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 reports that its indirect majority-owned subsidiaries have entered into new financing arrangements for the Aster & Links development in Sarasota, Florida. BPOZ 1991 Main obtained a variable-rate mortgage loan agreement for up to $163.3 million, with an initial advance of $138.3 million, of which about $114.1 million refinanced the remaining balance of a prior construction loan with Bank OZK. The loan bears interest at Term SOFR plus 1.5% and initially matures on October 11, 2027, with two one-year extension options.
BP Mezz 1991 Main entered into a mezzanine loan agreement for up to $40.8 million, secured by its interest in BPOZ 1991 Main, also maturing on October 11, 2027 with two one-year extension options. Approximately $34.6 million from the mezzanine facility and about $17.1 million from the mortgage advance refinanced an existing mezzanine loan with Southern Realty Trust Holdings, LLC. The mezzanine loan bears interest at Term SOFR plus 6.75%, and remaining advances under both facilities may be used for leasing costs, capital expenditures, debt service, carry amounts and earnouts.
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.
Belpointe PREP, LLC held its annual meeting of unitholders. As of the record date of June 16, 2025, the company had 3,698,562 Class A units, 100,000 Class B units and 1 Class M unit outstanding. Holders of Class A and Class B units are entitled to one vote per unit. The single Class M unit is entitled to votes equal to ten times the aggregate number of Class A and Class B units outstanding on matters in which it may vote, indicating a concentrated voting power in the Class M holder. The filing includes signatures from authorized representatives, including Brandon E. Lacoff as Chairman and CEO.