Home Alts News Belpointe PREP Announces $750 Million OZ Offering for Broker-Dealers

Belpointe PREP Announces $750 Million OZ Offering for Broker-Dealers

Belpointe PREP LLC (NYSE American: OZ), a publicly traded qualified opportunity fund, announced the commencement of an offering to raise up to $750 million.

Belpointe OZ expects to use the offering proceeds to invest in a broader range of qualified opportunity zone projects.

This latest offering also affords broker-dealers the opportunity to participate in the selling group and Belpointe OZ has retained Emerson Equity LLC as dealer-manager for the offering.

“We are thrilled to see this offering get underway. It marks a significant milestone for us, and we believe it comes at a perfect time, as we continue to seek to identify and invest in qualified opportunity zones that we believe have tremendous potential,” Brandon Lacoff, chief executive officer of Belpointe OZ, said. “The ability to raise up to $750 million in this offering will provide us with additional resources to capitalize on these opportunities as well as the opportunity to create additional value for our investors. The proceeds from this offering can also help us accelerate our stabilized acquisition model, whereby we are seeking to acquire other QOFs that have stabilized assets.”

Belpointe OZ says the company has filed a registration statement, including a prospectus, with the Securities and Exchange Commission for the offering.

Belpointe OZ is a publicly traded qualified opportunity fund. It has raised more than $345 million of equity capital in its ongoing qualified opportunity fund offering, with over 2,500 units in its development pipeline throughout four cities, representing an approximate total project cost of over $1.3 billion.

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