Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 410

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 410
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 be redeemed for cash or, at the option of the company and after a one year holding period
(including any period during which the LTIP Units were held), settled in shares of the company’s Class A common stock on a one-for-one
basis. From the date of grant, holders of such LTIP Units will be entitled to receive “distribution equivalents” at the time
distributions are paid to the holders of the company’s Class A common stock.

On March 7, 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 fourth quarter of 2024 (the “Q4 2024 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 fourth quarter of 2024 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, 2023 by each of Messrs. Kamfar and Ruddy, the company
further issued (a) 16,038 C-LTIP Units directly to Mr. Kamfar in payment of 98.4% of Mr. Kamfar’s base salary for
the fourth quarter of 2024, and (b) 5,216 C-LTIP Units directly to Mr. Ruddy in payment of 80.0% of Mr. Ruddy’s base
salary for the fourth quarter of 2024 (together, the “Q4 2024 Base Salaries”). The issuances of C-LTIP Units in payment of
the Q4 2024 Base Management Fee and the Q4 2024 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