Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 243

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 243
---
 independent employees. Our executive officers and our directors serve as officers of Bluerock and its affiliates.
As a result, conflicts of interest may arise between our Manager and its affiliates, on the one hand, and us on the other.

We do not have a policy that
expressly restricts any of our directors, officers, stockholders or affiliates, including our Manager and its officers and employees,
from having a pecuniary interest in an investment in or from conducting, for their own account, business activities of the type we conduct.
However, our code of business conduct and ethics contains a conflicts of interest policy that prohibits our directors, officers and personnel,
as well as employees and officers of our Manager and its affiliates who provide services to us, from engaging in any transaction that
involves an actual conflict of interest with us. Notwithstanding the prohibitions in our code of business conduct and ethics, after considering
the relevant facts and circumstances of any actual conflict of interest, the audit committee of our board of directors or another committee
of our board of directors comprised solely of independent directors may, on a case-by-case basis and in their sole discretion, waive such
conflict of interest. Waivers of our code of business conduct and ethics will be required to be disclosed in accordance with NYSE American
and SEC requirements.

<div align='center'>124</div>

Interested Director and Officer Transactions

Pursuant to the MGCL, a contract
or other transaction between us and a director or between us and any other corporation or other entity in which any of our directors is
a director or has a material financial interest is not void or voidable solely on the grounds of such common directorship or interest.
The common directorship or interest, the presence of such director at the meeting at which the contract or transaction is authorized,
approved or ratified or the counting of the director’s vote in favor thereof will not render the transaction void or voidable if:

| · | the                                                                                                                                   
 fact of the common directorship or interest is disclosed or known to our board of directors or a committee of our board of directors, 
 and our board of directors or such committee authorizes, approves or ratifies the transaction or contract by the affirmative vote     
 of a majority of disinterested directors, even if the disinterested directors constitute less than a quorum;                          |

| · | the                                                                                                                                 
 fact of the common directorship or interest is disclosed or known to our stockholders entitled to vote thereon, and the transaction 
 is authorized, approved