Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 250

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 250
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 an aggregate of 646,936
OP Units.

(8) Total
includes (i) 25,630 LTIP Units issued to Mr. Ruddy as part of the Initial Staking Grant, of which 8,544 vested on November 3,
2023, 8,543 vested on November 3, 2024, and 8,543 will vest on November 3, 2025, (ii) 23,057 LTIP Units issued to Mr. Ruddy
as part of the annual long term equity incentive grant on May 25, 2023 (the “2023 Annual Incentive Grant”), of which
11,529 vested on May 25, 2024 and 11,528 vested on April 1, 2025, and (iii) 14,851 LTIP Units issued to Mr. Ruddy
as part of the 2024 annual long term equity incentive grant on April 30, 2024 (the “2024 Annual Incentive Grant”), which
vested on April 30, 2025. Total does not include (i) 17,086 remaining unvested LTIP Units issued to Mr. Ruddy in connection
with the Initial Staking Grant, which will vest ratably over the Remaining Initial Staking Grant Vesting Dates, (ii) 11,528 unvested
LTIP Units issued to Mr. Ruddy as part of the 2023 Annual Incentive Grant, which will vest on April 1, 2026 (the “Remaining
2023 Annual Incentive Grant Vesting Date”), (iii) 29,701 unvested LTIP Units issued to Mr. Ruddy as part of the 2024
Annual Incentive Grant, which will vest ratably on each of April 30, 2026 and April 30, 2027 (collectively, the “Remaining
2024 Annual Incentive Grant Vesting Dates”), or (iv) 29,364 unvested LTIP Units issued to Mr. Ruddy as part of the annual
long term equity incentive grant on April 23, 2025 (the “April 23, 2025 Annual Incentive Grant”), which will vest
ratably on each of April 23, 2026, April 1, 2027 and April 1, 2028 (collectively, the “April 23,