Belpointe PREP, Llc · AMEX:OZ
Belpointe PREP — Investor Presentation (October 2022)
37 slides from Belpointe PREP's investor presentation, October 2022
Slide 1: Publicly Traded Opportunity Zone Fund
PUBLICLY TRADED OPPORTUNITY ZONE FUND 1
Slide 2: Do Good While Doing Good
OL “Do Good While Doing Good”
Slide 3: Overview
Overview Belpointe PREP, LLC (“OZ”) is the first and only publicly traded Qualified Opportunity Zone Fund to be listed on a National Securities Exchange. OZ offers: High quality and actively managed real estate investment assets in the United States, through the expertise of the Belpointe organizati
Slide 4: Executive Summary: Who is OZ?
Executive Summary Belpointe PREP, LLC (NYSE: OZ) is the first and only publicly traded “Opportunity Zone” fund, which is now disrupting the real estate investment industry with its unique combination of development expertise and its OZ unparalleled investment platform. OZ is conducting an ongoing in
Slide 5: Structural Advantages
Structural Advantages PREP NYSE Listed Advantages Advantages NYSE Listed PREP Advantages Advantages Tax Advantages Tax Advantages n Actively managed real estate n Deferral of previous capital n Provides unitholders with + Belpointe OZ Advantages by experienced real estate gains that are reinvested i
Slide 6: Real Estate Group
OL Real Estate Group
Slide 7: Real Estate Group — Overview
Real Estate Group — Overview OZ is managed by Belpointe’s Real Estate Team, which is headquartered in Greenwich, Connecticut. Belpointe is a fully integrated real estate development, construction and management firm specializing in multifamily investment strategies, specifically in ground-up constru
Slide 8: Real Estate Group — Track Record Investment
Real Estate Group — Track Record Investment Belpointe’s historical track record includes the development of “Baypointe”, which is a Class A direct waterfront apartment community in downtown Stamford, Connecticut, which is located in an Opportunity Zone. Description of the Baypointe Development: Bayp
Slide 9: Real Estate Group — Investment Strategy
Real Estate Group — Investment Strategy OZ's investment strategy is centered on ground-up multifamily developments and the acquisition of other Qualified Opportunity Funds with stabilized multifamily assets throughout the United States, using the following fundamental investment considerations. Geog
Slide 10: Real Estate Group — Risk Mitigation
Real Estate Group — Risk Mitigation OZ’s unique combination of risk mitigating strategies will provide its unitholders with the opportunity for long-term distributions and capital appreciation while lowering risk. Development & Construction Oversight: We believe Lower Fees: Low annual Management Fee
Slide 11: Real Estate Group — Investing without Construction Risk
Real Estate Group — Investing without Construction Risk OZ being uniquely structured as a publicly traded partnership Qualified Opportunity Fund allows OZ to acquire other Qualified Opportunity Funds after their investments have been completed and stabilized. Stabilized Asset Acquisitions: Being the
Slide 12: Opportunity Zone Investing
Opportunity Zone Investing 12
Slide 13: Opportunity Zone Investing — Overview
Opportunity Zone Investing — Overview What are Opportunity Zones? How to take advantage of Opportunity Zones? Opportunity Zones were created through the Tax Cuts To take advantage of the tax benefits of investing in and Jobs Act of 2017. Opportunity Zones are low-income Opportunity Zones, investors
Slide 14: Opportunity Zone Investing — Opportunity Zone Map
Opportunity Zone Investing — Opportunity Zone Map OZ 14
Slide 15: Opportunity Zone Investing — Tax Advantages
Opportunity Zone Investing — Tax Advantages Under Section 1400Z of the Tax Cuts and Jobs Act of 2017, investors who elect to reinvest their capital gains into Opportunity Zones will receive multiple capital gains tax benefits. Tax Benefits: 1 Deferral of Capital Gains Taxes: Capital gains (short-ter
Slide 16: Opportunity Zone Investing - State Income Tax Advantages
Opportunity Zone Investing - State Income Tax Advantages State conformity with Federal guidelines on Opportunity Zones at the Individual level: The following States, shown in blue, have chosen to follow Federal guidelines on deferral of tax through investments in Opportunity Zones. A State’s conform
Slide 17: Structural Advantages
OL Structural Advantages ake
Slide 18: Public Company Registration Advantages
Public Company Registration Advantages OZ was formed as a public real estate partnership (“PREP”), which is registered with the United States Securities and Exchange Commission (“SEC”). Public Company Registration Advantages: n Registering as a public company provides unitholders with SEC reporting
Slide 19: Drastically Reduced Fee Structures
Drastically Reduced Fee Structures In order to disrupt the real estate industry, OZ is offering a drastically reduced management and incentive fee structure, as compared to traditional real estate funds. Further, OZ does not charge many of the other ad-hoc fees that are prevalent in the industry. Re
Slide 20: Ultimate Liquidity & Control
Ultimate Liquidity & Control OZ’s units were designed to provide its unitholders with the ultimate control and liquidity. NYSE Liquidity: OZ has provided its unitholders with liquidity by being listed on the NYSE, which is not available to investors in private real estate investment vehicles. Ultima
