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Belpointe OZ Announces Fourth Quarter 2024 Net Asset Value Per Class A Unit

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Belpointe PREP (NYSE: OZ) reported its Q4 2024 unaudited net asset value (NAV) of $439,479,873, or $119.94 per Class A Unit. This represents an approximate $22 increase from $97.93 as of September 30, 2024, primarily driven by updated valuations of Florida assets.

The company's flagship development, Aster & Links in Sarasota, FL, is showing strong lease-up progress, while Viv in St. Petersburg, FL, continues construction with leasing expected to begin later in the year. Belpointe OZ maintains its focus on high-quality Opportunity Zone investments, aiming to leverage long-term tax advantages while generating investor value.

Belpointe PREP (NYSE: OZ) ha riportato il suo valore netto degli attivi (NAV) non auditato per il quarto trimestre del 2024 pari a $439.479.873, ovvero $119,94 per Unità di Classe A. Questo rappresenta un aumento approssimativo di $22 rispetto ai $97,93 del 30 settembre 2024, principalmente guidato dalle valutazioni aggiornate degli attivi in Florida.

Il progetto di punta dell'azienda, Aster & Links a Sarasota, FL, sta mostrando un forte progresso nella locazione, mentre Viv a St. Petersburg, FL, continua la costruzione con l'inizio delle locazioni previsto per la fine dell'anno. Belpointe OZ mantiene il suo focus su investimenti di alta qualità nelle Opportunity Zone, puntando a sfruttare i vantaggi fiscali a lungo termine generando valore per gli investitori.

Belpointe PREP (NYSE: OZ) reportó su valor neto de activos (NAV) no auditado del cuarto trimestre de 2024 de $439,479,873, o $119.94 por Unidad de Clase A. Esto representa un aumento aproximado de $22 desde los $97.93 a partir del 30 de septiembre de 2024, impulsado principalmente por las valoraciones actualizadas de los activos en Florida.

El desarrollo insignia de la compañía, Aster & Links en Sarasota, FL, está mostrando un fuerte progreso en el arrendamiento, mientras que Viv en St. Petersburg, FL, continúa su construcción con el arrendamiento previsto para comenzar más adelante en el año. Belpointe OZ se mantiene enfocado en inversiones de alta calidad en las Opportunity Zones, buscando aprovechar las ventajas fiscales a largo plazo mientras genera valor para los inversores.

벨포인트 PREP (NYSE: OZ)는 2024년 4분기 감사되지 않은 순자산 가치(NAV)가 $439,479,873, 즉 클래스 A 유닛당 $119.94라고 보고했습니다. 이는 2024년 9월 30일 기준 $97.93에서 약 $22 증가한 수치로, 주로 플로리다 자산의 평가 업데이트에 의해 촉발되었습니다.

회사의 주요 개발 프로젝트인 사라소타, FL의 Aster & Links는 임대 진행이 강하게 나타나고 있으며, 세인트피터즈버그, FL의 Viv는 임대가 올해 말 시작될 것으로 예상하며 계속해서 건설 중입니다. 벨포인트 OZ는 고품질 기회 구역 투자에 집중하여 장기 세금 혜택을 활용하고 투자자 가치를 창출하는 것을 목표로 하고 있습니다.

Belpointe PREP (NYSE: OZ) a annoncé sa valeur nette d'actifs (NAV) non auditée pour le quatrième trimestre 2024 de $439,479,873, soit $119,94 par Unité de Classe A. Cela représente une augmentation d'environ $22 par rapport à $97,93 au 30 septembre 2024, principalement due aux évaluations mises à jour des actifs en Floride.

Le projet phare de l'entreprise, Aster & Links à Sarasota, FL, montre de solides progrès en matière de location, tandis que Viv à St. Petersburg, FL, poursuit sa construction avec des locations prévues pour commencer plus tard dans l'année. Belpointe OZ reste concentré sur des investissements de haute qualité dans les zones d'opportunité, cherchant à tirer parti des avantages fiscaux à long terme tout en générant de la valeur pour les investisseurs.

Belpointe PREP (NYSE: OZ) hat seinen nicht geprüften Nettovermögenswert (NAV) für das vierte Quartal 2024 mit $439.479.873, oder $119,94 pro Klasse A Einheit, veröffentlicht. Dies stellt einen ungefähren $22 Anstieg von $97,93 zum 30. September 2024 dar, der hauptsächlich durch aktualisierte Bewertungen der Vermögenswerte in Florida bedingt ist.

