Welcome to our dedicated page for Belpointe Prep news (Ticker: OZ), a resource for investors and traders seeking the latest updates and insights on Belpointe Prep stock.
Belpointe PREP, LLC, known as Belpointe OZ (NYSE American: OZ), is a publicly traded qualified opportunity fund focused on real estate development and investment in Qualified Opportunity Zones in the United States. News about Belpointe OZ often centers on its residential and mixed-use projects, financing transactions, and corporate updates related to its listing and governance.
Recent press releases highlight activity at flagship properties such as Aster & Links in downtown Sarasota, Florida, and VIV in downtown St. Petersburg, Florida. The company has reported construction progress, leasing milestones, and refinancing arrangements for these mixed-use developments, including disclosures about the percentage of residential units leased and the use of loan proceeds to refinance existing debt and support lease-up and stabilization.
Belpointe OZ’s news flow also includes announcements about new development opportunities, such as an agreement relating to a luxury multifamily development site at 100 Tokeneke Road in Darien, Connecticut, and transactions involving land holdings like its 900 8th Avenue South assemblage in Nashville, Tennessee. In addition, the company issues updates on net asset value (NAV) per Class A unit, Opportunity Zone investment strategy, and interactions with NYSE American regarding continued listing standards.
Investors and observers who follow OZ news can expect coverage of leasing performance at key properties, mortgage and mezzanine loan agreements, refinancing events, purchase and sale agreements, NAV disclosures, annual meeting results, and other SEC-reported events. This news page aggregates those developments so readers can review Belpointe OZ’s publicly released information on its Opportunity Zone real estate portfolio and related corporate actions.
Belpointe OZ (NYSE American: OZ) has rescheduled its adjourned annual meeting to January 28, 2025, at 12:00 p.m. E.T. at its Greenwich, Connecticut headquarters. The record date remains October 30, 2024, and previously submitted votes will remain valid.
The company received a notice of noncompliance from NYSE American on January 6, 2025, for failing to hold its Annual Meeting by December 31, 2024. This noncompliance with Section 704 of the NYSE American Company Guide may result in the addition of a below compliance indicator (.BC) to the company's ticker symbol until compliance is regained.
Belpointe OZ (NYSE American: OZ) announced the adjournment of its annual meeting of unitholders, originally scheduled for December 19, 2024, due to lack of quorum. The meeting has been rescheduled to January 24, 2025, at 12:00 p.m. E.T., to be held at the company's headquarters in Greenwich, Connecticut.
The record date remains October 30, 2024, and previously submitted votes will remain valid. Unitholders who plan to attend in person should contact Investor Relations. The meeting agenda and items for voting remain unchanged from those detailed in the company's proxy statement filed with the SEC on November 5, 2024.
Belpointe PREP, (NYSE American: OZ), a publicly traded qualified opportunity fund, has provided an initial assessment of Hurricane Milton's impact on its properties. The company reported no significant damage to Aster & Links in Sarasota and Viv in St. Petersburg, Florida.
At Aster & Links, there was a temporary power disruption, but the generator maintained critical systems. Electric service was quickly restored, and preliminary assessments show minimal exterior damage. The Viv development's construction crane withstood severe conditions due to rigorous precautionary measures.
CEO Brandon Lacoff expressed gratitude for the favorable outcome and emphasized the company's commitment to supporting the broader community while prioritizing the safety of their projects, residents, and neighbors.
Belpointe PREP, (NYSE American: OZ), a publicly traded qualified opportunity fund, announced its unaudited Q2 2024 net asset value (NAV) of $356.78 million or $98.24 per Class A unit. Despite a slight decrease of approximately 1%, primarily due to a valuation change in the Nashville, TN market, CEO Brandon Lacoff expressed confidence in the portfolio's long-term return potential.
The company highlighted positive progress at Aster & Links, their flagship property in downtown Sarasota, FL, which has begun leasing and moving in residents. This luxury community development marks a significant milestone in Belpointe OZ's real estate portfolio.
Belpointe OZ, a publicly traded qualified opportunity fund, announced its unaudited quarterly Net Asset Value (NAV) as of March 30, 2024. The NAV stood at $361.66 million, or $99.59 per Class A unit, reflecting a 1% decrease from Q4 2023. This decline was primarily due to a valuation change in the Nashville market and increased operating costs associated with real estate assets. These were partially offset by valuation gains in the Sarasota, St. Petersburg, and Storrs markets. Despite the NAV decline, CEO Brandon Lacoff expressed confidence in the company's portfolio and long-term return potential. Additionally, the company is excited about the first residential tenants moving into their flagship property, Aster & Links, in Sarasota, FL.
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