Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 217

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 217
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| Michael DiFranco    |     |   60 |     | Executive Vice President, Operations  |
| Jason Emala         |     |   46 |     | Chief Legal Officer and Secretary     |

*As of March 15, 2025.

The background and experience
of Messrs. Kamfar, Ruddy, MacDonald, Babb, Vohs, DiFranco and Emala are described above in “Management —Executive Officers.”

Bluerock Real Estate

Our Manager is an affiliate
of Bluerock Real Estate, L.L.C. (together with its affiliates, “Bluerock”), a leading institutional alternative asset manager
based in New York with regional offices across the United States. Bluerock principals have a collective 100+ years of investing experience
with more than $120 billion in real estate and capital markets experience and manage multiple well-recognized real estate private and
public company platforms, including the successful seeding, public listing and operation of Bluerock Residential. Bluerock has over $15 billion
in acquired and managed assets.

Management Agreement

We, the Operating Partnership
and our Manager are parties to a Management Agreement (the “Management Agreement”). In connection with the execution of the
Merger Agreement, the Bluerock Residential board of directors received an opinion from Robert A. Stanger & Company, Inc.
that the terms of the Management Agreement are fair, from a financial point of view, to the company, and after consideration of this opinion
and other documents and presentations, the non-management directors authorized the company to enter into the Management Agreement. The
Management Agreement requires our Manager to manage our business affairs in conformity with our investment guidelines and other policies
that are approved and monitored by our board of directors. Our Manager’s role as Manager is under the supervision and direction
of our board of directors. Our Manager will not manage or advise any other entities and will not actively seek new management or advisory
clients, although it will not be prohibited from doing so by the Management Agreement.

Management Services

Our Manager is responsible
for, among other things, (i) the selection, purchase and sale of our portfolio investments, (ii) our financing activities, and
(iii) providing us with advisory services. Our Manager is responsible for our day-to-day operations and will perform (or will cause
to be performed) such services and activities relating to our investments and operations as may be appropriate, which may include, without
limitation, the following:

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