Bluerock Homes Trust, Inc. filed a Form 8-K on November 13, 2026, reporting unregistered sales of equity securities in connection with its Q3 2026 base management fee payment and an initial staking grant to newly elected independent director Michael L. Konig, with all issuances occurring on November 10, 2026.

Key Highlights

  • Total C-LTIP Units issued: An aggregate of 28,847 Q3 Base Management Fee C-LTIP Units were issued on November 10, 2026, in partial payment of the Q3 2026 base management fee.
  • Kamfar allocation: R. Ramin Kamfar, Chief Executive Officer of the Manager, received 20,605 C-LTIP Units, valued at $150,000, covering 80.0% of his base salary for Q3 2026.
  • Ruddy allocation: Jordan Ruddy, President of the Manager, received 8,242 C-LTIP Units, valued at $60,000, covering 80.0% of his base salary for Q3 2026.
  • Total C-LTIP Unit dollar value: The portion of the quarterly base management fee payable in C-LTIP Units was calculated by the Manager as $210,000.
  • Konig staking grant: Newly elected independent director Michael L. Konig received an initial staking grant of 15,325 LTIP Units on November 10, 2026.
  • Fully vested upon issuance: All Q3 Base Management Fee C-LTIP Units were fully vested on the issuance date, according to the filing.
  • Exemption relied upon: Issuances were made in reliance on exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Regulation D.

Bluerock Homes Q3 2026 Fee Units and Konig Staking Grant Details

According to the Form 8-K filed by Bluerock Homes Trust, Inc. (NYSE American:BHM) with the Securities and Exchange Commission, the company's Board of Directors, including its independent directors, authorized and approved the issuance of C-LTIP Units to satisfy a portion of the Q3 2026 base management fee owed to Bluerock Homes Manager, LLC under the Management Agreement originally entered into on October 5, 2022, and subsequently amended. The Manager calculated that a total of 28,847 Q3 Base Management Fee C-LTIP Units would be issuable, determined by dividing the $210,000 dollar portion of the fee payable in units by the average closing price of the company's Class A Common Stock on the NYSE American over the five business days prior to the November 10, 2026 issuance date.

The filing disclosed that, pursuant to salary elections made on December 31, 2025, both Mr. Kamfar and Mr. Ruddy had agreed to receive a portion of their respective base salaries in C-LTIP Units rather than cash for fiscal year 2026. In keeping with a directive from the Manager and its affiliate Bluerock Real Estate Holdings, LLC, 20,605 C-LTIP Units valued at $150,000 were issued directly to Mr. Kamfar and 8,242 C-LTIP Units valued at $60,000 were issued directly to Mr. Ruddy. The filing stated that the units were fully vested upon issuance and may convert to OP Units upon reaching capital account equivalency, and may then be redeemed for cash or, at the company's option after a one-year holding period, settled in shares of Class A Common Stock. Both recipients are described in the filing as "accredited investors" with a substantive, pre-existing relationship with the company.

Separately, the filing reported that on November 10, 2026, the company made an initial staking grant of 15,325 LTIP Units to Michael L. Konig, who was elected as an independent director on October 19, 2026, filling a vacancy created when the Board expanded from five to six members. The filing stated the grant was issued pursuant to the Bluerock Homes Trust, Inc. Amended and Restated Equity Incentive Plan for Individuals and was evidenced by an LTIP Unit Award Agreement, also relying on the Section 4(a)(2) and Regulation D exemptions.

What Was Disclosed

The filing reported unregistered issuances of C-LTIP Units totaling 28,847 to Bluerock Homes' CEO and President as partial Q3 2026 management fee payment, plus 15,325 LTIP Units to new independent director Michael L. Konig as an initial staking grant, all issued November 10, 2026.