Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 196

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 196
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 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.

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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; |

| · | 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