Belpointe PREP to sell Nashville property for $19.3M

Rhea-AI Filing Summary

Belpointe PREP, LLC has entered into a material definitive agreement to sell its approximately 3.2-acre property at 900 8th Avenue South in Nashville, Tennessee for an aggregate purchase price of $19.3 million, subject to adjustment based on the number of units the buyer is permitted and intends to construct. The seller is 900 Eighth, LP, an indirect majority-owned subsidiary, and the buyer is WP South Acquisitions, L.L.C.

The contract date is set as August 26, 2025, with an entitlement date 120 days later (plus a possible 30-day extension), an inspection date 30 days after the entitlement date, and closing expected on the earlier of 180 days after the inspection date or a closing date chosen by the buyer with seven days’ notice, subject to up to three 30-day extensions by the buyer. The buyer has posted a $150,000 earnest money deposit, which becomes non-refundable after the inspection date except as otherwise provided, and the agreement includes customary representations, warranties and closing conditions.

Insights

Real estate and REIT analyst

Belpointe PREP signs $19.3M Nashville property sale agreement with structured, buyer-driven closing timeline.

Belpointe PREP, through its majority-owned subsidiary 900 Eighth, LP, agreed to sell its 3.2-acre 900 8th Avenue South property in Nashville for an aggregate purchase price of $19.3 million, with potential adjustment tied to the number of units the buyer is permitted and intends to construct. This converts a specific development parcel into a defined cash transaction, subject to entitlement and inspection milestones.

The deal structure is buyer-favorable on timing, with an entitlement date 120 days after the August 26, 2025 contract date, an inspection date 30 days after entitlement, and closing scheduled for the earlier of 180 days after inspection or a buyer-selected date with seven days’ notice, plus up to three 30-day buyer extensions. An initial $150,000 earnest money deposit is in place and becomes non-refundable after the inspection date except as otherwise provided, which partially offsets scheduling risk but still leaves completion dependent on the buyer satisfying customary conditions and proceeding to close.

From an investor’s perspective, the agreement outlines clear milestones and non-refundable deposit mechanics, but ultimate impact will hinge on the transaction reaching closing on the contemplated schedule and on the final purchase price after any adjustments related to the buyer’s permitted unit count. Future periodic reports are expected to provide more detail, including filing of the full Purchase and Sale Agreement as an exhibit to the Form 10-Q for the quarter ended September 30, 2025.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Belpointe PREP (OZ) announce in this 8-K?

Belpointe PREP, through its indirect majority-owned subsidiary 900 Eighth, LP, entered into a Purchase and Sale Agreement to sell its approximately 3.2-acre property at 900 8th Avenue South in Nashville, Tennessee to WP South Acquisitions, L.L.C. under specified terms and conditions.

What is the sale price for Belpointe PREPe28099s 900 8th Avenue South Nashville property?

The Purchase and Sale Agreement sets an aggregate purchase price of $19.3 million for the 900 8th Avenue South property, subject to adjustment based on any additional number of units the buyer is permitted and intends to construct above the minimum specified in the agreement.

Who are the buyer and seller in Belpointe PREP (OZ)e28099s Nashville land sale?

The seller is 900 Eighth, LP, a Tennessee limited partnership and indirect majority-owned subsidiary of Belpointe PREP, LLC. The buyer is WP South Acquisitions, L.L.C., a Georgia limited liability company.

What are the key dates and timing for Belpointe PREPe28099s 900 8th Avenue South sale?

Under the agreement, the contract date is August 26, 2025, the entitlement date is 120 days after the contract date (with one 30-day extension option for the buyer), the inspection date is 30 days after the entitlement date, and closing is expected on the earlier of 180 days after the inspection date or another closing date chosen by the buyer with seven dayse28099 written notice, subject to up to three additional 30-day extensions.

How much earnest money did the buyer post in Belpointe PREPe28099s Nashville property sale?

Within five business days of the contract date, the buyer posted a $150,000 earnest money deposit with an escrow agent. This earnest money, and any deposits for extensions, becomes non-refundable after the inspection date, except as otherwise provided in the Purchase and Sale Agreement.

