Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 185

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 185
---
 with its employees to provide opportunities for their professional
development and promote their well-being. To that end, our Manager or its affiliates have undertaken various initiatives, including the
following:

| · | implementing an Environmental,                                                                                                             
 Social, and Corporate Governance Initiative to codify and disclose its commitment to good corporate citizenship, including the appointment 
 of an internal corporate responsibility committee in support of its ongoing commitment to sustainability, health and safety, corporate     
 social responsibility, corporate governance, and other public policy matters;                                                              |

| · | providing department-specific                                                                          
 training, access to online training seminars and opportunities to participate in industry conferences; |

| · | providing annual reviews                                                                                                              
 and regular feedback to assist in employee development and providing opportunities for employees to provide suggestions to management 
 and safely register complaints;                                                                                                       |

| · | providing family leave, for example, for the birth 
 or adoption of a child, as well as sick leave;     |

| · | focusing on creating a                            
 workplace that values employee health and safety; |

<div align='center'>119</div>

| · | committing to the full                                                                                                                
 inclusion of all qualified employees and applicants and providing equal employment opportunities to all persons, in accordance with   
 the principles and requirements of the Equal Employment Opportunities Commission and the principles and requirements of the Americans 
 with Disabilities Act; and                                                                                                            |

| · | recognizing the importance                                                                                                              
 and contributions of a diverse workforce, with an appreciation for the unique perspectives and insights offered by diverse backgrounds. |

Legal Proceedings

We are not party to, and
none of our properties are subject to, any material pending legal proceeding.

Investment Company Act Limitations

We intend to conduct our
operations so that neither the company, nor the Operating Partnership, nor a subsidiary of the Operating Partnership will be required
to register as an investment company under the Investment Company Act. Section 3(a)(1)(A) of the Investment Company Act defines
an investment company as any issuer that is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business
of investing, reinvesting or trading in securities. Section 3(a)(1)(C) of the Investment Company Act defines an investment
company as any issuer that is engaged or proposes to engage in the business of investing, reinvesting, owning, holding or trading in
securities and owns or proposes to acquire investment securities having a value exceeding 40% of the value of the issuer’s total
assets (exclusive of U.S. Government securities