Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 386

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 386
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 98.4% of Mr. Kamfar’s base salary for the third quarter of 2023, and (b) 4,280 C-LTIP Units directly to Mr. Ruddy
in payment of 80.0% of Mr. Ruddy’s base salary for the third quarter of 2023 (together, the “Q3 Base Salaries”).
The issuances of C-LTIP Units in payment of the Q3 Base Management Fee, the Q3 Reimbursable Expenses and the Q3 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 Q3 Base Management Fee,
the Q3 Reimbursable Expenses and the Q3 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 Ruddy will be entitled to receive “distribution equivalents”
with respect to such C-LTIP Units at the time distributions are paid to the holders of the company’s Class A common stock.

On January 8, 2024, the
company granted 5.185 LTIP Units to each of the non-employee members of the company’s board of directors in payment of the equity
portion of their respective annual retainers for fiscal year 2024 (such grants, collectively, the “2024 Retainer Grants”).
The LTIP Units issued as 2024 Retainer Grants were issued pursuant to the BHM Individuals Plan. Each such 2024 Retainer Grant was evidenced
by an LTIP Unit Award Agreement. The issuances of LTIP Units as 2024 Retainer Grants were made in reliance upon exemptions from registration
provided by Section 4(a)(2