olivLaw · US equity research
Belpointe PREP, LLC OZ
Real Estate · SIC 6500 · Vertical: Real Estate (SIC 6500)
Belpointe PREP is the only publicly traded qualified opportunity fund listed on a US national securities exchange, investing in commercial and mixed-use properties in qualified opportunity zones. The company has raised aggregate gross offering proceeds of about 368.6 million USD, and its NAV per Class A unit was 116.17 USD as of December 31, 2025. Its relevance could grow as the United States moves to the next generation of opportunity zones (OZ 2.0).
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Belpointe PREP, LLC (OZ) stock was 34.44 USD (+2.81% on the day), with market capitalisation 47.6 m USD, beta 0.24, 52-week range 33.50–67.09 USD. Latest reported quarter (Q3 2026): revenue of 6.3 m USD (+165.6% YoY), net income of -8.7 m USD, diluted EPS -2.20 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 29.6
- oversold (≤ 30)
- Bollinger (20, 2)
- 32.54 – 39.47
- in the lower half of the band · %B 0.27 · band width 19.2%
- SMA 50 / 200
- 41.62 / 47.38
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -2.17 / -2.26
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −16.5% | −1.1% | −15.4 pp | — |
| 3 months | −30.8% | −0.5% | −30.4 pp | — |
| 6 months | −32.2% | +4.4% | −36.6 pp | — |
| Year to date | −47.0% | +12.3% | −59.4 pp | — |
| 1 year | −47.9% | +13.5% | −61.4 pp | −11.2% |
| 3 years | −50.1% | +76.4% | −126.5 pp | −2.5% |
| 5 years | −65.6% | +63.7% | −129.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.1 m | 1.7 m | 2.0 m | 2.4 m | 3.1 m | 4.2 m | 5.4 m | 6.3 m |
| Depreciation & amortisation | 2.4 m | 2.4 m | 1.9 m | 1.9 m | 3.7 m | 3.8 m | 3.1 m | 3.1 m |
| Net income | -8.2 m | -8.6 m | -7.6 m | -12.1 m | -11.7 m | -10.7 m | -9.2 m | -8.7 m |
| Diluted EPS | -2.25 ≈ | -2.35 | -2.06 | -3.21 | -3.07 ≈ | -2.75 | -2.37 | -2.20 |
| Operating cash flow | -5.0 m | -6.6 m | -2.4 m ≈ | -6.0 m ≈ | -10.2 m | -6.1 m | -3.9 m ≈ | -1.9 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 101.0 k | 997.0 k | 1.4 m | 2.3 m | 2.7 m | 9.2 m |
| Revenue YoY | unavailable | +887.1% | +39.5% | +62.0% | +18.7% | +243.4% |
| Net income | -112.0 k | -3.1 m | -7.7 m | -14.4 m | -23.9 m | -40.0 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -7.64 | -2.25 | -4.04 | -6.56 | -10.72 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -110.9% | -314.4% | -552.3% | -636.7% | -891.8% | -435.9% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 24.3 m USD
- Financial debt
- 260.6 m USD
- Net debt
- 236.3 m USD
- Equity
- unavailable USD
- Total assets
- 564.2 m USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- -7.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 101.0 k | 997.0 k | 1.4 m | 2.3 m | 2.7 m | 9.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Depreciation & amortisation | 43.0 k | 588.0 k | 1.3 m | 2.1 m | 5.5 m | 10.9 m | SEC (XBRL)· 20 Mar 2026verified |
| Interest expense | — | — | 100.0 k | 100.0 k | — | — | SEC (XBRL)· 29 Mar 2024verified |
| Pre-tax income | — | -3.0 m | -8.1 m | -14.4 m | -23.9 m | -40.1 m | SEC (XBRL)· 20 Mar 2026verified |
| Income tax | — | — | 112.0 k | 1.0 k | 1.0 k | — | SEC (XBRL)· 31 Mar 2025verified |
| Net income | -112.0 k | -3.1 m | -7.7 m | -14.4 m | -23.9 m | -40.0 m | SEC (XBRL)· 20 Mar 2026verified |
| Diluted EPS | — | -7.64 | -2.25 | -4.04 | -6.56 | -10.72 | SEC (XBRL)· 20 Mar 2026verified |
| Weighted average diluted shares | — | — | 3.4 m | 3.6 m | 3.6 m | 3.7 m | SEC (XBRL)· 20 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.6 m | 192.1 m | 143.5 m | 20.1 m | 24.7 m | 24.3 m | SEC (XBRL)· 20 Mar 2026verified |
| Property, plant & equipment, net | — | 700.0 k | — | — | — | — | SEC (XBRL)· 11 Mar 2022verified |
| Intangibles (excl. goodwill) | 2.0 m | 9.3 m | 8.7 m | 7.5 m | 7.3 m | 7.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Total assets | 37.3 m | 341.4 m | 354.0 m | 382.1 m | 517.6 m | 564.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Short-term debt | 35.0 m | 10.8 m | — | 4.0 m | — | — | SEC (XBRL)· 29 Mar 2024verified |
| Long-term debt | — | — | — | 19.7 m | 177.0 m | 260.6 m | SEC (XBRL)· 20 Mar 2026verified |
| Total liabilities | 37.4 m | 17.6 m | 21.3 m | 57.1 m | 213.5 m | 289.0 m | SEC (XBRL)· 20 Mar 2026verified |
