Belpointe PREP: Still An Interesting Speculative Growth Play In The REIT Sector Trading At 0.5x NAV

Belpointe PREP, LLC offers exposure to opportunity zone real estate, trading at a deep discount to its last reported NAV of $120/unit. OZ's Aster & Links and Viv projects are driving revenue growth, but leasing momentum is still ramping up and operating profits remain elusive. Despite improved liquidity and refinancing benefits, the fund continues to post significant operating losses and negative cash flow, reflecting ongoing development risks.

Seeking Alpha • Nov 22, 2025

Belpointe OZ Secures $204 Million Loan to Refinance Aster & Links in Sarasota, FL

Greenwich, CT, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, today announced that it has closed on a refinance transaction for approximately $204.14 million with an affiliate of Affinius Capital LLC (“Affinius Capital”), an integrated institutional real estate investment firm, for the Company's flagship Sarasota development, Aster & Links.

GlobeNewsWire • Oct 9, 2025

Belpointe OZ Announces that Leasing has Begun at VIV in St. Petersburg, FL

St. Petersburg, FL, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, today announced that leasing has officially begun at VIV, its premier mixed-use development in St. Petersburg, FL. VIV has received Temporary Certificates of Occupancy (“TCO”) for all units, paving the way for move-ins beginning in November 2025.

GlobeNewsWire • Oct 6, 2025

Belpointe OZ's Aster & Links Wins Two Awards

SARASOTA, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”), the first and only publicly traded Qualified Opportunity Fund (NYSE American: OZ), is proud to announce that its flagship development, Aster & Links, has been named a Grand Award Winner in two categories at the 2025 Aurora Awards:

GlobeNewsWire • Aug 7, 2025

Belpointe PREP Is Attractive Again Trading At Only 0.55x NAV

Belpointe PREP offers unique growth in the REIT sector, focusing on opportunity zones and a robust development pipeline for future income generation. Recent completion of Aster & Links and progress on the Viv project are driving rental revenue growth, but current earnings remain negative due to lease-up and interest expenses. The fund trades at a significant discount to NAV (0.55x), making it undervalued as asset values rise and new projects near completion.

Seeking Alpha • Jun 10, 2025

Belpointe OZ's VIV Development Nears Completion, Leasing Anticipated to Begin Later this Year

St. Petersburg, FL, May 27, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, is pleased to announce that construction of its premier mixed-use development in St. Petersburg, Florida, VIV, is approximately 85% complete. With final construction activities underway, the project is currently anticipated to begin leasing later this year.

GlobeNewsWire • May 27, 2025

Aster & Links Achieves Leasing Milestone with One-Third of Residential Units Now Leased

Sarasota, FL, May 13, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, is proud to announce that its flagship asset, Aster & Links, a premier 424-unit mixed-use luxury apartment community, has successfully leased approximately one-third of its residential units. This milestone follows Aster & Links' highly anticipated grand opening celebration held in early April, marking the official debut of what we believe is one of Sarasota's most exciting new residential addresses.

GlobeNewsWire • May 13, 2025

Belpointe OZ Announces Fourth Quarter 2024 Net Asset Value Per Class A Unit

GREENWICH, Conn., March 10, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of December 31, 2024, of $439,479,873 or $119.94 per Class A Unit.

GlobeNewsWire • Mar 10, 2025

Belpointe PREP: Give Yourself A Tax Cut II

Roll big capital gains into a Qualified Opportunity Fund, or QOF, to defer taxes and potentially gain tax-exempt returns after a decade. Silicon Valley unicorn founders should leverage the Qualified Small Business Stock, or QSBS, exemption to minimize federal taxes, but beware of California's harsh tax policies. To avoid California taxes, relocate to a no-income-tax state well before selling your company and document your new residency thoroughly.

Seeking Alpha • Feb 10, 2025

Belpointe OZ Regains Compliance with NYSE American Listing Standards Following Successful Completion of Annual Meeting

GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) the first and only Qualified Opportunity Fund listed on a national securities exchange, today announced that we have received notice from NYSE American LLC (“NYSE American”) that we have regained compliance with the continued listing standards following the successful completion of our 2024 Annual Meeting of Unitholders on January 28, 2025.

GlobeNewsWire • Jan 31, 2025