Belpointe OZ Announces Leasing Milestone at Aster & Links as Property Nears 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.

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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.

Positive

• Aster & Links ~90% leased across its 424 residential units
• Flagship Sarasota property positioned to achieve stabilization, enabling next phase of asset plans

Negative

• None.

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Sarasota, Florida, Aug. 31, 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 reached approximately 90% of its residential units leased.

With approximately 90% of residences now leased, only a limited selection of homes remains available at Aster & Links. As new residents move in and occupancy continues to build, the property is positioned to achieve stabilization, unlocking the next phase of the Company’s plans for its flagship asset.

Situated in the heart of downtown Sarasota, Aster & Links offers residents an elevated living experience with thoughtfully designed and spacious luxury one-, two-, three-, and four-bedroom apartments, townhome-style penthouse residences, and six guest suites. Many feature powder rooms or dens well-suited for entertaining. The community is complemented by a robust amenity offering and a highly walkable location near many of Sarasota’s arts, dining, and waterfront destinations.

“Approximately 90% leased is a number that tells you everything about where Aster & Links stands today,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ. “The property now sits on the doorstep of stabilization, and that milestone matters well beyond the leasing office. Stabilization is the gateway to the next chapter for our flagship asset and for our unitholders, and we have never been closer to it than we are today.”

In addition to its residential component, Aster & Links features a curated collection of retailers, including Sprouts Farmers Market^®, OfKors^® Cafe, Isabel Boutique, ServisFirst Bank, SkinSpirit^®, Pause^® Studio, Embers Pilates, and Atelier + Design.

As previously discussed in the Company’s letter to unitholders, once Aster & Links achieves stabilization, expected between late 2026 and early 2027, the Company currently intends to refinance the property into long-term, fixed-rate Fannie Mae or Freddie Mac agency debt, and with that transition anticipates being in a position to commence distributions to unitholders in 2027, subject to board approval, compliance with loan covenants, and maintenance of adequate reserves.

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 1,000 units in its development pipeline throughout three cities, representing a projected gross asset value of over $1.0 billion.

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

What leasing milestone did Belpointe OZ (OZ) announce for Aster & Links in August 2026?

Belpointe OZ reported that Aster & Links has approximately 90% of its residential units leased. According to Belpointe OZ, this leasing level leaves only a limited selection of homes available and positions the Sarasota property on the doorstep of stabilization.

How many residential units are at Aster & Links, the flagship property of Belpointe OZ (OZ)?

Aster & Links contains 424 mixed-use luxury residential units. According to Belpointe OZ, the community offers one- to four-bedroom apartments, townhome-style penthouse residences and six guest suites, designed to provide an elevated living experience in downtown Sarasota, Florida.

When does Belpointe OZ (OZ) expect Aster & Links to achieve stabilization?

Belpointe OZ expects Aster & Links to achieve stabilization between late 2026 and early 2027. According to Belpointe OZ, reaching stabilization is a key milestone that would support refinancing the property into long-term, fixed-rate agency debt, subject to future conditions.

What are Belpointe OZ’s refinancing plans for Aster & Links once stabilized?

Belpointe OZ currently intends to refinance Aster & Links into long-term, fixed-rate Fannie Mae or Freddie Mac agency debt after stabilization. According to Belpointe OZ, this refinancing is part of the next phase of its strategy for the flagship Sarasota property.

When could Belpointe OZ (OZ) begin distributions to unitholders related to Aster & Links?

Belpointe OZ anticipates it may be in a position to commence distributions in 2027. According to Belpointe OZ, this is contingent on board approval, compliance with loan covenants following refinancing, and maintenance of adequate reserves.

What retail tenants are included at Belpointe OZ’s Aster & Links property in Sarasota?

Aster & Links features retailers such as Sprouts Farmers Market, OfKors Cafe, Isabel Boutique, ServisFirst Bank, SkinSpirit, Pause Studio, Embers Pilates and Atelier + Design. According to Belpointe OZ, this curated mix complements the residential component and downtown Sarasota location.