| Equity | -102.0 k | — | — | — | — | — | SEC (XBRL)· 15 Nov 2021verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -12.0 k | -2.3 m | -6.7 m | -6.9 m | -13.7 m | -25.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Investing cash flow | -28.4 m | -43.4 m | -63.5 m | -145.1 m | -138.1 m | -62.0 m | SEC (XBRL)· 20 Mar 2026verified |
| Financing cash flow | 35.0 m | 231.4 m | 22.8 m | 30.7 m | 157.0 m | 87.0 m | SEC (XBRL)· 20 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 1 of at least 6
- score weight coverage: 8.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 47.6 m USD
Key indicators
Coverage and freshness
Score by group
9% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
- Peers: P/Bunavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 1 of at least 6; score weight coverage: 8.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | unavailable | unavailable | — |
| EBITDA margin · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 87.6% | 100 (on a fixed band) | 100% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality· partialunavailable · 0/2 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Belpointe PREP, LLC (OZ). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 9.2 m USD in 2025; YoY growth 243.4%; net margin -212.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 1 of at least 6; score weight coverage: 8.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 87.6%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROE, EBITDA margin, Net debt / EBITDA, Interest coverage, P/B, P/E (TTM), Dividend yield, Payout ratio (EPS).
Versus the vertical median
Real Estate (SIC 6500) · same industry (4-digit SIC) · compared with 31 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CBRECbre Group, Inc. | 40.7 bn | 30.2 | 16.1% | 3.1% | +13.4% | −13% / +79% |
| VTMXVesta Real Estate Corporation, S.A.B. de C.V. | 32.7 bn | 131.8 | 9.1% | 85.4% | +12.2% | +19% / −2% |
| TRNOTerreno Realty Corporation | 7.5 bn | 20.3 | 8.3% | 68.1% | +24.5% | +8% / +19% |
| FSVFirstService Corporation | 7.1 bn | 49.0 | 14.9% | 3.5% | +5.4% | −1% / −1% |
| CIGIColliers International Group Inc. | 4.0 bn | 48.8 | 15.7% | 4.0% | +15.3% | −32% / −5% |
| CURBCurbline Properties Corp. | 3.7 bn | 125.4 | 1.3% | 11.2% | +51.3% | +26% / unavailable |
| CWKCushman & Wakefield Ltd. | 3.5 bn | 50.5 | 3.4% | 0.6% | +8.9% | −11% / +82% |
| UEUrban Edge Properties | 2.7 bn | 24.6 | 7.9% | 22.2% | +6.1% | +10% / +26% |
| GTYGetty Realty Corp. | 1.9 bn | 17.4 | 8.9% | 42.4% | +9.0% | +1% / −2% |
| IIPRInnovative Industrial Properties, Inc. | 1.6 bn | 12.5 | 7.6% | 53.2% | −13.8% | +14% / −31% |
| FORForestar Group Inc. | 1.3 bn | 7.5 | 9.6% | 9.9% | +10.1% | −2% / −18% |
| HPPHudson Pacific Properties, Inc. | 572.8 m | — | -19.8% | -69.1% | −1.3% | −24% / −74% |
| DUOFangdd Network Group Ltd. | 548.5 m | — | -17.9% | -23.9% | +9.2% | −68% / −96% |
| AHRTAh Realty Trust, Inc. | 500.6 m | — | -6.7% | -18.2% | +4.1% | +3% / −38% |
| TRCTejon Ranch Co. | 439.9 m | 71.3 | 1.3% | 10.6% | +18.4% | +0% / +3% |
| FRPHFrp Holdings, Inc. | 360.7 m | 2,041,655.0 | 0.0% | 0.2% | +2.6% | −19% / −32% |
| MLPMaui Land & Pineapple Co Inc | 289.5 m | — | -16.1% | -28.6% | +68.2% | −8% / −2% |
| OPIOffice Properties Income Trust | 285.6 m | — | -40.5% | -73.0% | −11.8% | unavailable / unavailable |
| CMTGClaros Mortgage Trust, Inc. | 261.0 m | — | -36.5% | -391.9% | −24.4% | −44% / −85% |
| CHCIComstock Holding Companies, Inc. | 165.7 m | 6.7 | 36.4% | 32.2% | +22.6% | +46% / +352% |
| BEEPMobile Infrastructure Corporation | 100.4 m | — | -16.1% | -67.2% | −5.2% | −22% / −54% |
| LPALogistic Properties of the Americas | 78.1 m | 7.5 | 4.3% | 20.9% | +14.3% | −27% / unavailable |
| OZBelpointe PREP, LLC | 47.6 m | — | — | -212.1% | +243.4% | −48% / −50% |
| AEIAlset Inc. | 21.1 m | — | -43.4% | -951.4% | −78.8% | −80% / −54% |
| CWDCalibercos Inc. | 4.7 m | — | — | -117.3% | −60.7% | −80% / −98% |
1- and 3-year price returns: for OZ from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
In brief
Belpointe PREP is the only publicly traded qualified opportunity fund listed on a US national securities exchange, investing in commercial and mixed-use properties in qualified opportunity zones. The company has raised aggregate gross offering proceeds of about 368.6 million USD, and its NAV per Class A unit was 116.17 USD as of December 31, 2025 1. Its relevance could grow as the United States moves to the next generation of opportunity zones (OZ 2.0).
