Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 315

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 315
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 obligations as general partner or surrender any right or power granted to us as general partner for the benefit of the limited partners; |

| · | reflect the                                                                                                                       
 issuance of additional Partnership Units or the admission, substitution, termination or withdrawal of partners in accordance with 
 the terms of the partnership agreement;                                                                                           |

| · | set forth or                                                                                                                     
 amend the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Units issued by our 
 Operating Partnership;                                                                                                           |

| · | reflect a change                                                                                                                        
 of an inconsequential nature that does not adversely affect the limited partners in any material respect, or cure any ambiguity,        
 correct or supplement any provisions of the partnership agreement not inconsistent with law or with other provisions of the partnership 
 agreement, or make other changes concerning matters under the partnership agreement that will not otherwise be inconsistent with        
 the partnership agreement or law;                                                                                                       |

| · | reflect changes                                                               
 that are reasonably necessary for us to maintain our qualification as a REIT; |

| · | modify the manner in which capital 
 accounts are computed;             |

| · | include provisions                                                                                                                    
 referenced in future U.S. federal income tax guidance relating to compensatory partnership interests that we determine are reasonably 
 necessary in respect of such guidance; or                                                                                             |

| · | satisfy any requirements, conditions   
 or guidelines of federal or state law. |

Amendments that would, among
other things, convert a limited partner’s interest into a general partner’s interest, modify the limited liability of a limited
partner, adversely alter a partner’s right to receive any distributions or allocations of profits or losses or adversely alter
or modify the redemption rights, or alter the protections of the limited partners in connection with the transactions described in “—Restrictions
on Mergers, Sales, Transfers and Other Significant Transactions” must be approved by each limited partner that would be adversely
affected by such amendment.

<div align='center'>147</div>

In addition, we, as general
partner, will not be permitted to do any of the following except as expressly authorized in the partnership agreement:

| · | without the                                                                                                                        
 written consent of limited partners holding more than 66 2/3% of all of the outstanding Partnership Units held by limited partners 
 other than us, take any action in contravention of an express prohibition or limitation contained in the partnership agreement;    |

| · | enter into                                                                                                                       
 or conduct any business other than in connection with our