Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 232

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 232
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 BREH of any amounts payable under the Leasehold Cost-Sharing Agreement to the company will
be made in cash.

The table below presents the
related party amounts receivable from BREH at December 31, 2024 pursuant to the terms of the Leasehold Cost-Sharing Agreement (amounts
in thousands). No amounts were receivable from BREH at December 31, 2023. The Company records these receivables in due from affiliates
in its consolidated balance sheets.

| Amounts receivable from BREH under the Leasehold Cost-Sharing Agreement |     | 2024 |       |
|:------------------------------------------------------------------------|:----|:-----|------:|
| Capital improvement cost reimbursements                                 |     | $    |   925 |
| Operating and direct expense reimbursements                             |     |      |   124 |
| Total amounts receivable from the Manager                               |     | $    | 1,049 |

At December 31, 2024
and 2023, the company had no other receivables due from any related parties.

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BR Amira DST Manager, LLC - Amira at Westly DST

The Company has agreed to
pay an asset management fee equal to 0.02% per annum of the Amira at Westly purchase price of $103 million, or $206,000 annually, to BR
Amira DST Manager, LLC, which is wholly owned by Bluerock Asset Management, LLC. During the year ended December 31 2024, the company
incurred a total asset management fee related to Amira at Westly of $35,000 which is recorded within property management and asset management
fees on the company’s consolidated statements of operations and comprehensive income. The company did not incur any asset management
fees related to Amira at Westly in 2023. In addition, the company incurred a one-time acquisition fee of $2.1 million payable to BR Amira
DST Manager, LLC upon the completion of the Amira at Westly private placement offering.

The table below presents the
related party amounts payable to BR Amira DST Manager, LLC at December 31, 2024 (amounts in thousands). No amounts were payable at
December 31, 2023. The Company records these payables in due to affiliates in its consolidated balance sheets.

| Amounts payable to BR Amira DST Manager, LLC       |     | 2024