Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 418

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 418
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 which the LTIP Units were held), settled
in shares of Class A common stock on a 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.

Also on April 30,
2024, the company issued an aggregate of 10,435 restricted shares of Class A common stock to and among certain of the BREH
Personnel, pursuant to the BHM Individuals Plan, as equity compensation for services provided to the Manager in such capacities for
the fiscal year ended December 31, 2023. These issuances were made in satisfaction of the Manager’s obligation to its
affiliate, BREH, for compensation-related expenses incurred by BREH in connection with its employment of the BREH Personnel, and
were evidenced by Restricted Stock Vesting Agreements. Such shares of Class A common stock will vest ratably on an annual basis
over a three-year period from April 30, 2024. The issuances of such shares of Class A common stock 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 shares of Class A common stock, whether or not vested, at the time distributions are paid to the holders of the
company’s Class A common stock.

On May 14, 2024, the
company granted 45,891 C-LTIP Units to the Manager in partial payment 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 2024
(the “Q1 2024 Base Management Fee”), in keeping with the terms set forth in the Management Agreement.

Also on May 14, 2024,
in satisfaction