SWOT
Strengths
- The company has a unique status as the only publicly traded qualified opportunity fund listed on a national exchange, giving it a distinct market position 1.
- The portfolio includes a large project, Aster & Links, with luxury units and retail space whose occupancy has been rising, which could support rental income 1.
- The sponsor has experience in acquiring and developing real estate, and its affiliates have facilitated or originated real estate assets with substantial construction costs 1.
Weaknesses
- The company has a limited operating history, and the past results of its sponsor do not guarantee future performance 1.
- The commercial segment posted operating losses in fiscal 2025, and property tax costs rose 1.
- Net losses and interest expenses increased considerably in fiscal 2025, showing reliance on external financing 1.
Opportunities
- The expansion of the opportunity zone program through OZ 2.0 and the rural opportunity fund could open new categories of investment 1.
- If occupancy at Aster & Links keeps rising, mixed-use segment revenue could become more predictable 12.
- Refinancing at lower interest costs could reduce long-term financing expenses if market conditions improve 1.
Threats
- Rising interest rates and financial market volatility could affect the cost of funding and the value of investments 12.
- Competition from other opportunity funds could make it harder to identify and finance suitable projects 1.
- Changes in tax policy or delays in OZ 2.0 regulation could alter investment conditions and investors' tax benefits 1.
Risks
- Limited operating historyhigh
The company has limited experience and cannot give investors detailed information about future investments, which makes the investment more speculative 1.
- Dependence on raising capitalhigh
If the Follow-on Offering does not raise enough money, the fund could be forced to delay or abandon projects, and distributions could be affected 1.
- Estimates of net asset valuemedium
The net asset value is an estimate based on judgments and assumptions, and the actual value on sale could differ from the published figure 1.
- Variable-rate borrowing costsmedium
Loans for Aster & Links carry variable rates linked to SOFR, so a rise in rates could significantly increase financing expenses 12.
Investment thesis
What would need to be true (bull case)
- Its status as the only publicly traded qualified opportunity fund could attract investors seeking tax benefits linked to opportunity zones 1.
- If Aster & Links continues to lease up and stabilize, mixed-use segment revenue could grow and provide a firmer base for distributions 12.
- The expansion of the program through OZ 2.0 and new rural zones could open a larger volume of investment opportunities in coming years 1.
What would break the thesis
- Net losses and interest expenses rose in fiscal 2025, and if this trend continues, financial results could remain under pressure 1.
- Dependence on variable-rate loans and on the Follow-on Offering, which produced modest sales in the first half of 2026, could limit financial flexibility 12.
- Uncertainty around OZ 2.0 rules and economic conditions could delay investments and reduce the product's appeal to investors 12.
What to watch
- Occupancy trend at Aster & Links and revenue of the mixed-use segmentQ3 2026
- Sales volume in the Follow-on Offering and the pace of capital raisingQ3 2026
- Transitional and final OZ 2.0 regulations issued by Treasury and IRS2027
- Net asset value per unit published after the close of 2026next 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
The business
Belpointe PREP, LLC is a Delaware limited liability company that has qualified as a qualified opportunity fund since fiscal 2020 and is externally managed by Belpointe PREP Manager, LLC, an affiliate of the sponsor Belpointe, LLC 1. Its core activity is identifying, acquiring, developing or redeveloping and managing commercial and mixed-use properties in qualified opportunity zones, with at least 90% of assets in such property 1. Class A units are listed on the NYSE American under the symbol OZ 1.
