secwatch.observer — SEC 8-K summary
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Issuer:     Belpointe PREP, LLC (OZ)
CIK:        0001807046
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001493152-22-018392
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Belpointe PREP invests $3.8M for majority stake in UConn-area development; commits $58.5M more
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- Subsidiary originated $3.8M equity investment for majority ownership of CMC Storrs SPV, owner of 60-acre site near UConn.
- Committed to fund up to $58.5M additional equity for development of a 250-unit apartment community in Mansfield, CT.
- Restructured $30M loan to CEO-affiliate Norpointe through QOZB subsidiary to comply with QOF rules; new loan matures June 28, 2023.
- Loan bears 5% interest, secured by first mortgage on Norwalk property; original loan repaid in full.
- UConn's Storrs campus has over 18,000 undergraduates, 75% living off campus, cited as key demand driver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807046/000149315222018392/0001493152-22-018392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807046/000149315222018392/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-018392

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