Bluerock Homes Trust Awards Equity Units to Board Members
The fully vested awards offer conversion and redemption options tied to company performance and share value.
January 06, 2026
Bluerock Grants Incentive Equity Units to Board Members
At the start of the year, Bluerock Homes Trust issued a set of equity awards to its non-employee directors. On January 1, each board member—Elizabeth Harrison, Kamal Jafarnia, I. Bobby Majumder, and Romano Tio—received 7,824 long-term incentive plan units (LTIP Units) through the company’s operating partnership, Bluerock Residential Holdings, L.P. The grants were made under the company’s equity incentive plan and represent the equity portion of each director’s annual retainer.
These awards were fully vested as of the grant date. That means recipients can immediately begin earning the same distribution equivalents paid to holders of Bluerock’s Class A Common Stock. Over time, these LTIP Units may convert into operating partnership units—once they reach capital account equivalency with the company’s existing OP Units. From there, they can be redeemed for cash or, after a one-year holding period, exchanged one-for-one for Class A shares at the company’s discretion.
Bluerock relied on exemptions under Section 4(a)(2) and Regulation D of the Securities Act to issue the units, opting for a private placement structure without public solicitation. Each award was issued under a formal agreement and delivered as part of a broader compensation framework designed to align director interests with long-term company performance.
As an NYSE American-listed REIT operating under emerging growth company status, Bluerock continues to use equity-linked compensation to tie governance oversight more closely to shareholder outcomes. These grants aim to give directors a direct line into the economic performance of the firm while maintaining flexibility in how awards may be converted or redeemed.
This structure supports a model where board compensation evolves in step with the company’s trajectory—rewarding long-term alignment and offering options tied to the real economic performance of the business.
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