Belpointe Prep Llc - OZ STOCK NEWS

Belpointe PREP (NYSE American: OZ), the first and only publicly traded Qualified Opportunity Fund, has announced regaining compliance with NYSE American listing standards following its 2024 Annual Meeting of Unitholders held on January 28, 2025. The company had previously faced non-compliance issues due to rescheduling the annual meeting to 2025.

CEO Brandon Lacoff expressed gratitude to unitholders for their patience during the resolution process. The company maintains its focus on executing its investment strategy through high-quality real estate investments in Opportunity Zones nationwide. Belpointe OZ continues to leverage its unique public structure, offering investors liquidity and transparency in Opportunity Zone investments, particularly in prime residential and mixed-use developments in high-growth markets.

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.

Belpointe PREP, LLC (NYSE American: OZ) announces unaudited quarterly net asset value of $365.43 million as of December 31, 2023, despite challenges in the commercial real estate market.

Belpointe PREP, LLC (NYSE American: OZ) announced its unaudited quarterly net asset value ('NAV') as of September 30, 2023, reaching $370.49 million or $103.50 per Class A unit. This represents a 5-point increase from the previous quarter, showcasing the team's efforts in creating value for investors. The NAV calculation adjusted for transaction costs and equity premium associated with the acquisition of Belpointe REIT, Inc., but did not adjust for gains or distributions distributable to the manager. The fair value of Belpointe OZ’s real estate assets may have been impacted after September 30, 2023 by unknown circumstances and events. All investments involve risk, including the loss of principal.

Belpointe PREP, LLC (NYSE: American: OZ) announces Greystar as property manager for Aster & Links, a two-building development in Sarasota, Florida. The project will feature two 10-story high-rise buildings with 424 apartment homes, various amenities, and is set to become a premier destination for residents and businesses in Sarasota.