The fund operates through two operating companies, Belpointe PREP OC, LLC and Belpointe PREP TN OC, LLC, and all assets are held through them 1. As of December 31, 2025 operations were organized into two reporting segments, commercial and mixed-use 1. Investors who realize capital gains can defer taxation by reinvesting them in the fund within 180 days, which is the main attraction of the product for investors 1.
The funding structure combines capital raised in the primary offering, which expired in 2024, with the continuous Follow-on Offering, registered in May 2023 for up to 750 million USD 12. For the Follow-on Offering, the company pays its dealer manager commissions of up to 0.25%, and selling group members commissions between 0.25% and 4.50% 1. Through June 30, 2026, Follow-on sales were modest, totaling 3,210,218 USD for the first six months 2.
Segments
Mixed-use segment
The mixed-use segment is dominated by the Aster & Links project in Sarasota, Florida, a two-building development with 424 luxury residential units and about 51,000 square feet of ground-floor retail space 1. Leasing began in 2024 and as of March 8, 2026 the project was more than 67% leased 1. A post-construction refinancing of about 204.1 million USD completed in September 2025 was used to retire construction debt and provide liquidity for stabilization 1.
Commercial segment
The commercial segment contributes far less revenue and posted a negative segment NOI in fiscal 2025, which declined from the prior year mainly due to higher real estate tax expenses 1. The commercial portfolio is smaller, and its performance depends on occupancy and operating costs of existing properties 1.
Market context
The company operates in the US commercial and mixed-use real estate market within designated opportunity zones, targeting property types from multifamily housing and self-storage to data centers and solar projects 1. Management notes that market conditions for multifamily and mixed-use rental properties in its operating regions have generally remained consistent, despite expectations of a US recession 2. On the other hand, uncertainty around interest rates, inflation and tax policy remains significant 12.
The opportunity zone program was expanded by the OBBBA law of 2025, which provides for new designations beginning July 1, 2026 and a new category, the qualified rural opportunity fund 1. More than 3,300 rural areas have already been identified within the zones designated under OZ 1.0, but transitional and new regulations for OZ 2.0 have not yet been issued 1. This could create new opportunities as well as uncertainty about investment timing 1.
Trends
- Expansion of the opportunity zone program (OZ 2.0)tailwind
The 2025 OBBBA law extended the program and created the rural opportunity fund, with new zone designations from July 2026. If OZ 2.0 rules are clarified, this could open new investment opportunities for the fund 1.
- Regulatory uncertainty on tax rulesheadwind
Transitional and new OZ 2.0 regulations have not yet been issued, which could slow investment planning and capital raising in the period ahead 1.
- Stability of housing demand in target regionstailwind
Rental markets for multifamily and mixed-use properties in the operating regions have generally remained steady over recent quarters, which supports stabilization of existing projects 2.
- Financing costs and interest ratesmixed
Rising interest rates and financial market volatility can increase borrowing costs, and Aster & Links is financed with variable-rate loans linked to SOFR 12. The net effect could be negative for project margins.
Competitive position
The fund states it is the only publicly traded qualified opportunity fund on a national exchange, but it competes with private opportunity funds that attract the same investors deferring capital gains 1. Management warns that increased competition from other funds could make it more difficult to find suitable investments 1.
Competition also plays out in local real estate markets, where residential and commercial properties in Sarasota and other southeastern US markets compete directly with the company's assets 1. The company's position depends on site quality and its ability to attract tenants 1.
- Other private qualified opportunity funds
Unlisted funds investing in the same opportunity zones that compete for projects and for capital from investors deferring capital gains 1.
- Local residential developers in Sarasota
Local companies that develop or lease multifamily and luxury properties in the same market, in direct competition with Aster & Links 1.
- Other real estate funds operating in opportunity zones
Investment vehicles targeting the same property categories, including housing, storage and solar projects 1.
- Institutional investors in commercial real estate
Pension funds and institutional investors competing for the same commercial and mixed-use properties in the targeted markets 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report23 Oct 2026Termination of a material agreement · Financial statements and exhibits
- Current report15 Oct 2026Shareholder vote · Financial statements and exhibits
- Current report28 Aug 2026Other events
- Proxy statement27 Aug 2026
- Quarterly report04 Aug 2026
- Current report15 Jun 2026Other events
- Current report01 Jun 2026Other events
- Quarterly report13 May 2026
- Annual report20 Mar 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Belpointe PREP, LLC · 20 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Belpointe PREP, LLC · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.