Belpointe Prep, Llc · AMEX:OZ
Belpointe Prep — IPO Roadshow (January 2023)
37 slides from Belpointe Prep's IPO roadshow presentation, Jan 25, 2023
Slide 1: National Investment Services Group Monthly Call
NYSE:COZ NATIONAL INVESTMENT SERVICES GROUP MONTHLY CALL SOMMIMIENGVAL RENE IESIWAMNE SIERVIGIES JANUARY 2023
Slide 2: Today's Presenter
Today’s Presenter Si NYSE. American = Benjamin Hatz Chief Acquisitions Officer 255 Glenville Road Greenwich, CT 06831 917.579.2640
Slide 3: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains estimates, projections and other forward-looking statements, typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “s
Slide 4: Important Information and Disclosures
Important Information and Disclosures The information in this presentation is for illustrative, educational and informational purposes only and is subject to change. Nothing in this presentation is or should be construed as an offer to sell or the solicitation of an offer to buy any security in any
Slide 5: "Do Good While Doing Good"
OL “Do Good While Doing Good”
Slide 6: OZ National Investment Services Group Call — Overview
OZ National Investment Services Group Call — Overview Opportunity Zone Investing ¢ What is an Opportunity Zone? ¢ What are the benefits of investing in Opportunity Zones?
Slide 7: OZ National Investment Services Group Call — Overview
OZ National Investment Services Group Call — Overview Opportunity Zone Investing ¢ What is an Opportunity Zone? ¢ What are the benefits of investing in Opportunity Zones? Belpointe OZ ¢ Why might an investor want to invest with Belpointe OZ? ¢ Belpointe’s current investments
Slide 8: OZ National Investment Services Group Call — Overview
OZ National Investment Services Group Call — Overview Opportunity Zone Investing ¢ What is an Opportunity Zone? ¢« What are the benefits of investing in Opportunity Zones? Belpointe OZ ¢ Why might an investor want to invest with Belpointe OZ? ¢ Belpointe’s current investments How can Lee & Associate
Slide 9: OL
OL Opportunity Zone Investing
Slide 10: OZ — Overview
OZ Opportunity Zone Investing — Overview What are Opportunity Zones? How to take advantage of Opportunity Zones? * Opportunity Zones were created through * To take advantage of the tax benefits of OZ the Tax Cuts and Jobs Act of 2017. 8,764 low-income census tracts, nominated by U.S. State Governors
Slide 11: OZ — Opportunity Zone Map
OZ Opportunity Zone Investing — Opportunity Zone Map
Slide 12: OZ — Opportunity Zone Map
OZ Opportunity Zone Investing — Opportunity Zone Map MCFERRIN PARK = NORTH NASHVILLE FIVE POINTS =) a HISTORIC EDGEFIELD DOWNTOWN Shelby +7 a Bottoms She ‘aton\Grand Nature\Center Nashvill@;Downtown: &’Greenw Deir yuNthy Music |Hall ofFamevandimuseum SOBRO Park FISK/MEHARRY NATIONS > G WHE GULCH Qyr
Slide 13: OZ — Nashville TN
OZ Opportunity Zone Investing — Nashville TN MCFERRIN PARK Ka: NORTH NASHVILLE FIVE POINTS HISTORIC ae EDGEFIELD ‘anK FISK/MEHARRY DOWNTOWN Shelby S ONG Bottoms: sheratonerend Nature Center Nashvill@Downtown: eNGTeeny NATIONS Deir yuNthy. Music'Fall ofFamevandimMuseum o SOBRO he EDGEHILL ps SYLVAN P
Slide 14: OZ — Nashville's The Gulch
OZ Opportunity Zone Investing — Nashville’s The Gulch Countsy, Music Hall ofFame’andiMuseum enon 40] J MUSIC ROW 3 “ % 41 2 EDGEHILL “? Ww) ~~ LanesMotor Mi L f {31} WEDGEWOOD-HOUSTON
Slide 15: OZ — Nashville's The Gulch
OZ Opportunity Zone Investing — Nashville’s The Gulch Country, Music Hall | ofiFame’andiMuseum {70} v aI OZ 15
Slide 16: OZ — Eighth Avenue
OZ Opportunity Zone Investing — 900 Eighth Avenue TI ¢ OBRO (70} enor 40) Belpointe’s 900 Eighth Avenue — 266 Units } MUS
Slide 17: OZ — Tax Advantages
OZ 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: Deferral of Capital Gains Taxes: Capital gains (short-te
Slide 18: OZ - State Income Tax Advantages
OZ 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 in whole or in part Federal guidelines on deferral of tax through investments in Opportunity Z
Slide 19: Belpointe OZ — Structural Advantages
OL Belpointe OZ — Structural Advantages
Slide 20: OZ Structural Advantages
OZ Structural Advantages PREP Advantages Actively managed real estate by experienced real estate professionals. Greater diversification by geographic locations and asset types. Pass-through depreciation to investors. Ability to make quarterly distributions.” Annual distributions of at least 90% of o
Slide 21: Belpointe OZ — Select Current Developments
OZ Belpointe OZ — Select Current Developments Storrs CT: Student Housing @ UConn Main Campus he Nashville TN: Cumberland River Master Development & 266-units S. of Gulch St. Petersburg FL: 2-acre site N of TB Ray’s Stadium, approved for 15 stories & 269 units Sarasota FL: Mixed-use development 418 m
