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Belpointe PREP
Belpointe PREP is the listed qualified opportunity zone investment arm of Belpointe, deploying capital into Sun Belt multifamily and mixed-use...
Belpointe PREP
Belpointe PREP emerged from Belpointe, a private investment firm and family office that has long specialized in real estate acquisition and development. The qualified opportunity fund business was formally launched to channel capital into designated opportunity zones established under the Tax Cuts and Jobs Act of 2017, and the firm subsequently listed a class of units for trading on the NYSE American exchange in 2020, providing accredited investors a publicly quoted vehicle for opportunity zone exposure. The firm's deployment centers on Class A multifamily and mixed-use projects in opportunity zones across the southeastern United States, Florida, and select student-housing adjacent markets. Construction has included developments in Sarasota, Nashville, and other Sun Belt MSAs. Belpointe PREP acts as its own developer and contractor, handling land acquisition, municipal entitlements, general contracting, and asset management through in-house teams, which eliminates a layer of third-party fees and gives it direct control over project timelines. The Belpointe family office traces its roots to its founder's real estate investment activities, and it maintains a footprint in Greenwich, Connecticut, with satellite offices in Florida to support its operations. The listed PREP entity provided the firm with a market-valued vehicle at a time when most opportunity zone funds remained purely private. The firm publishes quarterly NAV estimates and construction progress updates consistent with its public-company reporting obligations. Structurally, Belpointe PREP is distinct among opportunity zone sponsors: it elected to list on a national exchange, providing daily liquidity quotes for a traditionally illiquid asset class. This hybrid form, pairing a family office sponsor with a publicly listed operating partnership, creates a governance and transparency profile unusual among qualified opportunity funds, most of which remain private placements with limited investor reporting.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Greenwich
Corporate office
Greenwich, CT, United States
Sector focus
Frequently asked questions
What is Belpointe PREP's relationship to the Belpointe family office?
Belpointe PREP is a distinct investment entity established by Belpointe, the private investment firm and family office. It serves as the firm's dedicated qualified opportunity zone vehicle, while the broader Belpointe organization continues to operate its private real estate and investment activities. The PREP entity has its own management team and a publicly listed class of units that trade independently.
How does Belpointe PREP's public listing on NYSE American affect an allocator's due diligence?
Because Belpointe PREP lists a class of units on NYSE American, it files periodic reports with the SEC and publishes quarterly NAV estimates, making its financials and project pipeline more transparent than those of a typical private qualified opportunity fund. Allocators conducting due diligence can review audited financials, quarterly updates on construction progress, and management commentary through standard public filings, which is atypical for opportunity zone vehicles.
What types of real estate assets does Belpointe PREP primarily develop?
Belpointe PREP focuses on ground-up development of Class A multifamily and mixed-use properties located within designated qualified opportunity zones. Its portfolio has been concentrated in Sun Belt markets including Florida and Tennessee. The firm does not acquire or reposition operating assets, maintaining a strategy centered on construction and long-term hold of newly built projects.
Does Belpointe PREP participate in fund commitments or only direct deals?
Belpointe PREP operates as a direct principal, developing its own projects rather than committing to third-party funds or joint ventures as a limited partner. The firm's in-house capabilities span land acquisition, entitlements, general contracting, and property management, which means it acts as both sponsor and operator on its developments.
What is Belpointe PREP's known posture on co-investments alongside external GPs?
Belpointe PREP primarily pursues wholly owned developments, though its structure as an internally managed operating company means the firm is equipped to evaluate co-investment structures on a deal-by-deal basis. The firm's public disclosures have historically centered on projects developed without institutional co-sponsors, reflecting a preference for full operational control.
Which geographic regions does Belpointe PREP target?
Belpointe PREP's development activity has concentrated on designated opportunity zones in the southeastern United States, with projects in Florida, including Sarasota, and in Tennessee, including Nashville. The firm selects sites within qualifying census tracts that meet its criteria for population growth, employment trends, and multifamily demand.
How does Belpointe PREP handle the 10-year opportunity zone tax benefit holding period?
Belpointe PREP's stated intent is to hold its developed properties for at least ten years to allow investors to realize the full tax benefits under the qualified opportunity zone program. The firm manages its project pipeline and construction timelines to align with the statutory holding-period requirements, though individual outcomes depend on project-level execution and market conditions.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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