Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 254

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 254
---
 on November 3, 2025, and (ii) 1,257 LTIP Units issued to Mr. Emala
as part of the 2024 Annual Incentive Grant, which vested on April 30, 2025. Total does not include (i) 10,252 remaining unvested
LTIP Units issued to Mr. Emala in connection with the Initial Staking Grant, which will vest ratably over the Remaining Initial
Staking Grant Vesting Dates, (ii) 2,513 unvested LTIP Units issued to Mr. Emala as part of the 2024 Annual Incentive Grant,
which will vest ratably over the Remaining 2024 Annual Incentive Grant Vesting Dates, or (iii) 4,136 unvested LTIP Units issued
to Mr. Emala as part of the April 1, 2025 Annual Incentive Grant, which will vest ratably over the April 1, 2025 Annual
Incentive Grant Vesting Dates.

(14) Based
on the Schedule 13G filed with the SEC on February 14, 2024. Includes holdings of a limited liability company of which Par Sanda
is Managing Member and through which Par Sanda may be deemed beneficial owner of 571,042 shares of our Class A common stock. Par
Sanda has sole voting power with respect to 571,042 shares and sole dispositive power with respect to 571,042 shares, and shared voting
and/or dispositive power with respect to no shares, in each case, of our Class A common stock. The percentage of beneficial ownership
has been adjusted to reflect our actual shares of Class A common stock outstanding as of the close of business on September 30,
2025.

(15) Based
on the Schedule 13G filed with the SEC on February 13, 2025. The Radoff Family Foundation has sole voting power with respect to
344,800 shares, sole dispositive power with respect to 344,800 shares, and shared voting and/or dispositive power with respect to no
shares, in each case, of our Class A common stock. The percentage of beneficial ownership has been adjusted to reflect our actual
shares of Class A common stock outstanding as of the close of business on September 30, 2025.

(16) Based
on the Ownership Statement reflecting beneficial ownership information as of December 31, 2024 as