Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 381

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 381
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 May 17, 2023, in satisfaction of the remainder of the company’s
Q1 Base Management Fee obligation to the Manager and the Manager’s reimbursement obligation to BREH for payroll-related expenses
in connection with the payment of base salaries for the first quarter of 2023 to each of R. Ramin Kamfar (“Mr. Kamfar”)
and Jordan B. Ruddy (“Mr. Ruddy”) for services provided to the Manager in their respective capacities as Chief Executive
Officer and President thereof, by mutual agreement of the Manager and the company and at the direction of each of the Manager and BREH,
and in keeping with formal elections made on December 31, 2022 by each of Messrs. Kamfar and Ruddy, the company further issued
(a) 10,983 C-LTIP Units directly to Mr. Kamfar in payment of 98.4% of Mr. Kamfar’s base salary for the first quarter
of 2023, and (b) 3,572 C-LTIP Units directly to Mr. Ruddy in payment of 80.0% of Mr. Ruddy’s base salary for the
first quarter of 2023 (together, the “Q1 Base Salaries”). The issuances of C-LTIP Units in payment of the Q1 Base Management
Fee, the Q1 Reimbursable Expenses and the Q1 Base Salaries were made in reliance upon exemptions from registration provided by Section 4(a)(2) of
the Securities Act of 1933 and Regulation D thereunder for transactions not involving any public offering. Each of the Manager and Messrs. Kamfar
and Ruddy has a substantive, pre-existing relationship with the company and is an “accredited investor” as defined in Regulation
D. No general solicitation or advertising occurred in connection with the issuance and sale of these securities. The C-LTIP Units issued
in payment of the Q1 Base Management Fee, the Q1 Reimbursable Expenses and the Q1 Base Salaries were fully vested upon issuance, and may
convert to OP Units upon reaching capital account equivalency with the OP Units held by the company, and may then be redeemed for cash
or, at the option of the company and after a one year holding period (including any period during which such C-LTIP Units were held),
settled in shares of the company’s Class A common stock. Each of the Manager and Messrs. Kamfar and