Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 249

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 249
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741,810 shares of
vested Class A common stock, Class C common stock, OP Units and LTIP Units outstanding as of September 30, 2025, and unvested
LTIP Units outstanding that will vest within 60 days of September 30, 2025.

(4) In
addition, for estate planning purposes, certain irrevocable trusts associated with Mr. Kamfar, of which members of Mr. Kamfar’s
immediate family are the beneficiaries and of which Mr. Kamfar is neither a trustee nor a beneficiary, hold an aggregate of 4,753,551
OP Units.

(5) Total
includes 23,064 LTIP Units issued to the Manager as part of an initial staking grant on November 3, 2022 (the “Initial Staking
Grant”), of which 7,688 vested on each of November 3, 2023 and November 3, 2024, and 7,688 will vest on November 3,
2025. Total does not include (i) 15,375 remaining unvested LTIP Units issued to the Manager in connection with the Initial Staking
Grant, which will vest ratably on an annual basis on each of November 3, 2026 and November 3, 2027 (collectively, the “Remaining
Initial Staking Grant Vesting Dates”). As the indirect controlling person of the Manager, Mr. Kamfar possesses sole voting
and investment power over LTIP Units that are currently held by the Manager and its affiliates under common control.

(6) Total
includes 75,607 LTIP Units issued to Mr. Kamfar as part of the Initial Staking Grant, of which 25,203 vested on November 3,
2023, 25,202 vested on November 3, 2024, and 25,202 will vest on November 3, 2025. Total does not include 50,404 remaining
unvested LTIP Units issued to Mr. Kamfar in connection with the Initial Staking Grant, which will vest ratably on an annual basis
over the Remaining Initial Staking Grant Vesting Dates.

(7) In
addition, for estate planning purposes, an irrevocable trust associated with Mr. Ruddy, of which members of Mr. Ruddy’s
immediate family are the beneficiaries and of which Mr. Ruddy is neither a trustee nor a beneficiary, holds