Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 413

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 413
---
 one-for-one basis. The issuances
of such LTIP Units 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. No general solicitation or advertising occurred in
connection with the issuance and sale of these securities. From the date of grant, the recipients will be entitled to receive distributions
with respect to such LTIP Units, whether or not vested, at the time distributions are paid to the holders of the company’s
Class A common stock.

On May 13, 2025, in satisfaction
of a portion of the quarterly Base Management Fee to compensate the Manager for advisory services and certain general management services
rendered under the Management Agreement during the first quarter of 2025 (the “Q1 2025 Base Management Fee”) 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
2025 to each of Mr. Kamfar and 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, 2024 by each of Messrs. Kamfar and Ruddy, the company further issued
(a) 14,603 C-LTIP Units directly to Mr. Kamfar in payment of 80.0% of Mr. Kamfar’s base salary for the first quarter
of 2025, and (b) 5,872 C-LTIP Units directly to Mr. Ruddy in payment of 80.0% of Mr. Ruddy’s base salary for the
first quarter of 2025 (together, the “Q1 2025 Base Salaries”). The issuances of C-LTIP Units in payment of the Q1 2025 Base
Management Fee and the Q1 2025 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 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