What Belpointe REIT does

Belpointe PREP, LLC, doing business as Belpointe OZ, is a publicly traded Qualified Opportunity Fund listed on NYSE American under the ticker OZ, and is the only QOF to trade on a national securities exchange. The fund operates a portfolio of 15 multifamily and mixed-use real estate assets in U.S. Opportunity Zone markets, totaling more than 2,000 residential units in development, with two flagship properties — Aster & Links (a 424-unit mixed-use development in downtown Sarasota anchored by Sprouts Farmers Market) and VIV (a 269-unit, two 15-story tower development in St. Petersburg) — currently in the lease-up phase. Projected gross asset value is $1B+ and lease-up contract value is $500M+.

The underlying technology is a Qualified Opportunity Fund architecture built on Section 1400Z of the Tax Cuts and Jobs Act of 2017, wrapping a real estate development and investment platform inside a publicly tradable vehicle. Its proprietary feature is the publicly traded QOF structure itself, which delivers liquidity and SEC-level transparency that non-traded QOFs cannot match. Operating assets generate rental income from residential and retail leases, while long-term value is expected from asset appreciation as projects stabilize.

The business model is dual-channel. Investors access the fund either through public market trading of Class A units on NYSE American or via direct subscription through the company's investor relations channel, supported by a content-led marketing funnel (white papers, investment decks, Opportunity eLetter, Opportunity Zone Confidential) and referral partnerships with financial and tax advisors. The primary customer segments are high-net-worth investors with capital gains seeking deferral (until December 31, 2026) and potential elimination of federal capital gains taxes on 10+ year holdings, alongside financial advisors and tax advisors sourcing compliant opportunity zone products for those clients. Belpointe OZ is a subsidiary of Belpointe, LLC, a family office founded in 2001 that manages $7B+ across 13 lines of business with over 200 professionals in 5 U.S. offices.

Name

Belpointe REIT

Legal name

Belpointe PREP, LLC

Website

https://belpointereit.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Belpointe PREP, LLC (NYSE American: OZ) is a publicly traded Qualified Opportunity Fund operating a 15-asset, 2,000+ unit multifamily and mixed-use real estate portfolio in U.S. Opportunity Zones, serving high-net-worth investors, financial advisors, and tax advisors.

Ownership category

akta.pro rank

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Rental Income: Revenue generated from leasing multifamily residential units and retail spaces in developed properties. Currently Aster & Links is approximately 70% leased (April 2026) and VIV is approximately 50% leased (April 2026).
2. Asset Appreciation: Long-term capital appreciation from development and stabilization of multifamily and mixed-use properties in high-growth opportunity zone markets. The company reports $1B+ projected gross asset value.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Belpointe OZ is the only publicly traded Qualified Opportunity Fund (QOF) listed on a national securities exchange (NYSE American: OZ), offering Class A units that invest in multifamily and mixed-use real estate developments within federally designated Opportunity Zones. The fund provides tax-advantaged investment exposure under Section 1400Z of the Tax Cuts and Jobs Act of 2017, including capital gains deferral and potential federal capital gains elimination for long-term holdings, with two signature assets (Aster & Links in Sarasota and VIV in St. Petersburg) currently in the lease-up phase generating near-term rental revenue.

Product overview

Belpointe OZ operates as a publicly traded Qualified Opportunity Fund (QOF) listed on NYSE American, offering investors access to tax-advantaged Opportunity Zone real estate investments. The core product is the Belpointe OZ fund itself, which manages a portfolio of multifamily and mixed-use developments. Key property assets include Aster & Links (424-unit mixed-use development in Sarasota with Sprouts Farmers Market as anchor) and VIV (269-unit dual-tower development in St. Petersburg). The company also provides educational resources including a White Paper on Opportunity Zone investing and an Investment Deck for detailed strategy information. All investments are structured to offer tax benefits under Section 1400Z of the Tax Cuts and Jobs Act, including capital gains deferral and potential elimination.

Differentiator

Problem solved

Functional benefit

Products and services

• Belpointe OZ Class A Units (Qualified Opportunity Fund) Publicly traded Qualified Opportunity Fund units offering tax-advantaged Opportunity Zone investments in multifamily and mixed-use real estate under Section 1400Z of the Tax Cuts and Jobs Act of 2017, providing capital gains deferral and potential elimination for individual and institutional investors.
• Aster & Links 424-unit mixed-use development in downtown Sarasota, Florida, combining luxury residential units with retail space (anchored by Sprouts Farmers Market), generating rental revenue for the Belpointe OZ fund.
• VIV Two 15-story luxury residential towers with 269 apartments, retail space, and 335 parking spaces in central St. Petersburg, Florida, generating rental revenue for the Belpointe OZ fund.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• American Realty Investors: Small-cap publicly traded diversified REIT with a sponsor-controlled structure and a mix of commercial and residential assets, broadly comparable in scale and listing profile to Belpointe OZ.
• Bluerock Residential Growth REIT: Was a publicly listed multifamily-focused REIT pursuing institutional-quality rental housing in high-growth markets; highly comparable business model and investor base prior to its go-private transaction.
• Medalist Diversified REIT: Small-cap publicly traded diversified REIT with a multi-asset portfolio and a similar structure to Belpointe OZ, making it a close comparable for investors evaluating niche public-market REIT vehicles.
• Bridge Investment Group Holdings: Public alternative asset manager that sponsors Opportunity Zone funds and vertically integrated real estate strategies; competes with Belpointe OZ for tax-driven investor capital in QOF vehicles.

Broad incumbents

• Howard Hughes Holdings: Public real estate development and master-planned community REIT with a longer-duration development thesis and substantially larger portfolio, providing a broader incumbent comparable for Belpointe's development-heavy approach.
• Phillips Edison & Company: Small-cap publicly traded net-lease REIT; while grocery-anchored rather than multifamily, it shares a similar small-cap public-REIT profile, investor base, and reliance on disciplined capital allocation.
• Armada Hoffler Properties: Diversified publicly traded REIT with multifamily and mixed-use development alongside stabilized assets; comparable operating model and capital-markets positioning to Belpointe OZ.
• Diversified Healthcare Trust: Small-cap publicly traded REIT with a sponsor-influenced structure and a portfolio of operating properties; comparable in size and listing profile, even though the asset class differs from Belpointe OZ.
• Independence Realty Trust: Public multifamily REIT focused on non-gateway Sun Belt markets including Florida; directly comparable asset class and geographic orientation to Belpointe OZ's portfolio.
• Apartment Investment and Management Company: Large public multifamily REIT with development, redevelopment, and asset management capabilities; provides a broader public-market comparable for Belpointe's multifamily operating strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Belpointe REIT