Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 202

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 202
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 least annually by the nominating and corporate governance committee in light of changing circumstances
in order to ensure that the Corporate Governance Guidelines continue to serve our and our stockholders’ best interests.

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Code of Business Conduct and Ethics

We will not have a policy
that expressly restricts any of our directors, officers, stockholders or affiliates, including our Manager or Bluerock or their respective
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 officers and employees of our Manager and its affiliates and of Bluerock 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, our board of
directors may, on a case-by-case basis and in its sole discretion, waive such conflict of interest for executive officers or directors,
which must be promptly disclosed to stockholders. Waivers for other personnel may be made by our Chief Executive Officer. Waivers of
our Code of Business Conduct and Ethics will be required 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