Mission Statement, Vision, & Core Values of Belpointe PREP, LLC (OZ)

You're looking beyond the tax deferral of a Qualified Opportunity Fund (QOF) and want to understand the long-term ethos driving Belpointe PREP, LLC's strategy. This isn't just about the $439.5 million unaudited Net Asset Value (NAV) reported at the end of 2024, but the foundational mission that justifies a development pipeline over $1.3 billion in total project cost. How does a commitment to core values like integrity and community development translate into real-world returns, especially as the company secures a $204.14 million refinance and starts leasing its St. Petersburg VIV project in late 2025? Does their vision of transforming underinvested communities truly align with your financial goals for capital appreciation and long-term dividends?

Belpointe PREP, LLC (OZ) Overview

You're looking for the hard numbers on Belpointe PREP, LLC (OZ), and honestly, the story is one of a complex build-out finally hitting its stride. Belpointe PREP, LLC is a publicly traded Qualified Opportunity Fund (QOF), which is a fancy way of saying it's a real estate investment vehicle that uses capital gains to develop properties in economically distressed areas, getting a tax break for investors in return. It's a niche, but a powerful one.

The company, which was incorporated in 2020 and is headquartered in Greenwich, Connecticut, focuses on identifying, acquiring, and developing commercial and mixed-use real estate across the United States. Its primary services are real estate development and long-term asset management within these Qualified Opportunity Zones. This isn't about quick flips; it's about long-term, large-scale projects like their flagship developments in Florida.

As of the nine months ended September 30, 2025, the company's total sales, which is primarily rental revenue as properties transition from construction to operation, stood at $6.12 million. That's a massive jump, signaling that the development phase is maturing into an income-generating one. This is a business built on patience, and we're now seeing the first big returns on that long-term capital deployment.

2025 Financial Performance: Development to Operations

The latest financial reports, covering the third quarter and nine months ended September 30, 2025, show a clear inflection point in Belpointe PREP, LLC's financial trajectory. The jump in rental revenue is a direct result of key properties reaching substantial completion and beginning the lease-up process. It's defintely a transition year.

Here's the quick math on the near-term growth:

• Year-to-Date Revenue: Sales for the nine months ended September 30, 2025, hit $6.12 million, a significant increase from $1.58 million in the prior year period.
• Quarterly Sales Growth: Third-quarter 2025 sales were $2.38 million, compared to $0.86 million in the same quarter a year ago.
• Asset Transition: The company reclassified $180.8 million to operating real estate upon the substantial completion of the VIV project in St. Petersburg, Florida, in Q3 2025.

What this estimate hides is the current bottom-line pressure. The company reported a net loss of $28.38 million for the nine months, primarily driven by property expenses, depreciation, and higher interest expense, including a $3.0 million loss on extinguishment of prior debt following the $204.1 million refinancing of the Aster & Links development. The growth is there, but so are the costs of scaling a major real estate portfolio.

A Leader in the Qualified Opportunity Fund Space

When you look at the landscape of Qualified Opportunity Funds (QOFs), Belpointe PREP, LLC stands out for one simple, powerful reason: it is the first and only publicly traded Qualified Opportunity Fund listed on a national securities exchange (NYSE American: OZ). That distinction gives it a unique position in the market, offering investors a level of liquidity and transparency not typically found in private QOF structures.

This leadership isn't just a title; it reflects a massive development pipeline. The company has raised over $345 million of equity capital and has over 2,500 units in its development pipeline across four cities, representing an approximate total project cost of over $1.3 billion. This scale and the public listing make it a critical entity for investors seeking exposure to the QOZ tax-advantaged structure. To dig deeper into how the balance sheet supports this growth, you should check out Breaking Down Belpointe PREP, LLC (OZ) Financial Health: Key Insights for Investors.

Belpointe PREP, LLC (OZ) Mission Statement

You're looking at Belpointe PREP, LLC (OZ) and trying to figure out if their strategy matches their story. The mission statement is more than just a marketing line; it's the operating manual for a Qualified Opportunity Fund (QOF). Belpointe PREP's core directive is clear: to develop communities through strategic real estate investments, focusing on long-term value creation and positive social impact within designated Opportunity Zones (QOZs). This isn't just about building units; it's about using the QOZ structure to drive economic revitalization while delivering a compelling return profile to investors.

The firm's mission breaks down into three actionable pillars, which is how you should evaluate their execution. Honestly, a mission only matters if the numbers back it up. For Belpointe PREP, the latest reports show a clear, defintely aggressive push to stabilize their assets, which is the necessary step before those long-term returns materialize. If you want to dive deeper, you can check out Breaking Down Belpointe PREP, LLC (OZ) Financial Health: Key Insights for Investors.

