Welcome to our dedicated page for Belpointe PREP SEC filings (Ticker: OZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Belpointe PREP, LLC filings document the regulatory record for a qualified opportunity fund with Class A units traded as OZ. Its disclosures address real estate development assets, property-level subsidiaries, mixed-use and multifamily projects, and the company’s unit-based capital structure.
Recent filings emphasize Form 8-K material-event reports, amended event reports, definitive agreements, mortgage and mezzanine financing, property contribution and sale agreements, governance matters and unitholder voting results. The filings also describe operating and financial results, capital-structure terms and risks tied to real estate development, leasing, refinancing and Opportunity Zone fund operations.
Belpointe PREP, LLC (OZ) reported its quarterly determination of net asset value (NAV) as of June 30, 2026. The company calculated a total NAV of $455,013,467 and a NAV per Class A unit of $116.37, based on 3,909,902 Class A units outstanding.
Total assets were $761,525,631, including $727,299,889 in investments in real properties, $15,636,979 in cash and cash equivalents, and $18,588,763 in other assets. Total liabilities were $306,512,164, consisting primarily of $282,311,738 in debt and other borrowings and $24,200,426 in other liabilities.
The NAV per Class A unit is derived under the company’s valuation policies, which seek to estimate the price that might be received for assets in an arm’s-length transaction. The company states this NAV is not a guarantee of realizable value or of future trading prices of its Class A units on NYSE American.
Belpointe PREP, LLC (OZ) is calling a 2026 in‑person annual meeting on October 12, 2026 at 12:00 p.m. ET in Greenwich, CT. Unitholders of record as of August 21, 2026 (3,953,666 Class A units, 100,000 Class B units and one Class M unit outstanding) may vote.
Unitholders will vote on: electing two Class II directors (Martin Lacoff and Ronald Young Jr.); ratifying CohnReznick LLP as independent auditor for 2026; and approving, for NYSE American Section 713(a) purposes, a registered “at the market” offering of up to $250,000,000 of Class A units on a continuous best‑efforts basis, which could exceed 19.99% of current Class A units and be dilutive.
The company states proceeds from any approved offering would support its existing investment portfolio and fund additional commercial real estate and real estate‑related investments. The proxy also details its externally managed structure, 0.75% of NAV management fee, related‑party loans and development arrangements, board and committee composition, and director compensation.
Belpointe PREP, LLC is asking unitholders to approve several items at its October 12, 2026 annual meeting. Unitholders will vote on electing two Class II directors (Martin Lacoff and Ronald Young Jr.), ratifying CohnReznick LLP as independent auditor for the year ending December 31, 2026, and approving a public offering proposal.
The public offering proposal would authorize the offer and sale of up to $250,000,000 of Class A units in a registered “at the market” offering under Rule 415(a). The company notes this could exceed 19.99% of currently outstanding Class A units and would dilute existing holders but provide additional capital for its real estate-focused investment strategy. Governance disclosures describe a three-class board, a powerful Class M unit with votes equal to ten times all Class A and B units combined, an external management structure, and multiple related-party financing and service arrangements with the sponsor group.
Belpointe PREP, LLC entered into a Loan Modification Agreement on June 10, 2026 for its fixed-rate loan secured by 900 8th Avenue South in Nashville, Tennessee. The agreement extends the loan’s maturity date from July 2, 2026 to July 2, 2027, giving the company an additional year before repayment is due.
In connection with the modification, 900 Eighth, LP and certain affiliates paid the lender about $2.4 million, including $1.5 million of principal paydown and roughly $0.9 million of prepaid interest and fees. After this payment, the principal balance on the 900 8th Land Loan is $8.5 million, clarifying the remaining debt tied to this property.
Belpointe PREP, LLC reported a net asset value (NAV) of $453,157,249 as of March 31, 2026, with a reported NAV per Class A unit of $116.25 based on 3,898,104 Class A units outstanding.
Total assets were $755,611,260, including $724,820,038 of investments in real properties and $19,568,237 in cash and cash equivalents. Total liabilities were $302,454,011, primarily from $279,428,825 of debt and other borrowings. The Manager applies its valuation policies to estimate the price that would be received for the company’s assets in an arm’s-length transaction and notes there is no guarantee units will trade at NAV.
Belpointe PREP, LLC is a Delaware limited liability company and the only publicly traded qualified opportunity fund listed on a U.S. exchange, investing primarily in commercial and mixed‑use real estate within opportunity zones. As of March 13, 2026, it had 3,896,184 Class A units outstanding, with non‑affiliate Class A units valued at about $210.9 million as of June 30, 2025 based on NYSE American prices. The company raised aggregate gross offering cash proceeds of $368.6 million by December 31, 2025 and reported a net asset value of $116.17 per Class A unit as of that date. Operations are externally managed by Belpointe PREP Manager, LLC, which is affiliated with sponsor Belpointe, LLC.
The portfolio includes large developments such as Aster & Links in Sarasota, Florida and VIV in St. Petersburg, Florida, alongside multiple Nashville and Storrs, Connecticut projects. Belpointe employs property‑level and corporate debt, targets 50–70% leverage on stabilized properties, and is structured as a partnership for U.S. federal income tax purposes while aiming to maintain qualified opportunity fund status under evolving OZ 1.0 and OZ 2.0 rules.
Belpointe PREP, LLC filed an amended report to correct a scrivener’s error and fully restate details of a new financing arrangement. Through its indirect subsidiary BPOZ 100 Tokeneke Holding, LLC, the company made a $5,000,000 convertible loan to 100 Tokeneke Road, LLC on March 3, 2026.
The loan bears interest at 3.6% per annum and, unless converted, is due March 3, 2028. It is convertible at the lender’s discretion into Class A units of 100 Tokeneke Partners, LLC at a $14.50 conversion price per unit. Proceeds were applied to purchase real property at 100 Tokeneke Road in Darien, Connecticut.
Concurrently, a related party entity made a separate $3,250,000 convertible loan on similar terms, with $625,000 mandatorily converted post-closing into Class A units of Tokeneke Partners, resulting in the related party becoming a 50% beneficial owner. The company’s Conflicts Committee reviewed and approved both related-party transactions.