secwatch.observer — SEC 8-K summary
======================================

Issuer:     Belpointe PREP, LLC (OZ)
CIK:        0001807046
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001493152-21-031545
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807046/000149315221031545/0001493152-21-031545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807046/000149315221031545/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-031545

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer