Ruddy Jordan B.

SEC source: 0001104659-21-043373 · tm2111239d4_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 533,778

Underlying: Class A Common Stock · 11,029 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 17,878 LTIP Units would vest and 11,029 LTIP Units would be forfeited.

F1 · price: Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 17,878 LTIP Units would vest and 11,029 LTIP Units would be forfeited.

F1 · derivative.exercise_date: Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 17,878 LTIP Units would vest and 11,029 LTIP Units would be forfeited.

F1 · derivative.expiration_date: Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 17,878 LTIP Units would vest and 11,029 LTIP Units would be forfeited.

F1 · ownership.nature: Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 17,878 LTIP Units would vest and 11,029 LTIP Units would be forfeited.

SEC source: 0001104659-21-025301 · tm217175d2_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 544,807

Underlying: Class A Common Stock · 6,509 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending March 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F2 · price: Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending March 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F2 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending March 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F2 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending March 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

SEC source: 0001104659-21-001042 · tm211667d9_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 538,298

Underlying: Class A Common Stock · 73,809 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

SEC source: 0001104659-21-001042 · tm211667d9_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 464,489

Underlying: Class A Common Stock · 36,905 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

SEC source: 0001104659-20-139893 · tm2039326-2_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 514,872

Underlying: Class A Common Stock · 384 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents OP Units in the Operating Partnership, of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the wind down of BR-NPT Springing Entity, LLC ("BR-NPT"), resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the BR-NPT Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F2 · price: Represents OP Units in the Operating Partnership, of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the wind down of BR-NPT Springing Entity, LLC ("BR-NPT"), resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the BR-NPT Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F2 · derivative.exercise_date: Represents OP Units in the Operating Partnership, of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the wind down of BR-NPT Springing Entity, LLC ("BR-NPT"), resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the BR-NPT Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F2 · derivative.expiration_date: Represents OP Units in the Operating Partnership, of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the wind down of BR-NPT Springing Entity, LLC ("BR-NPT"), resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the BR-NPT Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

SEC source: 0001104659-20-139893 · tm2039326-2_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 514,488

Underlying: Class A Common Stock · 19,930 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the liquidation of NPT Investors, LLC, resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the NPT Investors Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · price: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the liquidation of NPT Investors, LLC, resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the NPT Investors Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · derivative.exercise_date: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the liquidation of NPT Investors, LLC, resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the NPT Investors Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · derivative.expiration_date: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. Acquisition is as a result of an in kind distribution of these OP Units pursuant to the liquidation of NPT Investors, LLC, resulting in a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the NPT Investors Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

SEC source: 0001104659-21-025301 · tm217175d2_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,284

Underlying: Class A Common Stock · 494,588 shares

Expires not disclosed

F1 · derivative.exercise_price: On December 22, 2020, for estate planning purposes, the Reporting Person transferred, for no consideration, an aggregate of 494,588 units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, to an irrevocable trust of which members of the Reporting Person's family members are the beneficiaries, and of which the Reporting Person is neither a trustee nor a beneficiary.

F1 · price: On December 22, 2020, for estate planning purposes, the Reporting Person transferred, for no consideration, an aggregate of 494,588 units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, to an irrevocable trust of which members of the Reporting Person's family members are the beneficiaries, and of which the Reporting Person is neither a trustee nor a beneficiary.

F1 · derivative.exercise_date: On December 22, 2020, for estate planning purposes, the Reporting Person transferred, for no consideration, an aggregate of 494,588 units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, to an irrevocable trust of which members of the Reporting Person's family members are the beneficiaries, and of which the Reporting Person is neither a trustee nor a beneficiary.

F1 · derivative.expiration_date: On December 22, 2020, for estate planning purposes, the Reporting Person transferred, for no consideration, an aggregate of 494,588 units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, to an irrevocable trust of which members of the Reporting Person's family members are the beneficiaries, and of which the Reporting Person is neither a trustee nor a beneficiary.

