Belpointe OZ Announces Aster & Links Reaches Leasing Milestone
Rhea-AI Summary
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.
Positive
- Lease-up progress: approximately two-thirds of 424 residential units leased
- Retail scale: ~60,000 sq ft of curated retail with multiple signed tenants
- Asset quality: downtown Sarasota location with premium unit types and amenities
- Path to stabilization: management reports advancing toward property stabilization
Negative
- Remaining vacancy: roughly one-third of residential units remain unleased
- Not yet stabilized: property still in lease-up phase, subject to market risk
News Market Reaction
On the day this news was published, OZ gained 0.45%, reflecting a mild positive market reaction. This price movement added approximately $869K to the company's valuation, bringing the market cap to $194M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
OZ was down 0.62% while peers showed mixed moves: LPA +2.8%, MRNO +0.95%, JFB +5.4%, AEI -5.63%, AXR -0.61%. No clear sector-wide pattern supports the move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | Leasing milestone VIV | Positive | +2.2% | Reported VIV reached 25% of residential units leased in downtown St. Petersburg. |
| Jan 13 | New development site | Positive | -0.3% | Entered agreement for Darien, CT luxury multifamily development site with no upfront cash. |
| Oct 09 | Aster refinance | Positive | -0.7% | Closed $204.14M refinancing for Aster & Links to support lease-up and stabilization. |
| Oct 06 | Leasing launch VIV | Positive | -0.6% | Announced leasing start at VIV after receiving Temporary Certificates of Occupancy. |
Recent news has generally been positive (leasing milestones, refinancings), yet price reactions have more often been flat to negative, indicating a tendency for muted or contrarian responses to constructive updates.
Over the past several months, OZ highlighted progress across its Florida developments and capital structure. In October 2025, it refinanced Aster & Links with a $204.14 million facility supporting lease-up of the 424‑unit property. Leasing at VIV in St. Petersburg began in October 2025, followed by a 25% leasing milestone in January 2026. Also in January 2026, OZ entered an agreement for a Darien, CT luxury multifamily site requiring no upfront cash. Today’s Aster & Links leasing milestone extends this pattern of operational ramp-up.
Market Pulse Summary
This announcement highlights that Aster & Links, OZ’s 424‑unit flagship mixed-use property in Sarasota, has leased roughly two‑thirds of its residential units and includes about 60,000 sq ft of curated retail. It extends a series of updates showing lease-up progress at Aster & Links and VIV. Investors may track further occupancy gains, rental rate trends, and the pace of retail tenant additions as key indicators of how these developments contribute to overall cash flow and asset performance.
Key Terms
qualified opportunity fund financial
AI-generated analysis. Not financial advice.
Sarasota, Florida, Feb. 10, 2026 (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 its flagship asset, Aster & Links, a premier 424-unit mixed-use luxury apartment community in downtown Sarasota, Florida, has successfully leased approximately two-thirds of its residential units.
This leasing milestone reflects continued progress in the project’s lease-up phase and, in our view, underscores the sustained demand for high-quality rental housing in downtown Sarasota. As occupancy increases, Aster & Links continues advancing toward stabilization while building a growing residential community.
Situated in the heart of downtown Sarasota, Aster & Links offers residents an elevated living experience with thoughtfully designed and spacious one-, two- and three-bedroom apartments, many featuring powder rooms or dens well-suited for entertaining. Two-level penthouses include soaring ceilings, townhome-style layouts, and premium appliance packages. The community is complemented by a robust amenity offering and a highly walkable location near many of Sarasota’s arts, dining, and waterfront destinations.
“We are encouraged by the continued leasing momentum at Aster & Links,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ. “Reaching approximately two-thirds leased represents meaningful progress as the property continues its transition toward stabilization and, we believe, reflects the continued strength of the Sarasota residential market.”
In addition to its residential component, Aster & Links boasts approximately 60,000 square feet of curated retail, featuring existing retailers: Sprouts Farmers Market®, OfKors® Cafe, Isabel Boutique, ServisFirst Bank, SkinSpirit®, upcoming retailers: Pause® Studio, Embers Pilates, and Atelier + Design, and additional retailers anticipated.
For additional information or to schedule a private tour, please visit asterandlinks.com or call 888-680-3897.
About Aster & Links
Aster & Links is a premier mixed-use luxury community located in downtown Sarasota, Florida. The development combines sophisticated rental residences with neighborhood-serving retail in a walkable urban setting. Designed with modern living in mind, Aster & Links offers upscale amenities, distinctive architecture, and access to Sarasota’s cultural, dining, and waterfront attractions. Learn more at asterandlinks.com or by calling 888-680-3897.
About Belpointe OZ
Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 2,000 units in its development pipeline throughout four cities, representing an approximate total project cost of over
Belpointe OZ has filed a registration statements (including a combined prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to an aggregate of
Cautionary Note Regarding Forward-Looking Statements
This press release (this “Press Release”) contains express or implied “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to qualify for the “safe harbor” from liability established by those sections. Forward-looking statements are based on our current beliefs and assumptions, and on information currently available to us, and only speak as of the date of this Press Release. All statements other than statements of historical fact, such as statements containing estimates, projections and other forward-looking information, are forward-looking statements. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control, including factors described in our filings with the SEC, such as those detailed under the heading “Risk Factors” in our annual report on Form 10-K and quarterly reports on Form 10-Q. We cannot provide you with assurance that any of the assumptions upon which our forward-looking statements are based will prove to be correct. Should one or more risks materialize, or should our underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and you are therefore cautioned against placing undue reliance on any forward-looking statements. Except as otherwise required by applicable law, including federal securities laws, we do not intend to update or revise any forward-looking statements as a result of new information, future events, actual results, revised expectations or otherwise We further expressly disclaim any written or oral statements made by a third party regarding the subject matter of this Press Release.
Investor Relations and Media Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
IR@belpointeoz.com
203-883-1944
FAQ
How many units at Aster & Links are leased as of February 10, 2026 (OZ)?
What retail space and tenants does Aster & Links include (OZ)?
What does reaching two-thirds leased mean for OZ shareholders?
Where is Aster & Links located and what unit types are offered (OZ)?
How can investors or prospective residents learn more or schedule a tour for Aster & Links (OZ)?
