Belpointe PREP, LLC — fact timeline

Belpointe PREP, LLC entered into BPOZ Tokeneke Note with 100 Tokeneke Road, LLC valued at $5,000,000 (effective 2026-03-03).

“On March 3, 2026, Belpointe PREP, LLC (“we,” “us,” “our” or the “Company”), through our indirect wholly-owned subsidiary BPOZ 100 Tokeneke Holding, LLC, a Connecticut limited liability company (“BPOZ Tokeneke”), made a loan (the “BPOZ Tokeneke Loan”) in the principal amount of $5,000,000, evidenced by a convertible promissory note (the “BPOZ Tokeneke Note”), to 100 Tokeneke Road, LLC, a Connecticut limited liability company (“Tokeneke Road”).”

Belpointe PREP, LLC entered into BPOZ Tokeneke Note with 100 Tokeneke Road, LLC valued at $5,000,000 (effective 2026-03-03).

“On March 3, 2026, Belpointe PREP, LLC (“we,” “us,” “our” or the “Company”), through our indirect wholly-owned subsidiary BPOZ 100 Tokeneke Holding, LLC, a Connecticut limited liability company (“BPOZ Tokeneke”), made a loan (the “BPOZ Tokeneke Loan”) in the principal amount of $5,000,000, evidenced by a convertible promissory note (the “BPOZ Tokeneke Note”), to 100 Tokeneke Road, LLC, a Connecticut limited liability company (“Tokeneke Road”).”

Belpointe PREP, LLC entered into Letter Agreement with Daniel Suozzi (effective 2026-01-06).

“On January 6, 2026 (the “Effective Date”), Belpointe PREP, LLC (the “Company”), 100 Tokeneke Partners, LLC, a Delaware limited liability company and indirect minority-owned subsidiary of the Company (“Tokeneke Partners”), and Daniel Suozzi (the “Suozzi”) entered into a Letter Agreement (the “Letter Agreement”) in connection with a transaction in which Suozzi contributed his indirect ownership interest in certain real property”

Belpointe PREP, LLC incurred loan of up to approximately $204.14 million in aggregate principal amount with SM Finance III LLC at Term SOFR (as defined in the Loan Agreements), subject to a 3.25% floor, plus (i maturing October 11, 2027.

“On September 29, 2025, we, through our indirect majority-owned subsidiaries, BPOZ 1991 Main, LLC, a Delaware limited liability company (“BPOZ 1991 Main”), and BP Mezz 1991 Main, LLC, a Delaware limited liability company and holding company for BPOZ 1991 Main (“BP Mezz 1991 Main” and, together with BPOZ 1991 Main, the “Borrowers”), entered into a variable-rate mortgage loan agreement (the “1991 Main Mortgage Loan Agreement”) and variable-rate mezzanine loan agreement (the “1991 Main Mezzanine Loan Agreement” and, together with the 1991 Main Mortgage Loan Agreement, and all other agreements and instruments executed by the Borrowers or the Company in connection therewith, the “Loan Agreements”) with SM Finance III LLC, a Delaware limited liability company (the “Lender”), for up to approximately $204.14 million in aggregate principal amount (the “Loans”), of which a total of approximately $172.83 million was advanced at the closing (the “Initial Advance”). The Loans bear interest at a fluc”

Belpointe PREP, LLC incurred loan of up to $40.8 million with SM Finance III LLC at Term SOFR plus 6.75% maturing October 11, 2027.

“entered into a mezzanine loan agreement (the “1991 Main Mezzanine Loan Agreement”) with the Lender, for up to $40.8 million in principal amount (the “1991 Main Mezzanine Loan”)”

Belpointe PREP, LLC incurred mortgage of up to $163.3 million with SM Finance III LLC at Term SOFR plus 1.5% maturing October 11, 2027.

“entered into a variable-rate mortgage loan agreement (the “1991 Main Mortgage Loan Agreement”) with SM Finance III LLC, a Delaware limited liability company (the “Lender”), for up to $163.3 million in principal amount (the “1991 Main Mortgage Loan”)”

Belpointe PREP, LLC engaged CohnReznick LLP as its auditor.