SEC source: 0001104659-20-122569 · tm2035202d2_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 427,584

Underlying: Class A Common Stock · 7,738 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending December 31, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending December 31, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending December 31, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending December 31, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending December 31, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

SEC source: 0001104659-20-093985 · tm2027295d2_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 419,846

Underlying: Class A Common Stock · 8,823 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending September 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending September 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending September 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending September 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending September 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

SEC source: 0001104659-20-066479 · tm2020989d2_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 411,023

Underlying: Class A Common Stock · 10,928 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending June 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending June 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending June 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending June 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of salary payable in LTIP Units for the quarter ending June 30, 2020. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

SEC source: 0001104659-20-048291 · tm2016267d5_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 400,095

Underlying: Class A Common Stock · 64,268 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

F1 · price: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

F1 · derivative.exercise_date: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

F1 · derivative.expiration_date: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

F2 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are issued in payment of the annual incentive bonus for the fiscal year ended December 31, 2019. These LTIP Units will vest on the first anniversary of issuance and may convert to 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.

SEC source: 0001104659-20-048291 · tm2016267d5_4.xml · nonDerivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,563

F1 · security: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

F1 · price: Represents shares of Class A common stock granted in payment of the first quarter of 2020 base salaries, based on a 20-day volume-weighted average price of $5.8397, which are issued under the Third Amended and Restated 2014 Equity Incentive Plan for Individuals. These shares are fully vested at issuance.

SEC source: 0001104659-20-000946 · tm201124d6_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 335,827

Underlying: Class A Common Stock · 62,875 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

SEC source: 0001104659-20-000946 · tm201124d6_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 272,952

Underlying: Class A Common Stock · 31,437 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

SEC source: 0001144204-19-000480 · tv510366_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 241,515

Underlying: Class A Common Stock · 41,807 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F2 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

SEC source: 0001144204-19-000480 · tv510366_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 199,708

Underlying: Class A Common Stock · 27,872 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

SEC source: 0001144204-18-066252 · tv509786_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 494,558

Underlying: Class A Common Stock · 69,713 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units were converted by BRG Manager, LLC (the "Manager") from an equal number of restricted partnership interests in the Operating Partnership ("LTIP Units"). Acquisition is as a result of an in kind distribution of these OP Units pursuant to the request of Jordan Ruddy, as a member of the Manager, of a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the Manager's Second Amended and Restated Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · price: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units were converted by BRG Manager, LLC (the "Manager") from an equal number of restricted partnership interests in the Operating Partnership ("LTIP Units"). Acquisition is as a result of an in kind distribution of these OP Units pursuant to the request of Jordan Ruddy, as a member of the Manager, of a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the Manager's Second Amended and Restated Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · derivative.exercise_date: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units were converted by BRG Manager, LLC (the "Manager") from an equal number of restricted partnership interests in the Operating Partnership ("LTIP Units"). Acquisition is as a result of an in kind distribution of these OP Units pursuant to the request of Jordan Ruddy, as a member of the Manager, of a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the Manager's Second Amended and Restated Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

F1 · derivative.expiration_date: Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units were converted by BRG Manager, LLC (the "Manager") from an equal number of restricted partnership interests in the Operating Partnership ("LTIP Units"). Acquisition is as a result of an in kind distribution of these OP Units pursuant to the request of Jordan Ruddy, as a member of the Manager, of a distribution of Jordan Ruddy's allocable portion of OP Units as permitted under the Manager's Second Amended and Restated Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.

