Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 389

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 389
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 the Manager, 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 LTIP Unit Vesting Agreements. Such LTIP
Units will vest ratably on an annual basis over a three-year period from April 30, 2024. Once vested, the LTIP Units 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 company’s option and after a one year holding period (including any period during 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