Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 377

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 377
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2025

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 31. Other Expenses of Issuance and Distribution

The following table sets forth the costs and expenses
of the sale and distribution of the securities being registered, all of which are being borne by us. All amounts shown are estimates except
for the SEC registration fee and the Financial Industry Regulatory Authority, Inc., or FINRA, filing fee.

| Securities and Exchange Commission Registration Fee |     | $ |    55,100 |
| FINRA Filing Fee                                    |     |   |    75,500 |
| Printing and Engraving Expenses                     |     |   |   850,000 |
| Legal Fees and Expenses                             |     |   |   769,400 |
| Accounting Fees and Expenses                        |     |   | 1,750,000 |
| Transfer Agent and Registrar Fees                   |     |   |   600,000 |
| Miscellaneous                                       |     |   | 1,050,000 |
| Total                                               |     | $ | 5,150,000 |

Item 32. Sales to Special Parties

See Item 33.

Item 33. Recent Sales of Unregistered Securities

On November 3, 2022,
the company made an initial staking grant to the Manager of 405,796 of the Operating Partnership’s long-term incentive plan
units (“LTIP Units”) pursuant to the BHM Incentive Plans. Effective November 2, 2023, for tax efficiency purposes, the
Manager forfeited 367,357 unvested LTIP Units granted to the Manager on November 3, 2022 in payment of the initial staking grant.
On November 3, 2023, by mutual agreement of the Manager and the company, and at the direction of the Manager, such 367,357 unvested
LTIP Units were issued directly to and among certain of the BREH Personnel (as defined below), pursuant to the Bluerock Homes Trust, Inc.
2022 Equity Incentive Plan for Individuals (the “BHM Individuals Plan”), as equity compensation for services provided to the
Manager in such capacities. These issuances were made in satisfaction of the Manager’s obligation to its affiliate, Bluerock Real
Estate Holdings, LLC (“BREH”), for compensation-related expenses incurred by BREH in connection with its employment of the
Manager’s executive management team and personnel who provide other services to the Manager