Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 292

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 292
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 Partnership of the Operating Partnership, which we refer to as the “partnership agreement,” is set forth below. The following summary does not purport to be complete and is subject to and qualified in its entirety by reference to Maryland law and the partnership agreement. For more detail, please refer to the partnership agreement itself, a copy of which will be filed as an exhibit to the registration statement on Form S-11 of which this prospectus is a part. For purposes of this section, references to “we,” “our,” “us,” “our company” and the “general partner” refer to Bluerock Homes Trust, Inc., in our capacity as the general partner of our Operating Partnership. See the section entitled “Additional Information.”

General

Our Operating Partnership
was formed as a Delaware limited partnership on August 8, 2008. Substantially all of our assets are held by, and substantially all
of our operations are conducted through, our Operating Partnership. We, as general partner, and the limited partners entered into that
certain Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “partnership agreement”).
Pursuant to the partnership agreement, we are the sole general partner of the Operating Partnership.

As the sole general partner
of our Operating Partnership, we have full, exclusive and complete responsibility and discretion in the management and control of our
Operating Partnership, including the ability to cause our Operating Partnership to enter into certain major transactions, including acquisitions,
dispositions, and refinancings, select tenants for our properties, enter into leases for our properties, make distributions to partners,
and cause changes in our Operating Partnership’s business activities.

Limited partners other than
us own approximately 66% of our Operating Partnership. The limited partners of our Operating Partnership have no authority in their capacity
as limited partners to transact business for, or participate in the management activities or decisions of, our Operating Partnership except
as required by applicable law. Consequently, we, by virtue of our position as the sole general partner, control the assets and business
of our Operating Partnership.

In the partnership agreement,
the limited partners of our Operating Partnership expressly acknowledge that we, as general partner, are acting for the benefit of our
Operating Partnership, the limited partners and our stockholders, collectively. Except as further described below, neither we nor our
board of directors are under any obligation to give priority to the separate interests of the limited partners in deciding whether to
cause our Operating Partnership to take or decline to take