Core Viewpoint - Belpointe PREP, LLC announced that its flagship asset, Aster & Links, has successfully leased approximately two-thirds of its residential units, indicating strong demand for high-quality rental housing in downtown Sarasota [1][2]. Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" and has over 2,000 units in its development pipeline across four cities, with a total project cost exceeding $1.0 billion [7]. Project Details - Aster & Links is a premier 424-unit mixed-use luxury apartment community located in downtown Sarasota, offering spacious one-, two-, and three-bedroom apartments, many with additional features for entertaining [3][6]. - The community includes approximately 60,000 square feet of curated retail space with existing and upcoming retailers, enhancing the living experience for residents [4]. Market Insights - The leasing milestone at Aster & Links reflects the ongoing strength of the Sarasota residential market, as the property continues its transition toward stabilization [2][4].

Core Viewpoint - Belpointe PREP, LLC announced that its luxury multifamily development, VIV, in downtown St. Petersburg, Florida, has reached a significant milestone with 25% of its residential units leased, indicating strong demand in the local rental market [1][2][3]. Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" and has over 2,000 units in its development pipeline across four cities, with a total project cost exceeding $1.0 billion [5]. Project Details - VIV is a premier mixed-use development designed for modern living, featuring residential units, state-of-the-art amenities, and retail spaces, strategically located near dining, entertainment, and cultural attractions in downtown St. Petersburg [4]. Market Context - The downtown St. Petersburg rental market has experienced strong in-migration and job growth, creating a favorable environment for new developments like VIV, which is positioned to attract renters seeking an urban lifestyle [3].

Core Viewpoint - Belpointe PREP, LLC announced that its luxury multifamily development, VIV, in downtown St. Petersburg, Florida, has reached a significant milestone with 25% of its residential units leased, indicating strong demand in the local rental market [1][2][3]. Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" and has over 2,000 units in its development pipeline across four cities, with a total project cost exceeding $1.0 billion [5]. Project Details - VIV is a premier mixed-use development designed for modern living, featuring residential units, state-of-the-art amenities, and retail spaces, strategically located near dining, entertainment, and cultural attractions in downtown St. Petersburg [4]. Market Context - The downtown St. Petersburg rental market has experienced strong in-migration and job growth, creating a favorable environment for new developments like VIV, which is positioned to attract renters seeking an urban lifestyle [3].

Core Viewpoint - Belpointe PREP, LLC has entered into an agreement for a development site in Darien, Connecticut, aiming to capitalize on the affluent and supply-constrained residential market in the region [1][2]. Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" [4]. - The company has over 2,000 units in its development pipeline across four cities, with a total project cost exceeding $1.0 billion [4]. Transaction Details - The property at 100 Tokeneke Road is being contributed by the seller to an indirect subsidiary of Belpointe OZ in exchange for equity in the project entity, with no upfront cash consideration required [2]. - Future capital will be provided by Belpointe OZ for the project's development or financing through an affiliated investment vehicle [2]. - The agreement includes a mechanism for Belpointe OZ to buy out the seller at a pre-agreed valuation, payable in Class A units, aligning long-term incentives and preserving balance-sheet flexibility [3]. Market Context - Darien is consistently ranked among the wealthiest towns in America, characterized by limited multifamily inventory and strong long-term demand due to its proximity to New York City and a highly affluent resident base [3]. - The demographic profile and supply constraints in Darien create a compelling backdrop for long-term value creation in residential development [4].

Core Insights - Belpointe PREP, LLC has successfully leased approximately one-third of the residential units in its flagship asset, Aster & Links, a luxury apartment community in Sarasota, following its grand opening in early April [1][3] Company Overview - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ" [6] - The company has over 2,500 units in its development pipeline across four cities, with a total project cost exceeding $1.3 billion [6] Aster & Links Features - Aster & Links is a 424-unit mixed-use luxury apartment community located in downtown Sarasota, offering one-, two-, and three-bedroom apartments with high-end amenities [2][5] - The community includes approximately 60,000 square feet of curated retail space featuring various retailers such as Sprouts Farmers Market® and Isabel Boutique [3]

Core Insights - Park View OZ REIT (PVOZ) reported significant growth in its annual earnings for the 2024 fiscal year, with revenue increasing by 1500% compared to 2023 [2] - The loss per share decreased by approximately 85%, from $3.06 in 2023 to $0.47 in 2024, indicating improved financial performance [2] - The positive results are attributed to an increase in assets in service during the fiscal year [2] Company Performance - The CEO of Park View OZ REIT, Michael Kelley, expressed optimism about the sustained momentum in the business, driven by strong leasing activity and demand trends [3] - The properties managed by the company are appealing to renters, contributing to increased rental income and reflecting the quality of the assets [3] - The company focuses on opportunities that provide profitability while also contributing to community development [3] Company Overview - Park View OZ REIT is the only Qualified Opportunity Fund (QOF) that offers publicly traded shares, allowing investors access to opportunity zone tax incentives [5] - The fund aims to invest proceeds in opportunity zone properties across the U.S., facilitating tax-efficient wealth management strategies for investors [5]