Slide 22: Belpointe OZ — Unique QOF Sale Opportunity
Belpointe OZ — Unique QOF Sale Opportunity
Slide 23: OZ Real Estate Group — Unique QOF Sale Opportunity
OZ Real Estate Group — Unique QOF Sale Opportunity Being uniquely structured as a publicly traded partnership and Qualified Opportunity Fund (QOF) allows OZ to acquire other private QOFs after their investments have been completed. How is this even possible? Stabilized Asset Acquisitions: Being the
Slide 24: Unique QOF Sale Opportunity — A Hypothetical Example
OZ Real Estate Group — Unique QOF Sale Opportunity A Hypothetical Example... ¢ In 2019, a Developer finds a plot of land in an Opportunity Zone. * Developer decided to build a _ luxury multifamily asset over the next 2-year period $100 * The project will cost $100 million ¢ Developer capitalizes the
Slide 25: Hypothetical Example (Continued)
OZ Real Estate Group — Unique QOF Sale Opportunity A Hypothetical Example (Continued)... IT IS NOW DECEMBER 2022: #140 ¢ The property has received its certificate of occupancy, and has begun lease-up; $120 * The construction loan has matured; and * The property has appreciated to $120 million! $100
Slide 26: Hypothetical Example (Continued) — Transaction Structure Step 1
OZ Real Estate Group — Unique QOF Sale Opportunity A Hypothetical Example (Continued)... ONE POTENTIAL TRANSACTION STRUCTURE WITH BELPOINTE OZ: * STEP 1: Belpointe OZ provides a short-term, 75% LTV ($90 M) loan to the QOF. ¢ STEP 1a: QOF pays off maturing $70 M construction loan. ¢ STEP 1b: QOF make
Slide 27: Hypothetical Example (Continued) — Transaction Structure Step 2
OZ Real Estate Group — Unique QOF Sale Opportunity A Hypothetical Example (Continued)... ONE POTENTIAL TRANSACTION STRUCTURE WITH BELPOINTE OZ: © STEP 2: At a later time, Belpointe OZ merges the QOF into OZ at a $120 M basis. © STEP 2a: Belpointe OZ assumes the short-term $90 M loan. ¢ STEP 2b: Belp
Slide 28: Hypothetical Example (Continued) — Exit Options
OZ Real Estate Group — Unique QOF Sale Opportunity A Hypothetical Example (Continued)... Exit — Option 1 OZ Units Sold Prior to the 10-Year Investment Period: * If investors sell their OZ units prior to 10 years from their original private QOF investment date, an inclusion event will occur and trigg
Slide 29: Fund Asset Overviews
OL FUND ASSET OVERVIEWS
Slide 30: Market: Sarasota
Market: Sarasota 1991 Main Street, Sarasota, Florida 1991 Main, located at the intersection of Main Street and Links Avenue in downtown Sarasota, Florida, will be redeveloped into an approximately 418 apartment home community. 1991 Main will feature two high-rise buildings with approximately 51,000
Slide 31: Market: Sarasota
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Slide 32: 1701 Ringling Boulevard, Sarasota, Florida
1701 Ringling Boulevard, Sarasota, Florida Market: Sarasota 1701 Ringling is an existing, six-story, approximately 80,000 sq.ft. office building. 1701 Ringling is located between Main Street and Ringling Boulevard, two primary roads, in downtown in Sarasota, Florida. We acquired 1701 Ringling for th
Slide 33: 902-1020 First Avenue North, St. Petersburg, Florida
902-1020 First Avenue North, St. Petersburg, Florida Market: St. Petersburg 902-1020 First Avenue North (“The Towes at 1000 First”) are located at 902-1020 First Avenue North in downtown St Petersburg, Florida. We acquired six co! uous parcels, comprising 1.6-acres of land, which we anticipate devel
Slide 34: Eighth Avenue, Nashville, Tennessee
900 Eighth Avenue, Nashville, Tennessee Market: Nashville (on 2808 ee 900 Eighth is an eight-story apartment building, that will feature approximately 266 apartments and approximately 14,100 sq.ft. of retail space in central Nashville, Tennessee. The new apartments will be steps away from The Gulch
Slide 35: Market: Nashville
Market: Nashville Nashville No. 2, Nashville, Tennessee (Rendering and Map Omitted) We anticipate that Nashville No. 2 will feature an approximately 412 apartment home community in two, six-story buildings. Nashville No. 2 is located in an emerging area of Nashville and features riverfront living an
Slide 36: Storrs Road Mansfield, Connecticut
Storrs Road Mansfield, Connecticut Market: Mansfield Storrs Road is an approximately 9-acre site located 2.7 miles from the University of Connecticut. We anticipate that Storrs Road will be a future multifamily development.
Slide 37: Investor Relations contact
Investor Relations contact: Cody Laidlaw claidlaw@belpointe.com Headquarters: 255 Glenville Road