Slide 21: Additional Tax Advantages
Additional Tax Advantages The OZ structure provides for an additional tax advantage for its unitholders: 20% Tax Deduction on taxable operating income. 20% Tax Deduction on all Taxable Income: Under Section 199A of the TCJA, pass-through investors can earn up to a 20% tax deduction on their qualifie
Slide 22: Versus a 1031 Exchange
Versus a 1031 Exchange An investment into OZ offers several advantages over a 1031 Like-Kind Exchange: 1 A 1031 Exchange only applies to capital gains taxes from the sale of real property. However, a reinvestment of capital gains into OZ can be from the sale of any asset type (not just real estate),
Slide 23: versus the Competition
versus the Competition Belpointe OZ Acquisition of stabilized OZ assets Reduced Management Fee Minimal Carried Interest Liquidity on the NYSE Public Company Transparency and Reporting Unitholder Liquidity Control No Capital Calls No Investor Servicing Fees In-House Construction Expertise In-House De
Slide 24: OZ: Executive Team & Board Members
OZ: Executive Team & Board Members 24
Slide 25: Executive Management and Board of Directors
Executive Management and Board of Directors Brandon Lacoff, Esq. Brandon is the Founder, Chairman of the Board of Directors and Chief Executive Officer of Belpointe PREP, LLC (NYSE: OZ). Brandon was also the founder, Chairman of the Board of Directors and Chief Executive Officer of Belpointe REIT, I
Slide 26: Executive Management and Board of Directors
Executive Management and Board of Directors Martin Lacoff Marty is an entrepreneur with over 45 years’ experience in successfully starting, developing and operating businesses within the securities, real estate, and natural resources industries. His considerable professional experience include forme
Slide 27: Executive Management
Executive Management Fredrick Stoleru Fred is the Chief Operating Officer at Belpointe where he is a member of the Investment Committee and Senior Management Committee. His primary responsibility includes overseeing and coordinating the development, asset management, and finance activities for Belpoint
Slide 28: Executive Management
Executive Management Cody Laidlaw Cody is the Chief Business Development Officer at Belpointe overseeing all aspects of fundraising, investor relations, product development, marketing, and assists with implementing the overall investment strategy of the firm. Cody was also the Chief Business Developmen
Slide 29: Executive Management
Executive Management Brooke May Brooke is the Vice President of Construction at Belpointe with responsibility for preconstruction and construction activities. Prior to joining Belpointe, Brooke served as Vice President of Residential Construction at Strategic Property Partners (SPP). Brooke has over
Slide 30: Executive Management
Executive Management Adam Snitkoff, Esq. Adam is the Director of Finance and Tax at Belpointe since 2016. Adam most recently operated his own practice where he per- formed accounting and tax services for family offices and Real Estate Investment Trusts. Prior to that, Adam was a consultant to Starwood
Slide 31: Independent Board Members
Independent Board Members Dean Drulias, Esq. Mr. Drulias has been practicing private law in Westlake Village, California. Mr. Drulias formerly served as Director, Corporate Secretary and General Counsel of Fortune Natural Resources Corporation, a public oil and gas exploration and production service
Slide 32: Independent Board Members
Independent Board Members Shawn Orser Mr. Orser has been the President of Seaside Financial & Insurance Services, a San Diego, California based investment advisory firm. Mr. Orser began his career in finance supporting an Index Arbitrage desk at RBC Dominion Securities, then moved to Merrill Lynch w
Slide 33: Executive Advisory Board Members
Executive Advisory Board Members Sarah Broderick Ms. Broderick is the Founder of FEAT Capital & Advisory, advising primarily female-led or growth stage companies on topics including financial and operational execution, executive leadership, organizational design and corporate cultural transformation
Slide 34: Executive Advisory Board Members
Executive Advisory Board Members Donald Cogsville Mr. Cogsville is the Chief Executive Officer of The Cogsville Group, a New York-based private equity real estate investment firm founded in 2007. Since its inception, the firm has invested in $3 billion of commercial and residential real estate, repr
Slide 35: Executive Advisory Board Members
Executive Advisory Board Members Stephen Soler Mr. Soler is the Managing Director of Stockbridge Realty Advisors, LLC, where he oversees underwriting, financing, and project management for real estate investments, including assisting Societe Generale with various real estate related matters including
Slide 36: Important Information and Qualifications
Important Information and Qualifications Belpointe PREP, LLC (“Belpointe OZ”) has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to $750,000,000 of Class A units representing limited liability interests in
Slide 37: Investor Relations contact
Investor Relations contact: Cody Laidlaw claidlaw@belpointe.com Headquarters: 255 Glenville Road Greenwich, CT 06831 (203) 883-1944
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