Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 102

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 102
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In
the future, the Operating Partnership may issue OP Units or preferred OP Units from time to time in connection with acquisitions of properties
or for financing, compensation or other reasons.

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Table of Contents

Equity Incentive Plans

Prior
to the annual meeting of the Company’s stockholders held on June 11, 2025 (the “Annual Meeting”), the Company had in
effect the Bluerock Homes Trust, Inc. 2022 Equity Incentive Plan for Individuals (the “2022 Individuals Plan”) and the Bluerock
Homes Trust, Inc. 2022 Equity Incentive Plan for Entities (the “2022 Entities Plan,” and together with the 2022 Individuals
Plan, the “2022 Incentive Plans”). At the Annual Meeting, the stockholders of the Company approved the amendment and restatement
of each of the 2022 Individuals Plan (as so amended and restated, the “Amended Individuals Plan”) and the 2022 Entities Plan
(as so amended and restated, the “Amended Entities Plan,” and together with the Amended Individuals Plan, the “Amended
Incentive Plans,” and collectively with the 2022 Incentive Plans, the “BHM Incentive Plans”). The Amended Incentive
Plans were approved by the Board on April 15, 2025, subject to the approval of the Company’s stockholders at the Annual Meeting,
and became effective upon such stockholder approval. The BHM Incentive Plans provide for the grant of options to purchase shares of our
common stock, stock awards, stock appreciation rights, performance units, incentive awards and other equity-based awards, and are administered
by the compensation committee of the Board.

LTIP Unit and Restricted Stock Grants

Under
the BHM Incentive Plans, (i) certain of the Manager’s executive management team and personnel who provide other services to the
Manager (collectively, the “BREH Personnel”) were granted LTIP Units and/or shares of Class A common stock as restricted stock
grants (“RSGs”) that vest over a three-year period, and (ii) each independent member of the Board was granted LTIP Units in
payment of the equity portion of their respective annual retainers, with such LTIP Units fully vested upon issuance.

LTIP Units

On
January 1, 2025, the Company granted 5,405 LTIP