Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 388

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 388
---
 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), settled in shares of the company’s Class A Common Stock. Each
of the Manager and Messrs. Kamfar and Ruddy will be entitled to receive “distribution equivalents” with respect to their
respective C-LTIP Units at the time distributions are paid to the holders of the company’s Class A common stock.

On April 1, 2024, the
company issued an aggregate of 66,846 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, 2023. 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, 2024. 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. 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 shares of Class A common stock, whether or not vested, at the time distributions
are paid to the holders of the company’s Class A common stock.

Effective April 1, 2024,
for tax efficiency purposes, the Manager forfeited the remaining 57,670 unvested LTIP Units granted to the Manager in connection with
the Manager Grant made on May 25, 2023. On April 30, 2024, the company issued an aggregate of 101,789 LTIP Units (including,
by mutual agreement of the Manager and the Company, and at the direction of the Manager, the remaining 57,670 unvested LTIP Units forfeited
by the Manager effective April 1, 2024), to and among certain members of the executive management team of