GREENWICH, Conn., Oct. 3, 2022
/PRNewswire/ -- Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe
PREP" or the "Company"), a publicly traded qualified opportunity
fund, announced today that following an initial assessment its
Florida assets have incurred no or
minimal damage as a result of Hurricane Ian.
"We are working closely with our construction, development and
property management teams as well as with our tenants to fully
assess all damages and coordinate a return to full operations as
quickly as possible," said Brandon
Lacoff, Chief Executive Officer of Belpointe PREP. "While we
are still in the process of contacting all of our teams and tenants
to make sure they all came through the storm safely, we are pleased
that our assets have not sustained any significant damage as result
of Hurricane Ian."
About Belpointe PREP
Belpointe PREP, LLC is a publicly traded qualified opportunity
fund listed on a national securities exchange. Belpointe PREP's
investments consist of properties located in qualified opportunity
zones for the development or redevelopment of multifamily, student
housing, senior living, healthcare, industrial, self-storage,
hospitality, office, mixed-use, data centers and solar projects
located throughout the United
States and its territories. Belpointe PREP also intends
to acquire, develop or redevelop and manage a wide range of
commercial real estate assets located throughout the United States and its territories,
including, but not limited to, real estate-related assets, such as
commercial real estate loans and mortgages, and debt and equity
securities issued by other real estate-related companies, as well
as making private equity acquisitions and investments, and
opportunistic acquisitions of other qualified opportunity funds and
qualified opportunity zone businesses, with the goal of increasing
distributions and capital appreciations.
For more information about Belpointe PREP please visit
Cautionary Note Regarding
Certain statements in this press release may be considered
forward-looking, such as statements containing estimates,
projections and other forward-looking information. Forward-looking
statements are typically identified by words and phrases such as
"anticipate," "estimate," "believe," "continue," "could," "intend,"
"may," "plan," "potential," "predict," "seek," "should," "will,"
"would," "expect," "objective," "projection," "forecast," "goal,"
"guidance," "outlook," "effort," "target" or the negative of such
words and other comparable terminology. However, the absence of
these words does not mean that a statement is not forward-looking.
Any forward-looking statements expressing an expectation or belief
as to future events is expressed in good faith and believed to be
reasonable at the time such forward-looking statement is made.
However, these statements are not guarantees of future events and
involve risks, uncertainties and other factors beyond our control.
Therefore, we caution you against relying on any of these
forward-looking statements. Actual outcomes and results may differ
materially from what is expressed in any forward-looking statement.
Except as required by applicable law, including federal securities
laws, we do not intend to update any of the forward-looking
statements to conform them to actual results or revised
Investor and Media Relations Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
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SOURCE Belpointe PREP, LLC