Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), the first and only publicly traded qualified opportunity fund (“QOF”), is pleased to announce the commencement of an offering to raise up to $750 million.
Belpointe OZ anticipates using the offering proceeds to invest in a broader range of qualified opportunity zone projects, further diversifying the Company’s portfolio and potential returns.
This latest offering also affords broker-dealers the opportunity to participate in the selling group, and Belpointe OZ has retained Emerson Equity LLC as dealer manager for the offering. Interested broker-dealers may contact Cody Laidlaw at IR@BelpointeOZ.com or call 203-883-1944 for further information.
Brandon Lacoff, CEO of Belpointe OZ, expressed his excitement about this latest development, stating: “we are thrilled to see this offering get underway. It marks a significant milestone for us, and we believe it comes at a perfect time, as we continue to seek to identify and invest in qualified opportunity zones that we believe have tremendous potential.” He added, “the ability to raise up to $750 million in this offering will provide us with additional resources to capitalize on these opportunities as well as the opportunity to create additional value for our investors. The proceeds from this offering can also help us accelerate our stabilized acquisition model, whereby we are seeking to acquire other QOFs that have stabilized assets.”
(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.globenewswire.com/news-release/2023/05/17/2671465/0/en/Belpointe-OZ-Announces-A-New-Offering-Designed-For-Broker-Dealers.html)