GREENWICH, Conn., Feb. 22, 2022 /PRNewswire/ -- Belpointe
PREP, LLC (NYSE American: OZ) ("Belpointe PREP" or the "Company"),
the first and only publicly traded qualified opportunity fund, is
issuing this press release in light of unusual trading activity
related to the Company's Class A units. While Belpointe PREP does
not normally comment on market activity, the Company confirms that
it is not aware of any undisclosed material change in the business,
operations or affairs of the Company that would account for the
recent increase in trading activity and the related deviation of
its trading price from its net asset value of $100.00 per Class A unit.
About Belpointe PREP
Belpointe PREP, LLC is the first and only 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
BelpointeOZ.com
Cautionary Note Regarding Forward-Looking Statements
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
expectations.
Investor and Media Relations Contact:
Cody H. Laidlaw
Belpointe
255 Glenville Road
Greenwich, Connecticut 06831
(203) 883-1944
330430@email4pr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/belpointe-prep-llc-comments-on-unusual-market-activity-301487870.html
SOURCE Belpointe PREP, LLC