Belpointe Prep Stock Price, News & Analysis

Belpointe PREP, LLC, which does business as Belpointe OZ, is a publicly traded qualified opportunity fund listed on the NYSE American under the ticker symbol OZ. According to the company’s public disclosures, Belpointe OZ focuses on real estate development and investment within Qualified Opportunity Zones in the United States, aligning with the real estate – development segment of the broader real estate sector.

The company states that its investments consist of properties located in Qualified Opportunity Zones for the development or redevelopment of a variety of real estate asset types. These include multifamily, student housing, senior living, healthcare, industrial, self-storage, hospitality, office, mixed-use, data centers, and solar projects located throughout the United States and its territories. Belpointe OZ reports that it currently has two reporting segments: a commercial segment, which includes properties such as office, retail centers, and warehouses, and a mixed-use segment, which includes properties that blend both residential and retail components within a single real estate asset.

Qualified Opportunity Fund Focus

Belpointe OZ describes itself as a qualified opportunity fund that invests in Opportunity Zone real estate projects. Public communications emphasize that the fund seeks high-quality Opportunity Zone investments and that its structure provides investors with exposure to residential and mixed-use developments in selected markets. The company has disclosed that it has thousands of residential units in its development pipeline across multiple cities, representing a significant aggregate project cost, and that these projects are located in what it characterizes as high-growth or supply-constrained markets.

Belpointe OZ has also filed registration statements with the U.S. Securities and Exchange Commission for the offer and sale of Class A units representing limited liability interests in the company. The company’s press releases and prospectus references highlight that investing in these Class A units involves a high degree of risk, including the possibility of a complete loss of investment, and that prospective investors should carefully review its investment objectives, strategy, risk factors, fees, expenses, and potential tax consequences in its SEC-filed prospectus and related documents.

Key Developments and Flagship Properties

Belpointe OZ’s public updates describe several notable developments within its portfolio. One flagship asset is Aster & Links in downtown Sarasota, Florida, which the company characterizes as a premier 424‑unit mixed-use luxury apartment community with substantial grocery-anchored and curated retail space. The company has reported leasing milestones at Aster & Links, including leasing of a meaningful portion of its residential units, and notes that the property offers rental residences together with a mix of retail tenants.

Another highlighted project is VIV, a mixed-use development in downtown St. Petersburg, Florida. Belpointe OZ has announced that VIV is designed as a premier mixed-use community offering residential units, amenities, and retail spaces in a walkable, amenity-rich urban setting. The company has reported construction progress, the receipt of Temporary Certificates of Occupancy for all units, the start of leasing, and subsequent leasing milestones, including a disclosed percentage of residential units leased. Public statements describe VIV as located near employment centers, waterfront, dining, entertainment, and cultural attractions in St. Petersburg.

In addition to Florida projects, Belpointe OZ has disclosed entering into an agreement relating to a development site at 100 Tokeneke Road in Darien, Connecticut, through an indirect subsidiary. The company describes this as a ground-up luxury multifamily development opportunity in a market it characterizes as affluent and supply-constrained. Under the disclosed transaction structure, the property is contributed to an indirect subsidiary in exchange for equity in the project entity, with Belpointe OZ indicating that it may provide future capital for development or financing and that it has the ability to buy out the seller at a pre-agreed valuation payable in Class A units.

Capital Structure, Financing, and Transactions

Belpointe OZ’s SEC filings and press releases provide detail on its financing arrangements and capital structure. The company has reported the use of mortgage and mezzanine loans to finance its developments, including a variable-rate mortgage loan and a mezzanine loan secured by Aster & Links in Sarasota, Florida. These loan agreements include interest-only payment terms, specified maturity dates with extension options, and customary covenants, as described in the company’s Form 8-K and Form 8-K/A filings.

The company has also disclosed refinancing activity. For example, Belpointe OZ reported closing a refinance transaction of approximately $204.14 million with an affiliate of Affinius Capital LLC for Aster & Links. According to the company, a portion of the proceeds was used to refinance existing debt, with remaining proceeds supporting lease-up, stabilization, and related expenses at the property. The company has stated that this refinancing is expected to reduce annual financing costs by a significant amount and provide ongoing financial benefits, while emphasizing that such statements are subject to risk factors and forward-looking statement disclaimers.

Belpointe OZ has additionally disclosed loan arrangements secured by a 3.2‑acre land assemblage at 900 8th Avenue South in Nashville, Tennessee, and a subsequent agreement for the sale of that property to a third-party buyer under a purchase and sale agreement. The company’s filings describe the loan terms, extension options, and the agreed purchase price and conditions for the sale, including earnest money deposits and timing mechanisms for entitlement, inspection, and closing.

Governance and Listing Status

Belpointe OZ is organized as a limited liability company with multiple classes of units, including Class A, Class B, and a Class M unit, as described in its proxy materials. Voting rights and governance structures, including the role of the Class M unit, are set out in detail in the company’s definitive proxy statement on Schedule 14A. The company holds annual meetings of unitholders to elect directors and ratify the appointment of its independent registered public accounting firm, as reflected in its proxy statement and related Form 8-K filings summarizing voting results.

The company has disclosed interactions with NYSE American regarding continued listing standards. In one press release, Belpointe OZ reported receiving a notice of noncompliance due to not holding its annual meeting by a specified date, and later announced that it had regained compliance with NYSE American listing standards following the successful completion of its annual meeting. The company states that it remains listed on NYSE American under the symbol OZ and has expressed its intention to maintain that listing, while noting that its ticker symbol may be subject to indicators if compliance issues arise.

Opportunity Zone Strategy and Risk Disclosure

Across its public communications, Belpointe OZ emphasizes its focus on Opportunity Zone investments and the associated long-term tax advantages for eligible investors. The company states that it invests in prime residential and mixed-use developments in what it describes as high-growth or supply-constrained markets and that it seeks to create long-term value through these real estate projects. At the same time, Belpointe OZ repeatedly highlights that investments in its Class A units involve a high degree of risk, including the potential for complete loss of investment, and urges prospective investors to read its most recent prospectus and SEC filings in full before making any investment decision.

Belpointe OZ’s disclosures also address net asset value (NAV) reporting, noting that NAV is not a U.S. GAAP measure and that valuations and adjustments used in its NAV calculation differ from GAAP-based measures. The company explains that its NAV reflects valuations of its real estate assets at specific dates and that such values may be affected by subsequent events, underscoring that past performance is not necessarily indicative of future results and that all investments involve risk, including loss of principal.

Business Segments and Asset Types

According to the company’s description, Belpointe OZ operates through two primary reporting segments: commercial and mixed-use. The commercial segment includes properties such as office, retail centers, and warehouses. The mixed-use segment includes properties that combine residential and retail components within a single asset. Within these segments, the company’s qualified opportunity fund strategy covers a range of property types, including multifamily, student housing, senior living, healthcare, industrial, self-storage, hospitality, office, mixed-use, data centers, and solar projects in Qualified Opportunity Zones.

By focusing on these asset types within designated Opportunity Zones, Belpointe OZ positions itself as a specialized real estate investment vehicle for investors seeking exposure to development and redevelopment projects that may offer specific tax-related features under the Opportunity Zone framework. All such positioning and strategy descriptions are drawn from the company’s own public statements and are subject to the risk disclosures and forward-looking statement caveats contained in its SEC filings and offering documents.