Belpointe OZ Announces VIV Surpasses 80% Leased as Property Approaches Stabilization
VIV crossed the leasing threshold within its first year, with stabilization expected between late 2026 and early 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointVIV surpassed 80% residential leasing within its first year after leasing began in October 2025.
- Moderate point. Forward-looking: it has not happened yet and may not happen.VIV stabilization is expected by the company between late 2026 and early 2027.
Negative
- None.
Key Figures
- Residential units leased
- More than 80%
- VIV
- Property size
- 269 units
- VIV apartment community
- Lease-up period
- First year
- 80% threshold reached after leasing commenced in October 2025
- Expected stabilization
- Late 2026 to early 2027
- Company expectation for VIV
Historical Context
-
Aster & Links had reached approximately 90% leased and was positioned to achieve stabilization.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
qualified opportunity fund financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
St. Petersburg, Florida, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), the only Qualified Opportunity Fund listed on a national securities exchange, today announced that VIV, its 269-unit luxury mixed-use apartment community in downtown St. Petersburg, Florida, has surpassed
VIV commenced leasing in October 2025 and has crossed the
Located in the heart of St. Petersburg’s EDGE District, VIV consists of two connected residential towers offering studio, one-, two-, and three-bedroom apartment homes with private terraces, chef’s kitchens, and views of Tampa Bay. Residents enjoy a rooftop Sky Lounge, fully equipped coworking spaces, a resort-style pool and courtyard, a fitness center, and an urban dog park, all within walking distance of downtown St. Petersburg’s waterfront, dining, arts, and employment centers.
“We believe crossing
In addition to its residential component, VIV includes ground-floor retail space along 1st Avenue North and Baum Avenue, with pedestrian corridors and a pocket park that connect the property to the surrounding EDGE District.
As previously disclosed, the Company expects VIV to achieve stabilization between late 2026 and early 2027.
For additional information or to schedule a private tour, please visit liveatviv.com or call 727-314-1230.
About VIV
VIV is a premier mixed-use luxury community located in the EDGE District of downtown St. Petersburg, Florida. The development combines two residential towers of thoughtfully designed rental residences with neighborhood-serving retail in a walkable urban setting. Designed with modern living in mind, VIV offers upscale amenities, distinctive architecture, and access to St. Petersburg’s waterfront, cultural, and dining attractions. Learn more at liveatviv.com or by calling 727-314-1230.
About Belpointe OZ
Belpointe OZ is the only Qualified Opportunity Fund listed on a national securities exchange, trading on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 1,000 units throughout three cities, including completed units and units in its development pipeline, representing a projected gross asset value of over
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 delays in the lease-up and stabilization of our properties, fluctuations in occupancy rates, tenant non-renewals and tenant defaults, fluctuations in market rents, and other 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of Belpointe OZ’s VIV apartment community is leased?
VIV has more than 80% of its residential units leased. The 269-unit community in downtown St. Petersburg began leasing in October 2025 and passed that threshold within its first year of lease-up.
When does Belpointe OZ expect VIV to achieve stabilization?
Belpointe OZ expects VIV to achieve stabilization between late 2026 and early 2027. Residents continue to move into the property, which has surpassed 80% residential leasing.