to affiliates in its consolidated balance sheets.

| Amounts payable to BR Amira DST Manager, LLC       |     | 2024 |       |
|:---------------------------------------------------|:----|:-----|------:|
| One-time acquisition fee                           |     | $    | 2,083 |
| Asset management fees                              |     |      |    35 |
| Total amounts payable to BR Amira DST Manager, LLC |     | $    | 2,118 |

Selling Commissions and Dealer Manager Fees

In conjunction with the offering
of the company’s Series A Preferred Stock, the company engaged a related party as dealer manager, and pays up to 10% of the
gross offering proceeds from the offering as selling commissions and dealer manager fees. The dealer manager re-allows the substantial
majority of the selling commissions and dealer manager fees to participating broker-dealers and incurs costs in excess of the 10%, which
costs are borne by the dealer manager without reimbursement by the company. For the year ended December 31, 2024, the company incurred
$7.3 million in selling commissions and discounts and $3.1 million in dealer manager fees and discounts related to its offering of Series A
Preferred Stock. In addition, the Manager was, or shall be, reimbursed for offering costs of $1.0 million in conjunction with the offering
of Series A Preferred Stock during the year ended December 31, 2024. The selling commissions, dealer manager fees, discounts
and reimbursements for offering costs were recorded as a reduction to the proceeds of the offering.

Related Person Transaction Policy

Our board