Ramin Kamfar, Chairman and CEO of Bluerock Homes Trust, Inc., filed a Form 4 on November 12, 2026, reporting the acquisition of 20,605 LTIP Units on November 10, 2026, issued in partial satisfaction of the company's Base Management Fee and a related salary reimbursement obligation for the third quarter of 2026.

Key Highlights

  • Transaction date: November 10, 2026, with 20,605 LTIP Units acquired by Ramin Kamfar, Chairman and CEO.
  • Purpose of issuance: Units were issued in partial satisfaction of the issuer's Base Management Fee to Bluerock Homes Manager, LLC for Q3 2026, and in satisfaction of the Manager's reimbursement obligation to Bluerock Real Estate Holdings, LLC for a portion of Kamfar's salary for the quarter ending September 30, 2026.
  • Vesting status: According to the filing, the LTIP Units were fully vested upon issuance.
  • Conversion terms: The LTIP Units may convert to OP Units upon reaching capital account equivalency, and may then be redeemed for cash or settled in Class A Common Stock on a one-for-one basis, at the issuer's option, after a one-year holding period.
  • Resulting ownership: Following the transaction, Kamfar beneficially owned 1,270,341 LTIP Units directly.
  • Underlying security: Class A Common Stock of Bluerock Homes Trust, Inc., with 20,605 shares as the underlying amount.

Kamfar's Q3 2026 LTIP Unit Award: Transaction Details and Structure

According to the Form 4 filed with the SEC on November 12, 2026, Ramin Kamfar, who serves as both Chairman and CEO of Bluerock Homes Trust, Inc. (NYSE:BHM), received 20,605 LTIP Units on November 10, 2026. The filing identifies the transaction code as "A," indicating an acquisition. The units were issued as derivative securities, with Class A Common Stock as the underlying security at a one-for-one ratio.

The filing explains that the LTIP Units were issued in two related capacities: first, in partial satisfaction of the issuer's Base Management Fee obligation to Bluerock Homes Manager, LLC for the third quarter of 2026; and second, in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC, for a portion of the salary payable to Kamfar for his services as Chief Executive Officer of the Manager during the quarter ending September 30, 2026.

The filing states the LTIP Units were fully vested upon issuance. The units may convert to OP Units once they reach capital account equivalency with existing OP Units held by the issuer. After conversion, the units may be redeemed for cash or, at the issuer's option and following a one-year holding period (which includes any period during which the LTIP Units were held), settled in shares of the issuer's Class A Common Stock on a one-for-one basis. Following this transaction, the filing reports Kamfar's direct beneficial ownership of LTIP Units at 1,270,341.

What Was Disclosed

Ramin Kamfar, Chairman and CEO of Bluerock Homes Trust, Inc., reported the acquisition of 20,605 fully vested LTIP Units on November 10, 2026, tied to Q3 2026 management fee and salary reimbursement obligations, bringing his direct LTIP Unit holdings to 1,270,341.