Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 206

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 206
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 $15,000, and the compensation committee chairman and nominating and corporate governance chairman will
each receive annual retainers of $10,000. Further, each member of the audit committee will receive annual retainers of $7,500,
and each member of the compensation committee and the nominating and corporate governance committee will receive annual retainers of
$5,000, respectively. All directors will receive reimbursement of reasonable out-of-pocket expenses incurred in connection with attendance
at meetings of the board of directors.

Executive Officer Compensation

We do not currently have any
employees. We are externally managed by our Manager pursuant to the Management Agreement, and all of our executive officers are employed
by our Manager or its affiliates. We will not reimburse our Manager for compensation paid to our executive officers. We have not paid,
and do not expect to pay in 2025, any cash or other compensation to our executive officers. Officers are eligible for awards under our
BHM Equity Incentive Plan for Individuals, as described below.

Incentive Plans

Our board of directors has
adopted and our stockholders have approved the Bluerock Homes Trust, Inc. Amended and Restated Equity Incentive Plan for Individuals
(the “BHM Individuals Plan”) and the Bluerock Homes Trust, Inc. Amended and Restated Equity Incentive Plan for Entities
(the “BHM Entities Plan”) to attract and retain independent directors, executive officers and other key employees, including
officers and employees of our Manager and Operating Partnership and their affiliates and other service providers, including our Manager
and its affiliates. Together, we refer to the BHM Individuals Plan and the BHM Entities Plan as the “BHM Incentive Plans.”
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 will generally be administered by the compensation committee of
our board of directors.

The following discussion
summarizes the material provisions of the BHM Incentive Plans. The forms of the BHM Incentive Plans are filed as exhibits to our Current
Report on Form 8-K filed with the SEC on June 12, 2025.

Eligibility

Employees and officers of
our Company and our affiliates (including employees of our Operating Partnership and Manager), and members of our board of directors,
will be eligible to receive grants under the BHM Individuals Plan. In addition,