Das Flaggschiff-Projekt des Unternehmens, Aster & Links in Sarasota, FL, zeigt starke Fortschritte bei der Vermietung, während Viv in St. Petersburg, FL weiterhin im Bau ist, mit einer erwarteten Vermietung, die später im Jahr beginnen soll. Belpointe OZ konzentriert sich weiterhin auf hochwertige Investitionen in Opportunity Zones und strebt an, langfristige Steuervorteile zu nutzen, während es den Wert für die Investoren steigert.

Positive
  • NAV increased significantly by $22 per Class A Unit quarter-over-quarter
  • Strong lease-up progress at Aster & Links development in Sarasota
  • Construction advancing well at Viv development with leasing expected to start this year
Negative
  • None.

GREENWICH, Conn., March 10, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value (“NAV”) as of December 31, 2024, of $439,479,873 or $119.94 per Class A Unit.

The approximately $22 increase in our unaudited quarterly NAV, from $97.93 as of September 30, 2024 to $119.94 as of December 31, 2024, is primarily due to updated valuations for Belpointe OZ’s Florida assets, reflecting continued progress across our portfolio.

“Our flagship development, Aster & Links in Sarasota, FL, is making solid lease-up progress, contributing significantly to our increased valuation,” said Brandon Lacoff, CEO of Belpointe OZ. “Additionally, Viv, our development in St. Petersburg, FL, is advancing well in its construction phase, and we anticipate beginning leasing later this year.”

Belpointe OZ continues to focus on high-quality Opportunity Zone investments, benefiting from long-term tax advantages while creating significant value for investors. As the Company’s portfolio progresses, management remains committed to executing on its strategic vision.

For more information about Belpointe OZ, please visit investors.belpointeoz.com.

For more information about the luxury community at Aster & Links, please visit asterandlinks.com.

About Net Asset Value

NAV is not a measure used under accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV will differ from U.S. GAAP. You should not consider NAV to be equivalent to members’ capital or any other U.S. GAAP measure. For information on how Belpointe OZ calculates NAV, see the “Net Asset Value Calculation and Valuation Policies” section of our prospectus.

In calculating its NAV, Belpointe OZ adjusted for the transaction costs and equity premium associated with its acquisition of Belpointe REIT, Inc., however, did not adjust for gains or distributions distributable to the manager pursuant to the manager’s Class B units based on the conclusion that such amounts would be immaterial.

The fair value of Belpointe OZ’s real estate assets may have been impacted after December 31, 2024 by circumstances and events that are as of yet unknown. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal.

About Belpointe OZ

Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 2,500 units in its development pipeline throughout four cities, representing an approximate total project cost of over $1.3 billion.

Belpointe OZ has filed two registration statements (including a combined prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to an aggregate of $1,500,000,000 of Class A units representing limited liability interests in Belpointe OZ (the “Class A units”). Before you invest, you should read Belpointe OZ’s most recent prospectus and the other documents that it has filed with the SEC for more complete information about Belpointe OZ and the offering. Investing in Belpointe OZ’s Class A units involves a high degree of risk, including a complete loss of investment. Prior to making an investment decision, you should carefully consider Belpointe OZ’s investment objectives and strategy, risk factors, fees and expenses and any tax consequences that may results from an investment in Belpointe OZ’s Class A units. To view Belpointe OZ’s most recent prospectus containing this and other important information visit sec.gov or investors.belpointeoz.com. Alternatively, you may request Belpointe OZ send you the prospectus by calling (203) 883-1944 or emailing IR@belpointeoz.com. Read the prospectus in its entirety before making an investment decision.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.

Investor Relations and Media Contact:

Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
IR@belpointeoz.com
203-883-1944


FAQ

What is Belpointe OZ's (NYSE: OZ) net asset value per Class A Unit for Q4 2024?

Belpointe OZ reported an unaudited NAV of $119.94 per Class A Unit as of December 31, 2024.

How much did Belpointe OZ's (NYSE: OZ) NAV increase from Q3 to Q4 2024?

The NAV increased by approximately $22, from $97.93 in Q3 to $119.94 in Q4 2024.

What drove the NAV increase for Belpointe OZ (NYSE: OZ) in Q4 2024?

The increase was primarily due to updated valuations of Florida assets, particularly strong lease-up progress at Aster & Links in Sarasota.

What are the main development projects in Belpointe OZ's (NYSE: OZ) Florida portfolio?

The main projects are Aster & Links in Sarasota, which is in lease-up phase, and Viv in St. Petersburg, which is under construction.
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