---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-031545"
form_type: "8-K"
ticker: "OZ"
cik: "0001807046"
company_name: "Belpointe PREP, LLC"
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T00:58:19.261762+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Belpointe acquires 99.99% interest in 418-unit Sarasota apartment development via debt satisfaction

## Summary
- Acquired 99.99% interest in BPOZ 1991 Main from CEO-affiliate BI Holding for full satisfaction of $24.773M secured note.
- Property is a 5.3-acre site planned as 418 apartments and ~60k sq ft retail, two high-rise buildings up to 10 stories.
- Original purchase price ~$20.7M; existing $10.8M acquisition loan at 4.75% from First Florida Integrity Bank, due May 6, 2022.
- Interest of $262,946 on the note paid November 30, 2021; transaction approved by conflicts committee of the board.

## SEC filing metadata
- accession: 0001493152-21-031545
- form_type: 8-K
- ticker: OZ
- cik: 0001807046
- company_name: Belpointe PREP, LLC
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807046/000149315221031545/0001493152-21-031545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807046/000149315221031545/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-031545
- JSON: https://secwatch.observer/filing/0001493152-21-031545.json
- Plain text: https://secwatch.observer/filing/0001493152-21-031545.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.