Belpointe PREP, LLC Comments on Unusual Market Activity

Rhea-AI Summary

Belpointe PREP (NYSE American: OZ) has issued a statement addressing unusual trading activity concerning its Class A units, confirming no undisclosed material changes in its business or operations have occurred. The trading price has diverged from the net asset value of $100.00 per Class A unit. As the first publicly traded qualified opportunity fund, Belpointe PREP focuses on investments in properties located within qualified opportunity zones, including a variety of real estate assets across the United States.

Positive

• Belpointe PREP is the first publicly traded qualified opportunity fund.
• The company diversifies its investments across various property types including multifamily and healthcare.

Negative

• Unusual trading activity may indicate market volatility or manipulation.
• The trading price deviating from the net asset value of $100.00 could signal investor uncertainty.

GREENWICH, Conn., Feb. 22, 2022 /PRNewswire/ -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe PREP" or the "Company"), the first and only publicly traded qualified opportunity fund, is issuing this press release in light of unusual trading activity related to the Company's Class A units. While Belpointe PREP does not normally comment on market activity, the Company confirms that it is not aware of any undisclosed material change in the business, operations or affairs of the Company that would account for the recent increase in trading activity and the related deviation of its trading price from its net asset value of $100.00 per Class A unit.

About Belpointe PREP

Belpointe PREP, LLC is the first and only publicly traded qualified opportunity fund listed on a national securities exchange. Belpointe PREP's investments consist of properties located in qualified opportunity zones for the development or redevelopment of multifamily, student housing, senior living, healthcare, industrial, self-storage, hospitality, office, mixed-use, data centers and solar projects located throughout the United States and its territories. Belpointe PREP also intends to acquire, develop or redevelop and manage a wide range of commercial real estate assets located throughout the United States and its territories, including, but not limited to, real estate-related assets, such as commercial real estate loans and mortgages, and debt and equity securities issued by other real estate-related companies, as well as making private equity acquisitions and investments, and opportunistic acquisitions of other qualified opportunity funds and qualified opportunity zone businesses, with the goal of increasing distributions and capital appreciations.

For more information about Belpointe PREP please visit BelpointeOZ.com

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 and Media Relations Contact:

Cody H. Laidlaw
Belpointe
255 Glenville Road
Greenwich, Connecticut 06831
(203) 883-1944
330430@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/belpointe-prep-llc-comments-on-unusual-market-activity-301487870.html

SOURCE Belpointe PREP, LLC

FAQ

What recent market activity has affected Belpointe PREP (OZ)?

Belpointe PREP announced unusual trading activity related to its Class A units without any disclosed material changes in the business.

What is the net asset value of Belpointe PREP's Class A units?

The net asset value of Belpointe PREP's Class A units is $100.00.

What type of investments does Belpointe PREP focus on?

Belpointe PREP invests in properties located in qualified opportunity zones, including multifamily, student housing, and healthcare.

When was the press release regarding Belpointe PREP issued?

The press release was issued on February 22, 2022.

Is Belpointe PREP aware of any undisclosed changes in its operations?

Belpointe PREP confirms it is not aware of any undisclosed material changes in its business or operations.