Belpointe OZ Announces Leasing Milestone at Aster & Links as Property Nears Stabilization
Sarasota, Florida, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, today announced that its flagship asset, Aster & Links, a premier 424-unit mixed-use luxury apartment community in downtown Sarasota, Florida, has reached approximately 90% of its residential units leased.
With approximately 90% of residences now leased, only a limited selection of homes remains available at Aster & Links. As new residents move in and occupancy continues to build, the property is positioned to achieve stabilization, unlocking the next phase of the Company’s plans for its flagship asset.
Situated in the heart of downtown Sarasota, Aster & Links offers residents an elevated living experience with thoughtfully designed and spacious luxury one-, two-, three-, and four-bedroom apartments, townhome-style penthouse residences, and six guest suites. Many feature powder rooms or dens well-suited for entertaining. The community is complemented by a robust amenity offering and a highly walkable location near many of Sarasota’s arts, dining, and waterfront destinations.
“Approximately 90% leased is a number that tells you everything about where Aster & Links stands today,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ. “The property now sits on the doorstep of stabilization, and that milestone matters well beyond the leasing office. Stabilization is the gateway to the next chapter for our flagship asset and for our unitholders, and we have never been closer to it than we are today.”
In addition to its residential component, Aster & Links features a curated collection of retailers, including Sprouts Farmers Market®, OfKors® Cafe, Isabel Boutique, ServisFirst Bank, SkinSpirit®, Pause® Studio, Embers Pilates, and Atelier + Design.
As previously discussed in the Company’s letter to unitholders, once Aster & Links achieves stabilization, expected between late 2026 and early 2027, the Company currently intends to refinance the property into long-term, fixed-rate Fannie Mae or Freddie Mac agency debt, and with that transition anticipates being in a position to commence distributions to unitholders in 2027, subject to board approval, compliance with loan covenants, and maintenance of adequate reserves.
For additional information or to schedule a private tour, please visit asterandlinks.com or call 888-680-3897.
About Aster & Links
Aster & Links is a premier mixed-use luxury community located in downtown Sarasota, Florida. The development combines sophisticated rental residences with neighborhood-serving retail in a walkable urban setting. Designed with modern living in mind, Aster & Links offers upscale amenities, distinctive architecture, and access to Sarasota’s cultural, dining, and waterfront attractions. Learn more at asterandlinks.com or by calling 888-680-3897.
About Belpointe OZ
Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 1,000 units in its development pipeline throughout three cities, representing a projected gross asset value of over $1.0 billion.
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Investor Relations and Media Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
IR@belpointeoz.com
203-883-1944
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