X0407 4 2023-05-25 0 0001903382 Bluerock Homes Trust, Inc. BHM 0001111908 KAMFAR RAMIN 1345 AVENUE OF THE AMERICAS 32ND FLOOR NEW YORK NY 10105 1 1 0 0 Chairman and CEO 0 Class A common stock 2023-05-25 4 A 0 31260 A 31986 I See Footnote LTIP Units 2023-05-25 4 A 0 141665 A Class A Common Stock 141665 782024 I See Footnote Represents shares of the Issuer's Class A common stock, $0.01 par value per share, issued to Bluerock Homes Manager, LLC (the "Manager"), in which R. Ramin Kamfar owns an indirect pecuniary interest, in payment of a portion of the annual long-term equity incentive grant for the fiscal year ended December 31, 2022. This restricted stock was issued pursuant to the Issuer's 2022 Equity Incentive Plan for Entities (the "Plan"), and will vest ratably over a three-year period from April 1, 2023. Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, issued to the Manager, in which R. Ramin Kamfar owns an indirect pecuniary interest, in payment of a portion of the annual long-term equity incentive grant for the fiscal year ended December 31, 2022. These LTIP Units were issued pursuant to the Plan, and will vest ratably over a three-year period from April 1, 2023. These LTIP Units may convert to Operating Partnership Units ("OP Units") upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including 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. /s/ Christopher J. Vohs, Attorney-In-Fact 2023-05-26