Recent Updates — OZ

Belpointe PREP, LLC received a full prepayment of $5,114,904 for a $5 million convertible promissory note issued to 100 Tokeneke Road, LLC. The payment includes $114,904 in accrued interest and terminates the lender's conversion rights into Class A units of Tokeneke Partners. The funds were provided by a related party entity controlled by the CEO’s family members via a capital contribution. This transaction resolves the debt without penalties or equity issuance. Belpointe PREP operates as an investment management firm focused on real estate and private credit strategies.

Belpointe PREP, LLC filed a current report disclosing its quarterly determination of net asset value (NAV) as of June 30, 2026. The company reported total assets of $761,525,631 and total liabilities of $306,512,164, resulting in an NAV of $455,013,467. With 3,909,902 Class A units outstanding, the NAV per unit was calculated at $116.37. The filing outlines the valuation methodology used to estimate fair value for its commercial real estate portfolio and notes that this figure does not guarantee future realization or market trading price. Belpointe PREP, LLC operates in the commercial real estate investment industry.

Belpointe PREP, LLC, 900 Eighth, LP, and affiliates entered into a loan modification agreement with KHRE SMA Funding, LLC regarding a fixed-rate loan secured by property in Nashville, Tennessee. The agreement extends the maturity date of the 900 8th Land Loan from July 2, 2026, to July 2, 2027. As part of this modification, 900 Eighth paid approximately $2.4 million, comprising $1.5 million in principal paydown and $0.9 million in prepaid interest and fees. The remaining principal balance of the loan is $8.5 million. Belpointe PREP, LLC is a real estate investment company.