Are there conditions attached to the closing of Belpointe PREP (OZ)e28099s Nashville land sale?

Yes. The Purchase and Sale Agreement includes customary representations, warranties and conditions to closing, and the closing is also tied to the entitlement, inspection, and extension mechanics set forth in the agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/19/2025 - 05:25 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2025 (September 19, 2025)

Belpointe PREP, LLC

(Exact name of registrant as specified in its charter)

Delaware		001-40911		84-4412083
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

255 Glenville Road Greenwich, Connecticut		06831
(Address or principal executive offices)		(Zip Code)

(203) 883-1944

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Class		Trading Symbol		Name of Exchange on which registered
Class A units		OZ		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On September 15, 2025, 900 Eighth, LP, a Tennessee limited partnership (the “Seller”), and indirect majority-owned subsidiary of the Belpointe PREP, LLC (together with its subsidiaries, “we” “us” “our” or the “Company”), entered into an Agreement for Purchase and Sale of Property (the “Purchase and Sale Agreement”) with WP South Acquisitions, L.L.C., a Georgia limited liability company (the “Buyer”), for the sale of our approximately 3.2-acre land assemblage located at 900 8th Avenue South, Nashville, Tennessee, together with all improvements thereon and rights to intangible personal property related thereto (collectively, “900 8th Avenue South”), for an aggregate purchase price of $19.3 million, subject to adjustment for any additional number of units that the Buyer is permitted and intends to construct in excess of the minimum number of units set forth in the Purchase and Sale Agreement.

Under the terms and conditions of the Purchase and Sale Agreement, August 26, 2025 will be the contract date (the “Contract Date”), the entitlement date will fall 120 days after the Contract Date, subject to one 30-day discretionary extension by the Buyer (the “Entitlement Date”), the inspection date will fall 30 days after the Entitlement Date (the “Inspection Date”) and, subject to the remaining customary terms and conditions set forth in the Purchase and Sale Agreement, the anticipated closing of the sale of the Property (the “Closing”) will take place on the earlier of 180 days following the Inspection Date or any other closing date (the “Closing Date”) chosen by the Buyer upon seven days prior written notice to the Seller, such Closing Date subject to three additional 30-day discretionary extensions by the Buyer. The Purchase and Sale Agreement is also subject to certain customary representations, warranties and conditions to closing.

Within five business days of the Contract Date the Buyer posted a $150,000 earnest money deposit with an escrow agent (the “Earnest Money”), which Earnest Money is, and any deposits for extension by the Buyer are, non-refundable after the Inspection Date, except as otherwise provided in the Purchase and Sale Agreement.

The foregoing description of the Purchase and Sale Agreement, is a summary, does not purport to be complete and is qualified in its entirety by reference to the Purchase and Sale Agreement, a copy of which we expect to file as an exhibit to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.

Forward-Looking Statements

This Current Report on Form 8-K (this “Form 8-K”) contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which reflect the current views of Belpointe PREP, LLC, a Delaware limited liability company (together with its subsidiaries, “we,” “us,” “our” or the “Company”) and which are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “goal,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions are intended to identify forward looking statements, although not all forward looking statements contain these identifying words. All statements other than statements of historical fact including, without limitation, statements with respect to expectations regarding the closing and the use of the net proceeds of the real estate transaction reported herein are forward-looking statements. Additionally, forward looking statements are subject to risks, trends, and uncertainties. We cannot provide you with assurances that the assumptions upon which our forward-looking statements are based will prove to have been correct. Should one o more risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward looking statements, and you are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this Form 8-K. We do not intend to update or revise any forward looking statements made herein or any other forward looking statements as a result of new information, future events or otherwise. We further expressly disclaim any written or oral statements made by a third party regarding the subject matter of this Form 8-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 19, 2025

	BELPOINTE PREP, LLC
	By:	/s/ Brandon E. Lacoff
		Brandon E. Lacoff
		Chairman of the Board and Chief Executive Officer