Belpointe OZ’s VIV Development in Downtown St. Petersburg, Florida, Reaches Leasing Milestone
Rhea-AI Summary
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.
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News Market Reaction
On the day this news was published, OZ gained 2.18%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
OZ declined 2.8% while key peers were flat to positive: MRNO up 26.21%, AEI up 1.92%, AXR up 0.74%, and LPA unchanged. This points to stock-specific factors rather than a broad Real Estate - Development move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 09 | Refinancing deal | Positive | -0.7% | Closed $204.14M refinancing for flagship Aster & Links property. |
| Oct 06 | Project leasing update | Positive | -0.6% | Announced leasing start and move-ins for VIV in St. Petersburg. |
| Aug 07 | Awards recognition | Positive | -1.6% | Aster & Links won two 2025 Aurora Awards for mixed-use and multifamily. |
Recent positive operational and financing milestones have coincided with modest negative next-day price reactions, suggesting a pattern of the stock underperforming against upbeat news.
Over the last six months, Belpointe OZ has reported several constructive updates. On Aug 07, 2025, its Aster & Links flagship won two 2025 Aurora Awards yet the stock fell modestly. On Oct 06, 2025, leasing commencement at VIV in St. Petersburg, including move-ins from November 2025, was followed by another small decline. A major $204.14 million refinancing for Aster & Links on Oct 09, 2025 also saw a slightly negative reaction. Today’s 25% leasing milestone for VIV continues this theme of solid project execution against a weaker share trend.
Market Pulse Summary
This announcement highlights that VIV in downtown St. Petersburg has leased 25% of its residential units since beginning leasing in late 2025, signaling early traction in a supply-constrained market. In prior quarters, Belpointe OZ reported rising rental revenue, a larger asset base, and continued net losses tied to development and financing costs. Investors may watch ongoing lease-up at VIV and Aster & Links, alongside debt levels and cash resources, to gauge how these projects affect overall financial performance.
Key Terms
qualified opportunity fund financial
AI-generated analysis. Not financial advice.
St. Petersburg, Florida, Jan. 14, 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 VIV, its luxury multifamily development in downtown St. Petersburg, Florida, has achieved a significant leasing milestone, with
The property began leasing in late 2025 and is now seeing consistent demand from residents seeking newly delivered, high-quality housing near the city’s employment centers, waterfront, dining, and cultural attractions.
“We believe this milestone reflects both the strength of the St. Petersburg rental market and the appeal of the VIV community,” said Brandon Lacoff, Chairman and Chief Executive Officer of Belpointe OZ. “As leasing continues to progress, VIV is demonstrating the type of early traction we look for as a new asset establishes itself within a supply-constrained downtown environment.”
The downtown St. Petersburg market has benefited from strong in-migration and job growth, providing a supportive backdrop for new developments entering lease-up. In our view, VIV’s location and modern design position it to compete effectively for renters seeking an urban lifestyle in a walkable, amenity-rich setting.
About VIV
VIV is a premier mixed-use development located in the vibrant downtown area of St. Petersburg, Florida. Designed with modern living in mind, VIV offers an exceptional collection of residential units, state-of-the-art amenities, and retail spaces that bring convenience and community to the doorstep of every resident. Perfectly situated near world-class dining, entertainment, and cultural attractions, VIV offers a lifestyle of comfort, convenience, and connection in one of Florida’s most desirable urban environments.
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 leasing milestone did Belpointe OZ (OZ) announce for VIV on January 14, 2026?
When did VIV in downtown St. Petersburg start leasing and how fast is lease-up progressing?
How did Belpointe OZ describe demand for VIV apartments in St. Petersburg?
What reasons did Belpointe OZ give for VIV's early leasing traction?
Does the announcement indicate any change to Belpointe OZ's financial guidance or earnings?
What does 25% leased mean for OZ shareholders in the near term?