SEC source: 0001144204-18-052946 · tv504299_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 171,836

Underlying: Class A Common Stock · 11,340 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP, (the "Operating Partnership") of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period beginning January 1, 2018 and may vest at the end of that period subject to performance criteria and established targets. The LTIP Units may convert to units of limited partnership in the Operating Partnership ("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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP, (the "Operating Partnership") of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period beginning January 1, 2018 and may vest at the end of that period subject to performance criteria and established targets. The LTIP Units may convert to units of limited partnership in the Operating Partnership ("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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP, (the "Operating Partnership") of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period beginning January 1, 2018 and may vest at the end of that period subject to performance criteria and established targets. The LTIP Units may convert to units of limited partnership in the Operating Partnership ("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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP, (the "Operating Partnership") of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period beginning January 1, 2018 and may vest at the end of that period subject to performance criteria and established targets. The LTIP Units may convert to units of limited partnership in the Operating Partnership ("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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP, (the "Operating Partnership") of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period beginning January 1, 2018 and may vest at the end of that period subject to performance criteria and established targets. The LTIP Units may convert to units of limited partnership in the Operating Partnership ("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.

SEC source: 0001144204-18-010058 · tv486646_4.xml · nonDerivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,000

SEC source: 0001144204-18-000683 · tv482613_4.xml · derivative · entry 4

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 160,496

Underlying: Class A Common Stock · 17,567 shares

Expires not disclosed

F4 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F4 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F4 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F4 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

F4 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs may convert to 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.

SEC source: 0001144204-18-000683 · tv482613_4.xml · derivative · entry 3

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 142,929

Underlying: Class A Common Stock · 3,212 shares

Expires not disclosed

F3 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest in three equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to 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.

F3 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest in three equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to 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.

F3 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest in three equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to 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.

F3 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest in three equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to 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.

F3 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest in three equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to 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.

SEC source: 0001144204-18-000683 · tv482613_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 139,717

Underlying: Class A Common Stock · 19,271 shares

Expires not disclosed

F2 · derivative.exercise_price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F2 · price: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F2 · derivative.exercise_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F2 · derivative.expiration_date: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

F2 · ownership.nature: Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period and may convert to 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.

SEC source: 0001144204-18-000683 · tv482613_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 120,446

Underlying: Class A Common Stock · 120,446 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably in five equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to units of limited partnership interest in the Operating Partnership ("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.

F1 · price: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably in five equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to units of limited partnership interest in the Operating Partnership ("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.

F1 · derivative.exercise_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably in five equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to units of limited partnership interest in the Operating Partnership ("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.

F1 · derivative.expiration_date: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably in five equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to units of limited partnership interest in the Operating Partnership ("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.

F1 · ownership.nature: Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably in five equal annual installments (the first, on December 31, 2018, and thereafter, on each anniversary of October 31, 2017), and may convert to units of limited partnership interest in the Operating Partnership ("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.

SEC source: 0001144204-17-055890 · tv478430_4.xml · derivative · entry 2

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 424,845

Underlying: Class A Common Stock · 424,845 shares

Expires not disclosed

F3 · derivative.exercise_price: Represents OP Units in the Operating Partnership, of which the Issuer is the general partner. After a one year holding period, OP Units may be redeemed for cash or, at the option of the Issuer, for shares of the Issuer's Class A Common Stock, on a one-for-one basis.

F4 · kind: The acquisition represents consideration paid by the Issuer, through the Operating Partnership, in connection with the Issuer's acquisition of the assets used by its former manager in performance of the management functions formerly provided to the Issuer.

F1 · price: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

F1 · derivative.exercise_date: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

F1 · derivative.expiration_date: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

SEC source: 0001144204-17-055890 · tv478430_4.xml · derivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,670

Underlying: Class A Common Stock · 8,670 shares

Expires not disclosed

F1 · derivative.exercise_price: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

F2 · kind: The acquisition represents consideration paid by the Issuer in connection with its acquisition of the assets used by its former manager in the performance of the management functions formerly provided to the Issuer.

F1 · price: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

F1 · derivative.exercise_date: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

F1 · derivative.expiration_date: Shares of the Issuer's Class C Common Stock are convertible, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, and upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership") or shares of Class C Common Stock and similar events, will convert automatically into shares of the Issuer's Class A Common Stock, also on a one-for-one basis.

SEC source: 0001580642-17-001100 · primary_doc.xml · nonDerivative · entry 1

Ruddy Jordan B. · CIK 0001575426 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,723.579