Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 200

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 200
---
. We believe that multiple and varied points of view facilitate more balanced,
wide-ranging discussion in the boardroom, and contribute to a more effective decision-making process. Of the five expected members of
our board of directors, one is female, and four self-identify as ethnic minorities:

|        |     | Gender Diversity |     |    |   |
| Women: |     |                1 |     | 20 | % |
| Men:   |     |                4 |     | 80 | % |

|               |     | Ethnic Diversity |     |    |   |
| Minority:     |     |                4 |     | 80 | % |
| Non-minority: |     |                1 |     | 20 | % |

Other considerations in director
nominations include the ability of the candidate to attend board meetings regularly and to devote an appropriate amount of time in preparation
for those meetings. It also is expected that those nominated to serve as independent directors will be individuals who possess a reputation
and hold positions or affiliations befitting a director of a publicly held company and who are actively engaged in their occupations or
professions.

A vacancy in our board of
directors may be filled only by the vote of a majority of the remaining directors, even if the remaining directors do not constitute a
quorum, and any director elected to fill a vacancy will serve for the remainder of the full term of the directorship in which the vacancy
occurred and until a successor is elected and qualifies or until his or her earlier death, resignation or removal. Any director may resign
at any time by delivering his or her resignation to the board of directors. Our charter provides that any or all of our directors may
be removed from office for cause, and then only by the affirmative vote of at least a majority of the votes entitled to be cast generally
in the election of directors. For these purposes, “cause” means, with respect to any particular director, conviction of a
felony or final judgment of a court of competent jurisdiction holding that such director caused demonstrable material harm to us through
bad faith or active and deliberate dishonesty.

Each director will serve a
term beginning on the date of his or her election and ending on the next annual meeting of the stockholders and when his or her successor
is duly elected and qualifies. Under our bylaws, in order to be elected as a director, a director nominee must receive the affirmative
vote of a plurality of