Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 384

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 384
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 services and certain general management services rendered under the Management Agreement during the second quarter of 2023 (the “Q2 Base Management Fee”), and (ii) 24,753 C-LTIP Units to the Manager as reimbursement from thecompany for documented expenses of the Manager and its affiliates incurred on behalf
of the company, the Operating Partnership, and each of their respective subsidiaries that were reasonably necessary for the performance
by the Manager of its duties and functions under the Management Agreement during the second quarter of 2023 (collectively, the “Q2
Reimbursable Expenses”), in each case in keeping with the terms set forth in the Management Agreement. In addition, on August 15,
2023, in satisfaction of the remainder of the company’s Q2 Base Management Fee obligation to the Manager and the Manager’s
reimbursement obligation to BREH for payroll-related expenses in connection with the payment of base salaries for the second quarter of
2023 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, 2022 by each of Messrs. Kamfar and Ruddy, the company further issued
(a) 11,814 C-LTIP Units directly to Mr. Kamfar in payment of 98.4% of Mr. Kamfar’s base salary for the second quarter
of 2023, and (b) 3,842 C-LTIP Units directly to Mr. Ruddy in payment of 80.0% of Mr. Ruddy’s base salary for the
second quarter of 2023 (together, the “Q2 Base Salaries”). The issuances of C-LTIP Units in payment of the Q2 Base Management
Fee, the Q2 Reimbursable Expenses and the Q2 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