Belpointe PREP acquires 19-acre development site near UConn for 120-unit mixed-use project

Belpointe PREP, LLC

Acquired 1750 Storrs Road, a 19-acre development site in Storrs, CT, near UConn.
Plans to build 120-unit Class A multifamily mixed-use development with ~48,000 sq ft retail/office.
Property is in a designated Opportunity Zone and located in town's Four Corners mixed-use district.
Company notes UConn enrollment up 14% to 31,000+ students; on-campus housing only 12,000.
No purchase price disclosed; company has raised over $345M equity and $1.3B pipeline.

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