Belpointe Prep LLC

Belpointe PREP LLC operates as a real estate company. It focuses on identifying, acquiring, developing or redeveloping and managing commercial real estate located within qualified opportunity zones. The company was founded on January 24, 2020 and is headquartered in Greenwich, CT.

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Belpointe PREP offers diversification in the REIT sector, focusing on opportunity zones, but remains in an early growth phase with significant execution risks. The fund's shares trade at a discount to NAV, but the valuation gap has narrowed, making it less attractive for new investments currently. Belpointe PREP's project pipeline is substantial, yet current earnings and cash flow generation are limited, with significant reliance on future redevelopment success.

Belpointe PREP: Narrower Valuation Discount Makes Me More Cautious

GREENWICH, CONNECTICUT, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”), a publicly traded qualified opportunity fund, is pleased to report that Hurricane Milton inflicted no significant damage to our properties, Aster & Links, in Sarasota, Florida, and Viv, in St. Petersburg, Florida.

Belpointe OZ Provides Initial Assessment on Hurricane Milton Impact

Greenwich, CT, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of June 30, 2024 of $356.78 million or $98.24 per Class A unit.

Belpointe OZ Announces Second Quarter Net Asset Value Per Class A Unit

Belpointe PREP trades at a significant discount to its intrinsic value due to a lack of cash flow generation. The company aims to develop and buy commercial real estate in qualified opportunity zones, offering favorable tax treatment to investors. OZ's current investments consist mainly of undeveloped land and properties under construction, with plans to increase debt leverage for future investments.

Belpointe PREP: Significant Discount To NAV Should Gradually Narrow Ahead

Greenwich, CT, June 03, 2024 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of March 30, 2024 of $361.66 million or $99.59 per Class A unit.

Belpointe OZ Announces First Quarter Net Asset Value Per Class A Unit

Belpointe PREP, LLC is a speculative investment with a significant discount to NAV in the REIT sector. The company manages commercial real estate assets within qualified opportunity zones, offering favorable capital gains tax treatment. Belpointe's assets are mainly under construction, but its growth prospects and focus on specific real estate segments make it attractive to long-term investors.

Belpointe PREP: 40% Discount To NAV Makes It A Speculative Buy

Greenwich, CT, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of December 31, 2023 of $365.43 million or $100.88 per Class A unit.

Belpointe OZ Announces Fourth Quarter Net Asset Value Per Class A Unit

Greenwich, CT, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ"), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value ("NAV") as of September 30, 2023 of $370.49 million or $103.50 per Class A unit.

Belpointe OZ Announces Third Quarter Net Asset Value Per Class A Unit of $103.50

Greenwich, CT, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE: American: OZ) (“Belpointe OZ” or the “Company”), the first publicly traded Qualified Opportunity Fund (“QOF”), is pleased to announce the signing of Greystar, a global leader in the development and management of rental housing, as their property manager for Aster & Links, the Company's two-building development in Sarasota, Florida.

Belpointe OZ Signs Greystar as Their Property Manager for Aster & Links, Two Luxury 10-story Buildings in Sarasota, FL

Belpointe PREP is trading at a discount to its NAV despite its growth prospects and conservative balance sheet. The company focuses on commercial real estate in qualified opportunity zones, offering favorable capital gains tax treatment for investors. Belpointe PREP has a short track record and limited income-generating assets, but has potential for growth if it can successfully execute its projects.

Belpointe PREP: Despite Trading At A Discount, Don't Overlook Dilution Risk

Greenwich, CT, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), the first publicly traded Qualified Opportunity Fund, announced that it will host an investor presentation with question and answer period on Friday, November 17 at 4:30 p.m. ET.

Belpointe OZ to Host Investor Presentation on November 17th at 4:30pm EST

Greenwich, CT, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or “the Company”), the first publicly traded Qualified Opportunity Fund, is issuing this press release to address the recent market volatility in its Class A units and the unit price decline.

