Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 231

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 231
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 cost-sharing agreement (the “Leasehold
Cost-Sharing Agreement”) to provide for the allocation and sharing between BREH and the company of the costs thereunder, including
costs associated with tenant improvements. BREH and certain of its respective subsidiaries and/or affiliates will share occupancy of the
NY Premises. Under the Leasehold Cost-Sharing Agreement, if there is a change in control of either BREH or the company, the allocation
of costs under the Leasehold Cost-Sharing Agreement shall be modified to thereafter allocate such costs based on the average of the cost-sharing percentages
between BREH and the company over the four most recently-completed calendar quarters immediately preceding the change in control date
(or shall be the average cost-sharing percentages over such shorter period, if the change in control occurs earlier than the completion
of four calendar quarters). Under the NY Premises Lease, the company, through its Operating Partnership, issued a payment of approximately
$450,000 as a security deposit. Payment by BREH of any amounts payable under the Leasehold Cost-Sharing Agreement to the company will
be made in cash.

The table below presents the
related party amounts receivable from BREH at December 31, 2024 pursuant to the terms of the Leasehold Cost-Sharing Agreement (amounts
in thousands). No amounts were receivable from BREH at December 31, 2023. The Company records these receivables in due from affiliates
in its consolidated balance sheets.

| Amounts receivable from BREH under the Leasehold Cost-Sharing Agreement |     | 2024 |       |
|:------------------------------------------------------------------------|:----|:-----|------:|
| Capital improvement cost reimbursements                                 |     | $    |   925 |
| Operating and direct expense reimbursements                             |     |      |   124 |
| Total amounts receivable from the Manager                               |     | $    | 1,049 |

At December 31, 2024
and 2023, the company had no other receivables due from any related parties.

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BR Amira DST Manager, LLC - Amira at Westly DST

The Company has agreed to
pay an asset management fee equal to 0.02% per annum of the Amira at Westly purchase price of $103 million, or $206,000 annually, to BR
Amira DST Manager, LLC, which is wholly owned by Bluerock Asset Management, LLC.