X0306 4 2023-03-10 0 0001903382 Bluerock Homes Trust, Inc. BHM 0001624012 Sanda Par Olof 501 N. BIRCH RD, UNIT 3 FORT LAUDERDALE FL 33304 0 0 1 0 0001953834 SAND CAPITAL ASSOCIATES LLC 501 N. BIRCH RD, UNIT 3 FORT LAUDERDALE FL 33304 0 0 1 0 Class A Common Stock, Par Value $0.01 per share 2023-03-10 4 P 0 4018 18.56 A 504922 I See footnotes Class A Common Stock, Par Value $0.01 per share 66120 D Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transaction ranged from $18.20 to $18.56 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price. The shares reported on this line are held by Sand Capital Associates, LLC ("Sand Capital") and Par Sanda, the Managing Member of Sand Capital may be deemed to beneficially own such shares held by Sand Capital. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. Par Sanda is signing individually and as the Managing Member of Sand Capital. /s/ Par Sanda, Managing Member of Sand Capital Associates, LLC 2023-03-14 /s/ Par Sanda 2023-03-14