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The latest update is out from Belpointe PREP ( (OZ) ).
On March 3, 2026, Belpointe PREP, through its indirect subsidiary BPOZ 100 Tokeneke Holding, LLC, extended a $5 million convertible loan at 3.6% interest to 100 Tokeneke Road, LLC to finance the purchase of real estate at 100 Tokeneke Road in Darien, Connecticut. The note, due March 3, 2026, may be converted at Belpointe’s discretion into Class A units of Tokeneke Partners, the direct holding company of the property owner, at a conversion price of $14.50 per unit, allowing Belpointe to shift from lender to equity holder.
Concurrently on March 3, 2026, an affiliated entity owned indirectly by family members of Belpointe PREP’s CEO provided a $3.25 million convertible loan on similar terms, including a mandatory $625,000 post-closing conversion that resulted in the related party obtaining a 50% beneficial interest in Tokeneke Partners. Both the company’s and the related party’s transactions, which deepen the Belpointe ecosystem’s economic stake in the Darien property, were reviewed and approved by the board’s Conflicts Committee under the firm’s related-party and governance policies.
More about Belpointe PREP
Belpointe PREP, LLC is a real estate-focused investment company that provides capital through structured financings, including convertible loans, to acquire and develop properties. Operating through various subsidiaries, it targets U.S. real estate assets and related investment vehicles, often using joint structures and equity-linked debt to build positions in property holding entities.
Average Trading Volume: 16,359
Technical Sentiment Signal: Sell
Current Market Cap: $201.4M
See more insights into OZ stock on TipRanks’ Stock Analysis page.