Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 229

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 229
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 the same time distributions are paid to the holders of the Company’s Class A common stock. The Company recognized compensation expense ratably over the vesting period for time-based RSGs. During the years ended December 31, 2024 and 2023, the Company recognized compensation expense for all such RSGs of approximately $0.5 million and $0.1 million, respectively. Such expense was recorded as part of general and administrative expenses in the Company’s consolidated statements of operations and comprehensive income. As of December 31, 2024, there was $1.2 million of total unrecognized compensation expense related to the unvested RSGs granted under the BHM Incentive Plans. The remaining expense is expected to be recognized over a period of 2.06 years. During the years ended December 31, 2024 and 2023, the Company recognized expense of $0.3 million and $0.3 million, respectively, based on the fair value at the date of grant for the LTIP Units granted to each independent member of the Board. Such expense was recorded as part of general and administrative expenses in the Company’s consolidated statements of operations and comprehensive income.

F-37

Table of Contents

The Company currently uses authorized and unissued shares to satisfy share award grants. Distributions

| ​                                         
 Declaration                               
 Date                                      
 Class                                     
 A common stock Special Dividend           | ​ | ​                                 
 Record                            
 Date                              | ​ | ​      
 Amount 
 ​      |        ​ | ​ | ​                   
 Paid / Payable Date |
|:------------------------------------------|:--|:----------------------------------|:--|:-------|---------:|:--|:--------------------|
| December 19, 2023                         | ​ | December 29, 2023                 | ​ | $      |     1.00 | ​ | January 5, 2024     |
| Class                                     
 C common stock Special Dividend           | ​ |                                   | ​ |        |          | ​ |                     |
| December 19, 2023                         | ​ | December 29, 2023                 | ​ | $      |     1.00 | ​ | January 5, 2024     |
| Series                                    
 A Preferred Stock (1)                     | ​ |                                   | ​ |        |          | ​ |                     |
| October 13, 2023                          | ​ | December 22, 2023                 | ​ | $