Qualified Opportunity Fund

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Aster & Links Achieves Leasing Milestone with One-Third of Residential Units Now Leased
GlobeNewswire News Room· 2025-05-13 21:00
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]
Park View OZ REIT Announces Revenue Growth in Annual Earnings Report
Globenewswire· 2025-05-01 14:16
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]