---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-038174"
form_type: "8-K"
ticker: "OZ"
cik: "0001807046"
company_name: "Belpointe PREP, LLC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:27:05.167910+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Belpointe OZ blames Class A unit decline on lower capital gains reinvestment, not company issues

## Summary
- Management says price drop due to reduced capital gains reinvestment, not company or portfolio developments.
- No new Class A units issued under $750M offering at current price; no plan to issue units now.
- CEO Lacoff reassures unitholders of long-term focus and commitment to Qualified Opportunity Zone program.
- Company is first publicly traded Qualified Opportunity Fund, listed on NYSE American as OZ.

## SEC filing metadata
- accession: 0001493152-23-038174
- form_type: 8-K
- ticker: OZ
- cik: 0001807046
- company_name: Belpointe PREP, LLC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807046/000149315223038174/0001493152-23-038174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807046/000149315223038174/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-038174
- JSON: https://secwatch.observer/filing/0001493152-23-038174.json
- Plain text: https://secwatch.observer/filing/0001493152-23-038174.txt

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