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Belpointe PREP ( (OZ) ) has shared an announcement.
On January 6, 2026, Belpointe PREP, LLC entered into a letter agreement under which Daniel Suozzi contributed his indirect ownership interest in real property at 100 Tokeneke Road in Darien, Connecticut, to indirect minority-owned subsidiary 100 Tokeneke Partners, LLC in exchange for 243,000 Class B units of that entity. The agreement grants Suozzi a put right through May 31, 2027, to sell some or all of these Tokeneke units to Belpointe PREP or its affiliate at a fixed price of $14.50 per unit, payable in Belpointe PREP Class A units valued at the prevailing market price, while Tokeneke Manager, LLC obtains a corresponding call right between June 1 and December 31, 2027, with both option periods subject to limited revival if an initial equity financing occurs later, and the company committing to register the Class A units issuable to Suozzi for resale to provide liquidity and clarity around his exit path and Belpointe PREP’s potential future ownership of the property interest.
More about Belpointe PREP
Belpointe PREP, LLC is a real estate-focused company whose activities include indirect ownership and management of real property interests through subsidiary and affiliated entities, with its equity traded via Class A units listed on the NYSE American.
Average Trading Volume: 14,801
Technical Sentiment Signal: Sell
Current Market Cap: $212.5M
Find detailed analytics on OZ stock on TipRanks’ Stock Analysis page.