Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 234

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 234
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 the foregoing persons.

Under this policy, our audit
committee is responsible for reviewing and approving or ratifying each related person transaction or proposed related person transaction.
In determining whether to approve or ratify a related person transaction, the audit committee is required to consider all relevant facts
and circumstances of the related person transaction available to the audit committee and to approve only those related person transactions
that are in the best interests of the company, as the audit committee determines in good faith. No member of the audit committee will
be permitted to participate in any consideration of a related person transaction with respect to which that member or any of his or her
immediate family is a related person. A copy of the Related Person Transaction Policy is available at www.bluerock.com/bluerock-homes-trust/governance-documents.

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POLICIES WITH RESPECT TO CERTAIN ACTIVITIES</div>

The following is a discussion of certain of our investment, financing and other policies. These policies have been determined by our board of directors and may be amended or revised from time to time by our board of directors without a vote of our stockholders, except as set forth below. Any change to any of these policies, however, would be made by our board of directors only after a review and analysis of that change, in light of then-existing business and other circumstances, and then only if our directors believe, in the exercise of their business judgment, that it is advisable to do so and in our and our stockholders’ best interests.

Our Investment Policies

Investment in Real Estate or Interests in Real Estate

We conduct all of our investment
activities through our operating partnership and its affiliates. We own and operate a diversified portfolio of institutional residential
properties including single-family homes, build-to-rent communities, and other residential communities located in attractive markets
with a focus on the Knowledge/Quality growth markets of the Sunbelt and Western United States, which we expect should have healthy long-term
demand fundamentals for residential rentals. For a discussion of our properties and other strategic objectives, see “Our Business
and Properties.”

We seek to acquire, recapitalize,
and develop properties in our target markets in accordance with our investment guidelines. Although we intend to focus on the property
types and markets discussed above under “Our Business and Properties,” our future investment activities will not be limited
to any geographic area, product type or to a specified percentage of our assets. While we may diversify in terms of property locations,
size and