Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 385

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 385
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 of 2023 (collectively, the “Q3 Reimbursable Expenses”), in each case in keeping with the
terms set forth in the Management Agreement. In addition, on August 15, 2023, in satisfaction of the remainder of the company’s
Q3 Base Management Fee obligation to the Manager and the Manager’s reimbursement obligation to BREH for payroll-related expenses
in connection with the payment of base salaries for the third quarter of 2023 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, 2022
by each of Messrs. Kamfar and Ruddy, the company further issued (a) 13,160 C-LTIP Units directly to Mr. Kamfar in payment
of 98.4% of Mr. Kamfar’s base salary for the third quarter of 2023, and (b) 4,280 C-LTIP Units directly to Mr. Ruddy
in payment of 80.0% of Mr. Ruddy’s base salary for the third quarter of 2023 (together, the “Q3 Base Salaries”).
The issuances of C-LTIP Units in payment of the Q3 Base Management Fee, the Q3 Reimbursable Expenses and the Q3 Base Salaries 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. Each of the Manager and Messrs. Kamfar and Ruddy has a substantive, pre-existing
relationship with the company and is an “accredited investor” as defined in Regulation D. No general solicitation or advertising
occurred in connection with the issuance and sale of these securities. The C-LTIP Units issued in payment of the Q3 Base Management Fee,
the Q3 Reimbursable Expenses and the Q3 Base Salaries 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 such C-LTIP Units were held),