Belpointe PREP (OZ) Investor presentation summary

Investment platform and structure

• Only Qualified Opportunity Fund (QOF) listed on a national securities exchange, offering liquidity and flexibility for investors to participate in both OZ 1.0 and OZ 2.0 programs.

• Investors can purchase Class A units directly or via brokerage, maintaining control over exit timing.

• Exchange-listed structure allows for seamless transition between OZ 1.0 and OZ 2.0, including reinvestment options to maximize tax benefits.

• Class A units were trading at a discount to net asset value (NAV) as of December 24, 2025.

Development pipeline and assets

• Over $1.0 billion in development pipeline with more than 2,000 residential units across high-growth markets in Florida, Tennessee, and Connecticut.

• Two flagship assets, Aster & Links (Sarasota, FL) and VIV (St. Petersburg, FL), are in lease-up, reducing construction risk and providing near-term revenue.

• Portfolio includes mixed-use and multifamily projects, with significant retail space and anchor tenants like Sprouts Farmers Market.

• Additional projects in pre-development include 1700 Main (Sarasota), East Nashville, and multiple Connecticut sites.

Investment strategy and market focus

• Focus on ground-up multifamily and mixed-use developments in metropolitan areas with strong employment and population growth.

• Emphasis on infill developments near employment and transportation hubs to drive top-line growth.

• Rigorous underwriting process evaluates location, demographics, risk, and market fundamentals.