Belpointe PREP, LLC ("Belpointe OZ"), a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ," announced that its VIV luxury multifamily development in downtown St. Petersburg, Florida, has reached a leasing milestone, with 25% of its residential units now leased. The property began leasing in late 2025 and is experiencing consistent demand from residents. VIV is a mixed-use development offering residential units, amenities, and retail spaces in downtown St. Petersburg. Belpointe OZ currently has over 2,000 units in its development pipeline across four cities, with a total project cost of approximately $1.0 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Belpointe PREP LLC published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9625850-en) on January 14, 2026, and is solely responsible for the information contained therein.