Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 233

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 233
---
 of directors has
adopted a written Related Person Transaction Policy, for which the audit committee oversees compliance. The purpose of this policy is
to describe the procedures used to identify, review and approve any existing or proposed transaction, arrangement, relationship (or series
of similar transactions, arrangements or relationships) in which (a) we, our Operating Partnership or any of our subsidiaries were,
are or will be a participant, (b) the aggregate amount involved exceeds $120,000, and (c) a related person has or will
have a direct or indirect interest. For purposes of this policy, a related person will be (i) any person who is, or at any time since
the beginning of the current fiscal year was, a director, director nominee, or executive officer of the company, (ii) any beneficial
owner of more than 5% of our stock, or (iii) any immediate family member of any of the foregoing persons.

Under this policy, our audit
committee is responsible for reviewing and approving or ratifying each related person transaction or proposed related person transaction.
In determining whether to approve or ratify a related person transaction, the audit committee is required to consider all relevant facts
and circumstances of the related person transaction available to the audit committee and to approve only those related person transactions
that are in the best interests of the company, as the audit committee determines in good faith. No member of the audit committee will
be permitted to participate in any consideration of a related person transaction with respect to which that member or any of his or her
immediate family is a related person. A copy of the Related Person Transaction Policy is available at www.bluerock.com/bluerock-homes-trust/governance-documents.

<div align='center'>120

POLICIES WITH RESPECT TO CERTAIN ACTIVITIES</div>

The following is a discussion of certain of our investment, financing and other policies. These policies have been determined by our board of directors and may be amended or revised from time to time by our board of directors without a vote of our stockholders, except as set forth below. Any change to any of these policies, however, would be made by our board of directors only after a review and analysis of that change, in light of then-existing business and other circumstances, and then only if our directors believe, in the exercise of their business judgment, that it is advisable to do so and in our and our stockholders’ best interests.

Our Investment Policies

Investment in Real