Belpointe PREP, LLC, which operates as Belpointe OZ, reports developments for a publicly traded qualified opportunity fund focused on real estate projects in qualified opportunity zones. Company news centers on leasing, construction, refinancing and capital strategy for multifamily and mixed-use assets, including Aster & Links in Sarasota and VIV in downtown St. Petersburg.
Updates also cover development pipeline activity, property-level financing, unitholder communications and Opportunity Zone program positioning. The company’s recurring announcements connect asset-level milestones with its Class A units listed on NYSE American under the symbol OZ.
Belpointe OZ (NYSE American: OZ) announced that its VIV apartment community in St. Petersburg has surpassed 80% residential leasing.
The 269-unit mixed-use property began leasing in October 2025 and crossed the threshold within its first year of lease-up. Residents continue to move in, and the company expects stabilization between late 2026 and early 2027. VIV also includes ground-floor retail space. Belpointe OZ said VIV’s progress, together with leasing progress at Aster & Links, brings its two completed developments closer to stabilization.
Belpointe OZ (NYSE American: OZ) announced that its flagship asset, Aster & Links, a 424‑unit mixed-use luxury apartment community in downtown Sarasota, Florida, has reached approximately 90% of its residential units leased. This leasing level leaves only a limited number of homes available and positions the property to achieve stabilization, which the company views as the gateway to the next phase of its plans for the asset and its unitholders.
Aster & Links combines luxury one- to four-bedroom residences, townhome-style penthouses, six guest suites and a curated retail lineup including Sprouts Farmers Market and other tenants. According to Belpointe OZ, once the property achieves stabilization, expected between late 2026 and early 2027, it currently intends to refinance into long-term fixed-rate Fannie Mae or Freddie Mac agency debt and, with that transition, anticipates potentially commencing unitholder distributions in 2027, subject to board approval, loan covenants and adequate reserves.
Belpointe OZ (NYSE American: OZ) Chairman & CEO letter (April 8, 2026) updates leasing, financing, pipeline and OZ 2.0 positioning. Aster & Links is >70% leased and VIV is >40% leased; both target stabilization late 2026–early 2027 with refinancing and distributions expected in 2027. Sale of 900 8th Avenue South priced ≈$19.3M, closing expected 2027. Company highlights permanent OZ 2.0 benefits and continued access for public investors.
Belpointe OZ (NYSE American: OZ) announced that its flagship Aster & Links, a 424-unit mixed-use luxury apartment community in downtown Sarasota, is now approximately two-thirds leased. The company says this milestone signals progress in lease-up and advancement toward stabilization while resident occupancy and retail activation continue.
The property includes spacious one-, two- and three-bedroom units, two-level penthouses, robust amenities and about 60,000 sq ft of curated retail with several operating and upcoming tenants.
Belpointe OZ (NYSE American: OZ) announced that VIV, its luxury multifamily development in downtown St. Petersburg, Florida, has reached a leasing milestone with 25% of residential units leased. Leasing began in late 2025 and the company reports steady demand from residents drawn to VIV's proximity to employment centers, waterfront, dining, and cultural attractions. Management stated the milestone reflects the strength of the local rental market and VIV's appeal in a supply-constrained downtown environment. The company highlighted location and modern design as competitive factors as lease-up continues.
Belpointe OZ (NYSE American: OZ) entered into an agreement to acquire a development site at 100 Tokeneke Road, Darien, CT via contribution of the Property to an indirect subsidiary in exchange for equity in the project entity. The deal required no upfront cash from Belpointe OZ; the company intends to provide future capital for development or financing directly or through an affiliated vehicle.
The structure includes a pre-agreed buyout option payable in Class A units, aligning long-term incentives while preserving balance-sheet flexibility for a ground-up luxury multifamily project in a supply-constrained market.
Belpointe OZ (NYSE American: OZ) closed a $204.14 million refinance with an affiliate of Affinius Capital on Oct 9, 2025 for its flagship Sarasota development, Aster & Links. Proceeds refinanced existing debt and will support continued lease-up and stabilization of the newly completed Class A, 424-unit multifamily property with more than 50,000 sq ft of grocery-anchored retail anchored by Sprouts Farmers Market. Management expects the refinance to save the company an estimated multiple millions of dollars per year. Lantern Real Estate Advisors + Partners arranged the financing.
Belpointe OZ (NYSE American: OZ) announced leasing has begun at VIV, its 269-unit mixed-use development in downtown St. Petersburg, FL.
The property received Temporary Certificates of Occupancy for all units, enabling move-ins beginning in November 2025. Management noted multiple leases signed and hundreds of prospective residents registered for information ahead of launch. VIV features premium amenities, ground-floor retail, and professional management by Bozzuto Group, with walkable access to dining, cultural attractions, and Tampa Bay connectivity.
Belpointe PREP (NYSE American: OZ), the first publicly traded Qualified Opportunity Fund, announced that its flagship development Aster & Links has won two prestigious 2025 Aurora Awards. The development secured Grand Award Winner status in both the Best Mixed-use Project and Best Multifamily Housing Community categories.
Located in downtown Sarasota, Florida, Aster & Links is a luxury Class A mixed-use development designed by Humphreys & Partners Architects, featuring residential units, amenities, and retail space anchored by Sprouts Farmers Market. The project, currently in lease-up phase, represents a key component of Belpointe OZ's strategy to develop institutional-quality real estate in Opportunity Zones.
Belpointe PREP (NYSE: OZ) has announced that its mixed-use development project VIV in St. Petersburg, Florida is approximately 85% complete. The company expects to begin leasing later in 2025. The development, strategically positioned in St. Petersburg's center, will feature residential units, modern amenities, and retail spaces.
CEO Brandon Lacoff emphasized the project's alignment with the company's strategy of developing in high-growth markets while focusing on investor value creation. The development aims to capitalize on St. Petersburg's growing demand for quality living options and establish itself as a landmark destination in one of Florida's rapidly expanding communities.