Belpointe OZ Secures $130 Million Construction Loan from Bank OZK for Sarasota Development Project—Aster & Links

Belpointe PREP, LLC (NYSE American: OZ) ("Belpointe OZ" or the “Company”), the first publicly traded qualified opportunity fund, today announced the successful closing of a $130 million construction loan from Bank OZK, for the Company’s highly anticipated development project in Sarasota, Florida.

The Aster & Links development project will feature two 10-story high-rise buildings, and is expected to consist of 424 apartment homes that range from one-bedroom, two-bedroom, and three-bedroom apartments to four-bedroom townhome-style penthouses, catering to a variety of modern lifestyle preferences.

Aster & Links is intended to become a benchmark for elevated living, boasting over 900 parking spaces, including both garage and surface parking options, and will offer a comprehensive array of amenities, including a clubroom, fitness room, center courtyard with a heated saltwater pool, and an exceptional selection of rooftop amenities. The rooftop spaces will feature community rooms, private dining areas for exclusive events, outdoor grills, and comfortable seating, providing residents with picturesque views and a delightful retreat.

"We are excited to have secured this construction loan from Bank OZK for our Sarasota development project, Aster & Links," said Brandon Lacoff, CEO of Belpointe OZ. "I believe this financing milestone, showcases the strong support and confidence of the lending community in our vision. I also believe that Aster & Links will redefine luxury living in Sarasota, offering an unparalleled residential experience that combines exceptional design, modern amenities, and a thriving community atmosphere."

Belpointe OZ is currently developing several other properties throughout the north and southeastern United States and is actively seeking new investment opportunities. This announcement is one of many exciting developments to come for Belpointe OZ, and the Company looks forward to continuing to drive growth and value for its investors in the years ahead.

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