Pillar 1: Driving Economic Growth and Job Creation in QOZs

The first pillar is the social contract of the Opportunity Zone program itself. Belpointe PREP is required to hold at least 90% of its assets as qualified opportunity zone property, and that focus is central to their identity. This isn't a small, localized effort, either. The company currently has a development pipeline of over 2,500 units across four major cities, representing an approximate total project cost of over $1.3 billion.

That massive capital deployment directly translates to economic activity. Here's the quick math on the near-term impact: the VIV mixed-use development in St. Petersburg, Florida, a 269-unit project, received its Temporary Certificates of Occupancy (TCO) and started resident move-ins in November 2025. That's hundreds of new leases, new retail tenants, and a tangible boost to the local tax base, all within a designated QOZ.

Pillar 2: Providing Long-Term Value for Investors

The second, and perhaps most critical, component for any investor is the financial return. The mission commits to providing investors with access to unique opportunities that offer both financial returns and social benefits. This means focusing on best-in-class rental communities, primarily multifamily, which are generally less sensitive to economic swings.

As of June 30, 2025, the Net Asset Value (NAV) was calculated at $116.74 per Class A unit. While the company is still in the development phase, meaning short-term losses are expected-the net loss for the nine months ended September 30, 2025, was $28.38 million-the revenue growth is telling. They reported a nine-month revenue of $6.12 million for the same period, up significantly from the prior year, showing that assets are coming online and starting to generate income. You're investing for the long horizon here, not for a quick quarterly dividend.

Pillar 3: Integrity and Innovation in Real Estate Execution

The final pillar is about execution-how the company actually delivers on the first two. Belpointe PREP emphasizes integrity and innovation in its development process. This means navigating complex transactions and delivering projects on time and within budget.

A great example of this execution is the Aster & Links development in Sarasota, a 424-unit multifamily property. In October 2025, the company closed on a refinance transaction of approximately $204.14 million for this project. This move, completed with a respected institutional partner, was a smart financial maneuver intended to refinance existing debt and support the continued lease-up, which was already over 50% complete. That kind of strategic refinancing reflects the core value of execution, securing the asset's long-term stability and maximizing capital efficiency.

• Secure institutional financing.
• Stabilize newly developed assets fast.
• Use multifamily for resilient cash flow.

Belpointe PREP, LLC (OZ) Vision Statement

You're looking for the definitive roadmap for Belpointe PREP, LLC (OZ), and as a publicly traded Qualified Opportunity Fund (QOF), their vision is less about a vague aspiration and more about a precise financial and social goal. Simply put, the vision is to be the premier, long-term vehicle for capital appreciation and community revitalization within the Opportunity Zone (OZ) framework.

This isn't just real estate development; it's a dual mandate. The goal is to maximize investor returns by leveraging the tax advantages of the OZ structure while simultaneously driving measurable economic growth in designated areas. This transition is already visible: the company's total assets hit $570.8 million as of Q3 2025, up from $517.6 million at year-end, which shows a clear path of scaling investment into these zones. That's a serious capital deployment.

• Be the leading, publicly traded QOF for tax-advantaged capital.
• Deliver superior, long-term value through strategic QOZ real estate.
• Catalyze measurable, positive social and economic impact in communities.

The vision is about creating a new asset class standard, defintely.

The Mission: Driving Economic Growth in Opportunity Zones

The Mission Statement translates that vision into an active strategy. Belpointe PREP, LLC's core purpose is identifying, acquiring, developing, or redeveloping, and managing commercial and mixed-use real estate properties in Qualified Opportunity Zones across the United States. The mission is operational, focusing on the execution that delivers the tax-advantaged returns investors seek.

Here's the quick math on the shift: Year-to-date rental revenue through Q3 2025 was $6.12 million, a significant jump from $1.58 million in the same period a year prior, reflecting the successful lease-up of properties like VIV in St. Petersburg, Florida. The mission is now shifting from pure construction to asset management and income generation. They are executing on the promise of turning capital into operating assets that generate revenue and, crucially, jobs in those specific communities.

The focus remains on multifamily developments, using a unique acquisition and co-investment platform to build and acquire best-in-class rental communities. This is the engine that drives the long-term dividend and capital appreciation component of the investment thesis. If you're weighing the risk profile, you should be Exploring Belpointe PREP, LLC (OZ) Investor Profile: Who's Buying and Why?

Core Values: Integrity, Innovation, and Community

The underlying Core Values are the non-negotiables that guide how the company executes its mission. These values-Integrity, Innovation, and Community Development-are especially critical in the Opportunity Zone space, where transparency (Integrity) and navigating complex regulations (Innovation) are paramount.

