Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 214

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 214
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 will terminate on the tenth anniversary of the Distribution
Date.

<div align='center'>109

OUR MANAGER AND RELATED AGREEMENTS</div>

Our Manager

We are externally managed
and advised by our Manager, pursuant to a Management Agreement. See “—The Management Agreement.” Our Manager is primarily
responsible for managing our day-to-day business affairs and assets and implementing our investment strategy, subject to the directives
and supervision of our board of directors. Our Manager maintains a contractual as opposed to a fiduciary relationship with us. Our Manager
conducts our operations and manages our portfolio of real estate investments. We have no paid employees.

The following table and biographical
descriptions set forth certain information with respect to the individuals who serve as the senior officers of our Manager:

| Name                |     | Age* |     | Position(s)                           |
| R. Ramin Kamfar     |     |   61 |     | Chief Executive Officer               |
| Jordan Ruddy        |     |   62 |     | President                             |
| Ryan S. MacDonald   |     |   41 |     | Chief Investment Officer              |
| James G. Babb, III  |     |   60 |     | Chief Strategy Officer                |
| Christopher J. Vohs |     |   48 |     | Chief Financial Officer and Treasurer |
| 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