“Following a competitive process, on April 17, 2025, the Audit Committee of the Board of Directors of Belpointe PREP approved the appointment of CohnReznick LLP (“CohnReznick”) as our new independent registered public accounting firm for the fiscal year ending December 31, 2025.”

Citrin Cooperman & Company, LLP resigned as auditor of Belpointe PREP, LLC.

“Citrin Cooperman & Company, LLP (“Citrin”), has informed Belpointe PREP, LLC (“Belpointe PREP,” “we,” “us,” “our,” or the “Company”) of a strategic shift in its focus toward issuer engagement in industries outside of Belpointe PREP’s core business sector. As a result, on April 11, 2025, Citrin notified us of its decision to decline to stand for re-election as our independent registered public accounting firm effective immediately. Citrin’s audit reports on our consolidated financial statements as of and for the fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2024 and 2023, and through the effective date of Citrin’s resignation, there were no (i) disagreements (as defined in Item 304(a)(1)(iv) of”

Belpointe PREP, LLC received a nyse_american deficiency notice notice regarding shareholders (rules 704).

“January 6, 2025, Belpointe PREP, LLC, a Delaware limited liability company (“Belpointe OZ, “we,” “us,” “our,” or the “Company”) received a letter from NYSE American LLC (“NYSE American”) indicating that, as a result of having not held its annual meeting of unitholders (the “Annual Meeting”) for the fiscal year ended December 31, 2023 by December 31, 2024, the Company is noncompliant with the continued listing standards set forth in Section 704 of the NYSE American Company Guide, and, consequently, the Company’s ticker symbol may include a below compliance (“.BC”) indicator until such time as t”

Belpointe PREP, LLC received a nyse_american deficiency notice notice regarding other.

“January 6, 2025, Belpointe PREP, LLC, a Delaware limited liability company (“Belpointe OZ, “we,” “us,” “our,” or the “Company”) received a letter from NYSE American LLC (“NYSE American”) indicating that, as a result of h”

Belpointe PREP, LLC entered into Mezzanine Loan Agreement with Southern Realty Trust Holdings, LLC valued at up to $56.3 million (effective 2024-01-31).

“On January 31, 2024, an indirect majority-owned subsidiary (the “Borrower”) of Belpointe PREP, LLC (the “Company” “we,” “us” or “our”) entered into a mezzanine loan agreement (the “Mezzanine Loan Agreement”) with Southern Realty Trust Holdings, LLC (the “Lender”), for up to $56.3 million in principal amount (the “Mezzanine Loan”).”

Belpointe PREP, LLC shareholders approved Approval of up to $750,000,000 of Class A units in connection with prospectus dated May 11, 2023 at the 2023-11-17 meeting.

“For Against Abstain Broker Non-Votes 37,468,902 230,109 13,120 917,021”

Belpointe PREP, LLC shareholders approved Ratification of appointment of Citrin Cooperman & Company, LLP as independent registered public accounting firm for fiscal year ended December 31, 2023 at the 2023-11-17 meeting.

“For Against Abstain Broker Non-Votes 38,620,010 103,714 12,283 1,298,600”

Belpointe PREP, LLC shareholders approved Election of Class II Directors at the 2023-11-17 meeting.

“Director Nominee For Against Abstain Broker Non-Votes Martin Lacoff 536,896 475,170 4,955 2,322,476 Ronald Young Jr. 539,311 472,755 4,955 2,322,476”

Belpointe PREP, LLC shareholders approved Ratification of the appointment of Citrin Cooperman & Company, LLP, as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2022 at the 2023-02-03 meeting.

“The ratification of the appointment of Citrin Cooperman & Company, LLP, as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2022. There were no broker non-votes on this proposal. For Against Abstain 1,731,250 26,611 11,625”

Belpointe PREP, LLC shareholders approved Election of Class I Directors at the 2023-02-03 meeting.

“The individuals below were elected at the Annual Meeting to serve as Class I directors of the Company until the 2025 annual meeting of the unitholders or until their respective successors are duly elected or appointed and qualified or until their earlier resignation, removal, incapacity or death. Director Nominee For Against Abstain Broker Non-Votes Timothy Oberweger 279,450 403,131 3,574 1,183,331 Shawn Orser 277,475 405,106 3,574 1,183,331”