Integrity means a commitment to transparency, particularly around valuation. The announced Net Asset Value (NAV) of $116.74 per Class A unit as of June 30, 2025, gives investors a clear benchmark, even as the stock price fluctuates. This level of disclosure builds trust in a relatively new investment structure.

Innovation is seen in their financing strategy. For instance, the October 2025 closing on a refinance transaction for Aster & Links in Sarasota, Florida, securing approximately $204.14 million in new SOFR-based mortgage and mezzanine facilities, shows an innovative approach to managing leverage and capital structure in a rising rate environment. They are using sophisticated tools to manage a targeted aggregate property-level leverage of between 50-70%.

Finally, Community Development is the social contract of the OZ program. The goal is to foster sustainable development by investing in projects that enhance the quality of life for local residents, not just building properties. This social impact is what differentiates a QOF from a standard real estate investment trust (REIT).

Belpointe PREP, LLC (OZ) Core Values

You're looking for the real substance behind Belpointe PREP, LLC (OZ), beyond the headlines. As a seasoned analyst, I can tell you that for a Qualified Opportunity Fund (QOF) like this, the core values aren't just posters on a wall; they are the engine driving their capital deployment and the ultimate long-term return for you. Their strategy centers on three pillars: Strategic Investment & Innovation, Integrity & Transparency, and Community Development & Social Impact.

This model is defintely working to unlock value in designated areas, but you need to see the numbers. Here's the breakdown of how they operationalize these values, grounded in the most recent 2025 fiscal year data. For a deeper dive into the raw figures, check out Breaking Down Belpointe PREP, LLC (OZ) Financial Health: Key Insights for Investors.

Strategic Investment & Innovation

This value is about more than just buying property; it's about using the unique QOF structure to maximize tax-advantaged capital and accelerate project completion. Belpointe PREP, LLC's innovation lies in its unique acquisition and co-investment platform, which is designed to build and acquire best-in-class rental communities for long-term dividends and capital appreciation.

For example, the recent activity in their portfolio shows this strategy in action. The company's total assets grew to $570.8 million in the first nine months of 2025, up from $517.6 million at the end of the previous year. That's a clear sign of active, strategic expansion. They are not just sitting on cash, so they are putting capital to work. A key move was securing a new SOFR-based mortgage and mezzanine facility of up to $204.1 million to refinance the Aster & Links project in Sarasota, Florida, which is a smart way to manage debt and free up capital for other developments.

• Refinanced Aster & Links with a $204.1 million loan.
• Grew total assets to $570.8 million by Q3 2025.
• Focus on long-term capital appreciation via QOF structure.

Integrity & Transparency

For a publicly traded Qualified Opportunity Fund (NYSE American: OZ), integrity means providing investors with clear, detailed, and timely financial reporting. This is non-negotiable. Being listed on a national exchange enforces a level of SEC reporting that is crucial for investor confidence. They actively adopt advanced data analytics and reporting tools, which translates to transparent, detailed insights into project performance and capital deployment.

The numbers speak to this commitment: as a publicly-traded entity, they report key metrics like the Net Asset Value (NAV). As of June 30, 2025, the NAV per Class A unit was reported at $116.74. This level of disclosure, which is not required of all private QOFs, helps you, the investor, accurately track the value of your investment. Plus, their Q3 2025 report, filed in November, clearly shows a year-to-date net loss of $28.38 million, primarily due to property expenses, interest, and depreciation as properties ramp up-that's honest reporting of a development-stage company. You get the full picture, good and bad.

Community Development & Social Impact

The entire premise of an Opportunity Zone investment is to drive economic growth and job creation in areas that need it, so this value is central to the company's existence. Their vision is to foster sustainable community development by investing in projects that enhance the quality of life for local residents.

The VIV project in St. Petersburg, Florida, is a perfect example. It reached substantial completion on September 30, 2025, which is a major milestone for that community. This completion triggered a reclassification of $180.8 million of real estate to operating status, meaning the asset is now generating revenue and serving the local populace. Similarly, the 424-unit mixed-use Aster & Links development in Sarasota is already having an impact, with approximately 50% of residential units leased as of October 2025, and a Sprouts Farmers Market now open, drawing foot traffic and adding convenience to the neighborhood. They are delivering tangible assets that contribute to local economic vitality and quality of life.

• VIV project completion reclassified $180.8 million to operating real estate.
• Aster & Links, a 424-unit mixed-use site, is approximately 50% leased.
• Projects emphasize environmental responsibility and community benefit.

The commitment here is to long-term value creation, not just a quick flip. They are building communities, and the 2025 financial data shows the capital is flowing into those projects.