Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 305

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 305
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income tax liability associated with our retained capital gains), and (2) ensure that our Operating Partnership will not be classified
as a “publicly traded partnership” for purposes of Section 7704 of the Code, which classification could result in our
Operating Partnership being taxed as a corporation, rather than as a partnership, for U.S. federal income tax purposes.

Rights, Obligations and Powers of the General Partner

As our Operating Partnership’s
general partner, generally we will have complete and exclusive discretion to manage and control our Operating Partnership’s business
and to make all decisions affecting its assets. This authority generally will include, among other things, the authority to:

| · | acquire, purchase, own, operate, lease and dispose of any real property and any other property; |

| · | construct buildings and make other improvements on owned or leased properties; |

| · | authorize, issue, sell, redeem or otherwise purchase any OP Units or any securities of the Operating Partnership; |

| · | borrow or lend money; |

| · | make or revoke any tax election; |

| · | maintain insurance coverage in amounts and types as we determine is necessary; |

| · | retain employees or other service providers; |

| · | form or acquire interests in joint ventures; and |

| · | merge, consolidate or combine our Operating Partnership with another entity. |

In addition to the administrative
and operating costs and expenses incurred by our Operating Partnership, our Operating Partnership generally will pay all of our administrative
costs and expenses, including:

| · | all expenses relating to our continuity of existence and our subsidiaries’ operations; |

| · | all expenses relating to offerings and registration of securities; |

| · | all expenses associated with the preparation and filing of any of our periodic or other reports and communications under U.S. federal, state or local laws or regulations; |

| · | all expenses associated with our compliance with laws, rules and regulations promulgated by any regulatory body; and |

| · | all of our other operating or administrative costs incurred in the ordinary course of business on behalf of our Operating Partnership. |

These expenses, however, do
not include any of our administrative and operating costs and expenses incurred that are attributable to properties or interests in subsidiaries
that are owned by us directly rather than by our Operating Partnership or its subsidiaries, if any.

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Fiduciary Responsibilities of the General Partner

Our directors and officers
will have duties under applicable Maryland law to manage