Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 394

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 394
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5 Retainer Grants were issued pursuant to the Bluerock Incentive Plan for Individuals. Each such 2025 Retainer
Grant was evidenced by an LTIP Unit Award Agreement. The issuances of LTIP Units as 2025 Retainer Grants 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.
Such LTIP Units 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 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 “Q