Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 194

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 194
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 to be disclosed in accordance with the NYSE American and SEC requirements. A
copy of our Code of Business Conduct and Ethics is available at www.bluerock.com/bluerock-homes-trust/governance-documents.

Board Leadership Structure

We expect our board composition
and our corporate governance guidelines to ensure strong oversight by independent directors. The audit committee, compensation committee
and nominating and corporate governance committee of the board of directors are each composed entirely of independent directors. The
board of directors is led by Mr. Kamfar. As Chairman of our board of directors, Mr. Kamfar is responsible for leading board
meetings and meetings of stockholders, generally setting the agendas for board meetings (subject to the requests of other directors)
and providing information to the other directors in advance of meetings and between meetings. As Chief Executive Officer, Mr. Kamfar
manages our business under the direction of the board of directors and implements our policies as determined by the board of directors.
Pursuant to our Corporate Governance Guidelines, the board of directors does not require the role of the Chairman of the board of directors
and Chief Executive Officer to be separated. However, our Corporate Governance Guidelines requires the appointment of a lead independent
director if the Chairman of the board of directors is not an independent director. Our lead independent director is I. Bobby Majumder.
The role of our lead independent director includes the following duties:

| · | call                                              
 meetings of the independent directors, as needed; |

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| · | develop                                                
 the agendas for meetings of the independent directors; |

| · | preside                                             
 at executive sessions of the independent directors; |

| · | confer                                          
 regularly with the Chief Executive Officer; and |

| · | serve                                                                           
 as a liaison between the Chief Executive Officer and the independent directors. |

Director Independence

Under our Corporate Governance
Guidelines, a majority of the members of our board of directors, and all the members of our audit committee, compensation committee,
and nominating and corporate governance committee, must be “independent.” Our Corporate Governance Guidelines define an “independent”
director in accordance with the NYSE American Company Guide and under applicable law. In addition, audit and compensation committee members
are subject to the additional independence requirements of applicable SEC rules and NYSE American listing standards. Our Corporate
Governance Guidelines require our board of directors to review the independence of all directors at least annually. A director is not
independent unless our board of