Belpointe OZ Addresses Recent Market Volatility and Class A Unit Price

Sarasota, FL, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), the first publicly traded Qualified Opportunity Fund (“QOF”), is pleased to announce the topping-off of the two luxury 10-story buildings, named Aster & Links, located at 1991 Main Street, Sarasota, FL.

Belpointe OZ Celebrates Its Topping-Off Two Luxury 10-Story Buildings in Sarasota, FL

Greenwich, CT, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ"), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value ("NAV") as of June 30, 2023 of $351.6 million or $98.58 per Class A unit.

Belpointe PREP, LLC Announces Second Quarter Net Asset Value Per Class A Unit of $98.58

Greenwich, CT, June 15, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or “we,” “us” or “our”), the first publicly traded qualified opportunity fund, today announced that construction is underway on a brand new 269-unit development located at 902-1020 First Avenue North in St. Petersburg, Florida (“1000 First”). This exciting new development will be the latest addition to the thriving St. Petersburg community and will feature a wide variety of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes.

Belpointe OZ Breaks Ground on 269 Unit Development in St. Petersburg, Florida

Sarasota, FL, June 07, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ" or the “Company”), the first publicly traded qualified opportunity fund, today announced the successful closing of a $130 million construction loan from Bank OZK, for the Company's highly anticipated development project in Sarasota, Florida.

Belpointe OZ Secures $130 Million Construction Loan from Bank OZK for Sarasota Development Project—Aster & Links

Greenwich, CT, May 31, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or “the Company”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of March 31, 2023 of $351.7 million or $99.82 per Class A unit.

Belpointe PREP, LLC Announces Initial NAV Per Class A Unit

Greenwich, CT, May 24, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced the signing of a definitive lease agreement with Sprouts Farmers Market, one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States. Sprouts will occupy approximately 23,000 sq. ft. at Belpointe OZ's 1991 Main Street development in Sarasota, FL—a two building development dubbed “Aster & Links”—marking a major milestone for the development.

Belpointe PREP, LLC Announces Lease Agreement with Sprouts Farmers Market

Broker-Dealers Can Now Sign Up To Participate In The Selling Group For Belpointe PREP, LLC (NYSE American: OZ)  The First Publicly Traded Opportunity Zone Fund.

Belpointe OZ Announces A New Offering Designed For Broker-Dealers.

GREENWICH, Conn., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that all of its outstanding loans receivables, including a $30.0 million related party loan, have been repaid in full.

Belpointe PREP, LLC Announces All Outstanding Loan Receivables Have Been Repaid In Full And Early

GREENWICH, Conn., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that it has completed the acquisition of a new development site in Nashville, Tennessee, for an aggregate purchase price of $16.2 million, exclusive of transaction costs. The approximately 5.92-acre site is located within an opportunity zone on the riverfront in East Nashville, Tennessee. This marks Belpointe OZ's fifth investment in Nashville.

Belpointe PREP, LLC Acquires New Opportunity Zone Property in Nashville, Tennessee

GREENWICH, Conn. , Oct. 25, 2022 /PRNewswire/ -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ" or the "Company"), a publicly traded qualified opportunity fund, announced today that it has completed the acquisition of 1750 Storrs Road, Storrs, Connecticut ("1750 Storrs").

Belpointe PREP, LLC Acquires New Opportunity Zone Property in Storrs, Connecticut

GREENWICH, Conn. , Oct. 3, 2022 /PRNewswire/ -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe PREP" or the "Company"), a publicly traded qualified opportunity fund, announced today that following an initial assessment its Florida assets have incurred no or minimal damage as a result of Hurricane Ian.

Belpointe PREP, LLC Provides Initial Assessment of Hurricane Ian Impact

GREENWICH, Conn., Feb. 22, 2022 /PRNewswire/ -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe PREP" or the "Company"), the first and only publicly traded qualified opportunity fund, is issuing this press release in light of unusual trading activity related to the Company's Class A units.

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