Belpointe OZ Enters Into Agreement for Darien, Connecticut, Luxury Multifamily Development Site
Rhea-AI Summary
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.
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News Market Reaction
On the day this news was published, OZ declined 0.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
OZ fell 1.17% while 4 of 5 real estate development peers were flat‑to‑up (e.g., MRNO +26.21%, AEI +1.92%, AXR +0.74%), indicating stock‑specific dynamics rather than a sector‑wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 09 | Debt refinancing | Positive | -0.7% | Closed $204.14M refinance for Aster & Links flagship development. |
| Oct 06 | Leasing update | Positive | -0.6% | Announced leasing launch at VIV mixed‑use project with early demand. |
| Aug 07 | Awards recognition | Positive | -1.6% | Aster & Links won two 2025 Aurora Awards for mixed‑use and multifamily. |
Recent positive operational milestones in multifamily projects were followed by modest negative next‑day price reactions, indicating a pattern of divergence between news tone and short‑term trading.
Over the past several months, Belpointe OZ has reported multiple positive real estate milestones. On Aug 07, 2025, its flagship Aster & Links project won two 2025 Aurora Awards, yet the stock fell 1.57%. On Oct 06, 2025, the company announced leasing commencement at the 269‑unit VIV project with strong initial interest, and shares declined 0.61%. On Oct 09, 2025, it closed a $204.14 million refinancing for Aster & Links, but the stock slipped 0.66%. Today’s Darien development agreement continues this strategy of building a portfolio of luxury multifamily assets.
Market Pulse Summary
This announcement highlights Belpointe OZ’s strategy of adding a luxury multifamily project in Darien, Connecticut via an equity‑for‑property contribution with no upfront cash payment and potential future capital commitments. In context of growing assets to $570.8M and rising rental revenue to $2.38M for Q3 2025, investors may watch how new developments affect debt of $251.4M, net losses, and progress toward stabilizing existing flagship properties like Aster & Links and VIV.
Key Terms
qualified opportunity fund financial
class a units financial
AI-generated analysis. Not financial advice.
Greenwich, Connecticut, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, announced today that the Company entered into an agreement relating to a development site located at 100 Tokeneke Road in Darien, Connecticut (the “Property”), one of the most affluent and supply-constrained residential markets in the region.
The Property is being contributed by the seller to an indirect subsidiary of Belpointe OZ in exchange for equity in the project entity. The transaction was completed without any upfront cash consideration from Belpointe OZ, though the Company intends to provide future capital in connection with the project’s development or financing, either directly or indirectly through an affiliated investment vehicle organized for that purpose. The structure establishes an initial framework for our participation in the long-term development and ownership of a ground-up luxury multifamily project in one of the most exclusive residential communities in the country.
Darien consistently ranks among the wealthiest towns in America, with limited multifamily inventory and strong long-term demand driven by proximity to New York City, top-tier schools, and a highly affluent resident base.
In addition, the agreement provides a mechanism by which Belpointe OZ may buy out the Property’s seller at a pre-agreed valuation, payable in our Class A units, further aligning long-term incentives while preserving balance-sheet flexibility.
“This transaction provides Belpointe OZ with exposure to a rare ground-up residential development opportunity in one of the highest-barrier-to-entry markets in the country,” said Brandon Lacoff, Chairman and CEO of Belpointe OZ. “We believe Darien’s demographic profile, supply constraints, and proximity to New York City create a compelling backdrop for long-term value creation.”
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
What did Belpointe OZ (OZ) announce about 100 Tokeneke Road in Darien on January 13, 2026?
How will Belpointe OZ fund the Darien luxury multifamily development (OZ)?
What is the buyout mechanism for the Darien Property in the OZ transaction?
Does the Darien transaction require immediate cash from Belpointe OZ (OZ)?
Why is Darien, Connecticut, strategic for Belpointe OZ's luxury multifamily project (OZ)?
Will the Darien deal dilute Belpointe OZ shareholders immediately (OZ)?
