Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 416

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 416
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 BHM Individuals Plan, as equity compensation for services provided to the Manager in such capacities for the fiscal year ended
December 31, 2024. These issuances were made in satisfaction of the Manager’s obligation to its affiliate, BREH, for compensation-related
expenses incurred by BREH in connection with its employment of the BREH Personnel, and were evidenced by LTIP Unit Vesting Agreements.
Such LTIP Units will vest ratably on an annual basis over a three-year period from April 1, 2025. Once vested, the LTIP Units 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 company’s option and after a one year holding period (including any period during which the LTIP Units were held), settled
in shares of Class A common stock on a one-for-one basis. The issuances of such LTIP Units 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. No general solicitation or advertising occurred in connection with the issuance and sale of these
securities. From the date of grant, the recipients will be entitled to receive distributions with respect to such LTIP Units, whether
or not vested, at the time distributions are paid to the holders of the company’s Class A common stock.

Also on April 1, 2025,
the company issued an aggregate of 112,563 restricted shares of Class A common stock to and among certain of the BREH Personnel,
pursuant to the BHM Individuals Plan, as equity compensation for services provided to the Manager in such capacities for the fiscal year
ended December 31, 2024. These issuances were made in satisfaction of the Manager’s obligation to its affiliate, BREH, for
compensation-related expenses incurred by BREH in connection with its employment of the BREH Personnel, and were evidenced by Restricted
Stock Vesting Agreements. Such shares of Class A common stock will vest ratably on an annual basis over a three-year period from
April 1, 2025. The issuances of such shares of Class A common stock 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.