Belpointe OZ Announces Third Quarter Net Asset Value Per Class A Unit of $103.50

Rhea-AI Summary

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.

Positive

• The increase in NAV demonstrates the company's ability to generate value for investors.
• The transparency in the NAV calculation, including adjustments for transaction costs and equity premium, adds credibility to the reported figures.

Negative

• The potential impact on the fair value of real estate assets due to unknown circumstances and events introduces an element of uncertainty for investors.

Greenwich, CT, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ"), a publicly traded qualified opportunity fund, today announced its unaudited quarterly net asset value ("NAV") as of September 30, 2023 of $370.49 million or $103.50 per Class A unit.

“We are extremely satisfied with this approximately 5-point increase from last quarter’s NAV. We believe this truly showcases our teams’ efforts in continuing to create value for our investors.”

In calculating the 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 its 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 September 30, 2023 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 PREP, LLC's unaudited quarterly net asset value as of September 30, 2023?

Belpointe PREP, LLC's unaudited quarterly net asset value as of September 30, 2023, is $370.49 million or $103.50 per Class A unit.

What does the NAV calculation adjust for?

The NAV calculation adjusted for transaction costs and equity premium associated with the acquisition of Belpointe REIT, Inc.

What are the potential risks for investors mentioned in the PR?

The PR mentions that all investments involve risk, including the loss of principal.