Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 261

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 261
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, (ii) 1,235 unvested LTIP Units issued to Mr. Vohs as part of the 2023 Annual
Incentive Grant, which will vest on the Remaining 2023 Annual Incentive Grant Vesting Date, (iii) 3,427 unvested LTIP Units issued
to Mr. Vohs as part of the 2024 Annual Incentive Grant, which will vest ratably over the Remaining 2024 Annual Incentive Grant Vesting
Dates, or (iv) 4,136 unvested LTIP Units issued to Mr. Vohs as part of the annual long term equity incentive grant on April 1,
2025 (the “April 1, 2025 Annual Incentive Grant”), which will vest ratably on each of April 1, 2026, April 1,
2027 and April 1, 2028 (collectively, the “April 1, 2025 Annual Incentive Grant Vesting Dates”).

(12) Total
includes (i) 19,223 LTIP Units issued to Mr. DiFranco as part of the Initial Staking Grant, of which 6,408 vested on each of
November 3, 2023 and November 3, 2024, and 6,407 vested on November 3, 2025, (ii) 2,471 LTIP Units issued to Mr. DiFranco
as part of the 2023 Annual Incentive Grant, of which 1,236 vested on May 25, 2024 and 1,235 vested on April 1, 2025, and (iii) 1,714
LTIP Units issued to Mr. DiFranco as part of the 2024 Annual Incentive Grant, which vested on April 30, 2025. Total does not
include (i) 12,814 remaining unvested LTIP Units issued to Mr. DiFranco in connection with the Initial Staking Grant, which
will vest ratably over the Remaining Initial Staking Grant Vesting Dates, (ii) 1,235 unvested LTIP Units issued to Mr. DiFranco
as part of the 2023 Annual Incentive Grant, which will vest on the Remaining 2023 Annual Incentive Grant Vesting Date, (iii) 3,427
unvested LT