Bluerock Homes Trust Grants LTIP Units to Board Members in lieu of Equity Compensation

Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM) made an official filing with the Securities and Exchange Commission (SEC) on January 1, 2025, detailing the issuance of long-term incentive plan units (LTIP Units) to its non-employee board members. The Company granted a total of 5,405 LTIP Units of its operating partnership, Bluerock Residential Holdings, L.P., to four board members: Elizabeth Harrison, Kamal Jafarnia, I. Bobby Majumder, and Romano Tio. These grants were in lieu of the equity portion of their annual retainers and were collectively referred to as the “Director Grants.”

The LTIP Units, issued under the Company’s 2022 Equity Incentive Plan for Individuals, were fully vested upon issuance. They have the potential to convert to OP Units and further to cash or shares of the Company’s Class A Common Stock, subject to certain conditions. Holders of these LTIP Units will also be entitled to receive distribution equivalents when distributions are made to Class A Common Stockholders.

The Company clarified that the issuance of LTIP Units as Director Grants was conducted in compliance with exemptions from registration as per Section 4(a)(2) of the Securities Act of 1933 and Regulation D. There was no involvement of general solicitation or advertising during the issuance process.

Christopher J. Vohs, the Chief Financial Officer and Treasurer of Bluerock Homes Trust, duly signed the report on behalf of the Company on January 3, 2025. These actions are in line with Bluerock Homes Trust’s commitment to aligning incentives for its board members with the Company’s long-term growth and success.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bluerock Homes Trust’s 8K filing here.

About Bluerock Homes Trust

Bluerock Homes Trust, Inc (the Company) was incorporated in Maryland on December 16, 2021. The Company owns and operates high-quality single-family properties located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States.