Belpointe PREP (OZ) Investor presentation summary

Project overview and features

• VIV is a luxury mixed-use development at 1000 First Avenue North in downtown St. Petersburg, featuring two high-rise residential towers and 15,500 sq. ft. of curated retail space.

• Offers 269 luxury apartments in various layouts, with amenities including a sky lounge, fitness center, pool, courtyard, shared workspaces, and game room.

• Located within walking distance to St. Pete Pier, waterfront, and the proposed $6.8B Historic Gas Plant District redevelopment.

Market positioning and demand drivers

• Downtown St. Petersburg is experiencing strong population growth and in-migration, fueling demand for luxury urban housing.

• The area is known for its walkability, vibrant lifestyle, and proximity to employment hubs, cultural venues, and waterfront attractions.

• Major employers nearby include Power Design, Tampa Bay Times, Dayforce, Duke Energy, Franklin Templeton, Jabil, Johns Hopkins All Children's Hospital, Raymond James, and St. Petersburg College.

Leasing and operational status

• Leasing for residential units began in October 2025, with first residents moving in by November 2025.

• As of January 2026, residential leasing has surpassed 25%, indicating robust market acceptance.

• The project has transitioned from construction to active leasing and occupancy, establishing itself as a premier downtown asset.