exhibit 10. 4august 5, 2022via electronic mailbluerock real estate, l. l. c. 1345 avenue of the americas, 32nd floornew york, new york 10105attention : michael konigemail : * * * @ * * * bluerock real estate holdings, llc1345 avenue of the americas, 32nd floornew york, new york 10105attention : michael konigemail : * * * @ * * * re : notice of renewal of administrative services agreement dated october 31, 2017 ( the “ agreement ” ), by and between bluerock real estate, l. l. c. ( “ brre ” ) and bluerock real estate holdings, llc ( “ breh, ” and together with brre, the “ bluerock entities ” ), and bluerock residential growth reit, inc. ( the “ reit ” ), bluerock residential holdings, l. p. ( the “ op ” ), bluerock trs holdings, llc ( the “ trs ” ), and bluerock reit operator, llc ( “ reit operator, ” and together with the reit, the op and the trs, the “ company ” ). gentlemen : the company hereby notifies the bluerock entities that pursuant to section 9. 1 of the agreement, the company elects to renew the agreement for an additional one - year term, to expire on october 31, 2023. please let me know if you have any questions. sincerely, / s / jordan b. ruddyjordan b. ruddychief operating officer and presidentbluerock residential growth reit, inc. cc : r. ramin kamfar ( via email ) exhibit 10. 4august 5, 2022via electronic mailbluerock real estate, l. l. c. 1345 avenue of the americas, 32nd floornew york, new york 10105attention : michael konigemail : * * * @ * * * bluerock real estate holdings, llc1345 avenue of the americas, 32nd floornew york, new york 10105attention : michael konigemail : * * * @ * * * re : notice of renewal of administrative services agreement dated october 31, 2017 ( the “ agreement ” ), by and between bluerock real estate, l. l. c. ( “ brre