Belpointe PREP, LLC Business Summary

Belpointe PREP, LLC (NYSE American: OZ) operates as a publicly traded Qualified Opportunity Fund (QOF) primarily focused on the acquisition, development, and management of commercial and mixed-use real estate located within designated Opportunity Zones. The company generates revenue through rental income from its stabilized and leasing-phase multifamily assets, such as the Aster & Links and VIV projects in Florida, as well as through potential interest income from real estate-related loans and mortgages. Its business is organized into Commercial and Mixed-Use segments, with a strategic emphasis on high-density residential developments that offer long-term capital appreciation and tax-advantaged distributions. Belpointe PREP competes directly with large private QOF players such as Argosy Capital, Grubb Properties, CEDARst, and Urban Catalyst; however, it occupies a unique market position as the only nationally listed QOF, providing retail and institutional investors with a level of liquidity and transparency typically absent in the fragmented private equity real estate market. The leadership team is anchored by Founder, Chairman, and CEO Brandon Eric Lacoff, who previously spearheaded Belpointe REIT, Inc. and brings extensive experience in real estate private equity and M&A from his tenure at Arthur Andersen and Ernst & Young. He is supported by Martin Lacoff, who serves as Chief Strategic Officer and Principal Financial Officer, leveraging over 45 years of experience in the securities and real estate industries. Other key executives include Chief Operating Officer Lori Wortz, a veteran developer with 25 years of experience in large-scale mixed-use projects, and Cody H. Laidlaw, who serves as Chief Business Development Officer and Head of Investor Relations. The company’s governance is overseen by a board of independent directors including Dean Drulias, Timothy Oberweger, Shawn Orser, and Ronald Young, Jr., while notable institutional shareholders include United Asset Strategies Inc. and Osaic Wealth, Inc.