Bluerock Homes Trust amends Management Agreement to correct payment terms for fees and expenses

Bluerock Homes Trust, Inc.

Fixed scrivener's error: Base Management Fee now payable quarterly half in C-LTIP Units, remainder in cash or C-LTIP Units at Board election.
Reimbursable expenses changed from monthly to quarterly, payable in cash or C-LTIP Units at Board election.
Board, including independent directors, approved the amendment as fair and commercially reasonable.
Fee rate unchanged: Base Management Fee remains 1.50% of New Stockholders' Equity per annum.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bluerock Homes Trust, Inc. amended Amendment to Management Agreement with Bluerock Homes Manager, LLC (effective 2023-01-10).

Action: amendment
Counterparty: Bluerock Homes Manager, LLC
Effective: 2023-01-10

Exact text from the filing

On January 10, 2023, the Board, including its independent directors, approved the amendment of the Management Agreement pursuant to that certain Amendment to Management Agreement dated January 10, 2023 (the “Amendment”).

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Source: SEC EDGAR

accession 0001104659-23-003288

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