Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 378

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 378
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 November 3,
2022, the company made an initial staking grant of 5,339 LTIP Units to each of the non-employee members of the company’s board of
directors (such grants, collectively, the “Director Grants”). The LTIP Units issued as Director Grants were issued pursuant
to the BHM Individuals Plan. Each such Director Grant was evidenced by an LTIP Unit Award Agreement. The issuances of LTIP Units as Director
Grants 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. Such LTIP Units 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 the LTIP Units were held), settled in shares of the company’s
Class A common stock on a one-for-one basis. From the date of grant, holders of such LTIP Units will be entitled to receive
“distribution equivalents” at the time distributions are paid to the holders of the company’s Class A common stock.

Additionally, on November 3,
2022, the company granted 764 LTIP Units to each of the non-employee members of the company’s board of directors in payment of the
prorated equity portion of their respective annual retainers for fiscal year 2022 (such grants, collectively, the “2022 Retainer
Grants”). The LTIP Units issued as 2022 Retainer Grants were issued pursuant to the BHM Individuals Plan. Each such 2022 Retainer
Grant was evidenced by an LTIP Unit Award Agreement. The issuances of LTIP Units as 2022 Retainer Grants 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.
Such LTIP Units 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