Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 383

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 383
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 subscription agreements, which
will be delivered to the escrow agent, UMB Bank, N.A. In addition, such investors will pay the full purchase price for their shares to
the escrow agent (as set forth in the subscription agreement), to be held in trust for the investors’ benefit pending release to
us as described herein. See “— Settlement Procedures” for a description of the closing procedures with respect
to each of the closing methods.

Bluerock Capital Markets,
a member firm of FINRA, is indirectly controlled by R. Ramin Kamfar, a principal of Bluerock. Bluerock Capital Markets is a Massachusetts
limited liability company with a principal business address of 4100 Newport Place, Suite 650, Newport Beach, California 92660 and
its telephone number is (877) 826-BLUE (2583).

Compensation of Dealer Manager and Participating Broker-Dealers

We will pay to Bluerock Capital
Markets selling commissions of up to 7.0% of the gross offering proceeds from the offering. We will also pay to Bluerock Capital Markets
a placement fee of up to 3.0% of the gross offering proceeds from the offering as compensation for acting as dealer manager. As dealer
manager, Bluerock Capital Markets will manage, direct and supervise its associated persons who will be wholesalers in connection with
the offering. The combined selling commission and placement fee under this offering will not exceed FINRA’s 10.0% cap. Our dealer
manager will repay to the company any excess payments made to our dealer manager over FINRA’s 10.0% cap if this offering is abruptly
terminated before reaching the maximum amount of offering proceeds. We will not pay referral or similar fees to any accountants, attorneys
or other persons in connection with the distribution of the Series B Redeemable Preferred Stock.

We expect Bluerock Capital
Markets to authorize other broker-dealers that are members of FINRA, which we refer to as participating broker-dealers, to sell our shares
of Series B Redeemable Preferred Stock. Bluerock Capital Markets may reallow all or any portion of its selling commissions to participating
broker-dealers. Bluerock Capital Markets may also reallow a portion of the placement fee earned on the proceeds raised by a participating
broker-dealer, to such participating broker-dealer as a non-accountable marketing or due diligence allowance. The amount of the reallowance
to any participating broker