---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019520"
form_type: "8-K"
ticker: "OZ"
cik: "0001807046"
company_name: "Belpointe PREP, LLC"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:44:25.851262+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Belpointe PREP announces NAV per Class A unit of $99.82 as of March 31, 2023

## Summary
- NAV per Class A unit $99.82, approved by Board on May 30, 2023.
- Total assets $368.7M: $244.8M real properties, $115.7M cash.
- Total liabilities $17.0M (no debt; $5.7M affiliate obligations).
- NAV $351.7M on 3.524M Class A units outstanding.
- Manager used Capright for independent real estate valuations; no adjustment for Class B unit gains deemed immaterial.

## SEC filing metadata
- accession: 0001493152-23-019520
- form_type: 8-K
- ticker: OZ
- cik: 0001807046
- company_name: Belpointe PREP, LLC
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807046/000149315223019520/0001493152-23-019520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807046/000149315223019520/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019520
- JSON: https://secwatch.observer/filing/0001493152-23-019520.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019520.txt

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