Material Agreement Form 8 K

Contribution Agreement for Acquisition of Allure Property

On November 20, 2024, Bluerock Homes Trust, Inc., a Maryland corporation (the "Company"), through BHM Allure, LLC ("BHM Allure"), a Delaware limited liability company and wholly-owned subsidiary of the Company's operating partnership, Bluerock Residential Holdings, L.P., a Delaware limited partnership (the "Operating Partnership") and BR S2 Allure JV, a Delaware limited liability company and majority-owned subsidiary of the Operating Partnership ("Purchaser"), entered into a Contribution Agreement (the "Contribution Agreement") with S2 Allure REIT Subsidiary LLC, a Texas limited liability company ("S2 Subsidiary"), S2C REIT OP, LP, a Delaware limited partnership ("S2C REIT OP"), and S2 Allure BEVE LLC, a Delaware limited liability company, S2 Allure ARO LLC, a Delaware limited liability company, and S2 Allure VAU LLC, a Delaware limited liability company, and S2 Allure LLC, a Delaware limited liability company (collectively, the "S2 TIC Subsidiaries," and collectively with S2C REIT OP and S2 Subsidiary, the "Seller"), an unaffiliated seller, to acquire in fee simple a 350-unit apartment complex known as Allure at Southpark, located in Charlotte, North Carolina (the "Allure Property"), for a total purchase price of approximately $92.0 million.

The Contribution Agreement contains provisions, representations, warranties, covenants and indemnities that are customary and standard for the real estate industry. Unless the Contribution Agreement is previously terminated, the acquisition of the Allure Property is expected to close on or about December 3, 2024. Various conditions to closing on the acquisition of the Allure Property remain to be satisfied, and there can be no assurance that we will complete the transaction on the general terms described above or at all. The foregoing description of the Contribution Agreement does not purport to be complete and is qualified in all respects by reference to the full text of the Contribution Agreement, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01.

Certain statements included in this Current Report on Form 8-K are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements above include, but are not limited to, matters identified as expectations and matters with respect to the future acquisition of the Allure Property. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding risks and uncertainties that may affect the Company's future results, review the Company's filings with the Securities and Exchange Commission.