BELPOINTE REIT INC. ANNOUNCES THEIR FIRST OPPORTUNITY ZONE CLOSING

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Belpointe REIT, Inc. has acquired One Main Plaza Mall located in downtown Sarasota Florida.  Belpointe plans to construct two buildings consisting of 418 units of market rate apartments and approximately 50,000 SF of ground floor retail.  The property is a largely vacant retail mall constructed in the early 1990s and is slated for redevelopment.  The site is uniquely located on Main Street in Sarasota’s revitalized downtown area.

“We are excited about the opportunity to invest in downtown Sarasota as a first step in our investment strategy of developing urban multifamily communities in the growing cities of the southeast.  Sarasota has a great downtown with many restaurants, hotels and condominium developments. We look forward to becoming a part of this growing community for many decades,” said Belpointe CEO, Brandon Lacoff.

The apartment homes will feature high-end finishes and larger layouts more typical in luxury condominiums.  The apartment amenities will include two courtyards each with their own swimming pool, rooftop decks and top-quality fitness and lifestyle amenities.  The two buildings will be similar in quality but will boast different design themes.  One will be a modern building with a polished luxury aesthetic while the other will feel more industrial with lofts, oversized windows and exposed concrete and steel.

The development’s plan for 50,000 SF of ground floor commercial space is anticipated to include several sit-down restaurants and a food hall rather than a traditional grocery store. “We believe the retail component of this development will be very successful because the site has six large office buildings, a movie theater and the county government offices all within a two-block radius.  This will provide both lunch and dinner demand for our restaurants. The 1991 Main site boasts great visibility from major routes 301 and Fruitville Road while maintaining the quiet pedestrian frontage on main street and Links Avenue,” said Belpointe CIO Paxton Kinol.

Belpointe plans to develop similar urban luxury apartment communities throughout the south and southeast over the coming years.

 

Belpointe REIT is the first and only publicly traded Opportunity Zone company. It touts former AvalonBay executives among its management team and has the lowest fee structure in the industry. Belpointe focuses on developing multifamily, student housing, senior housing, and workforce housing within Opportunity Zones throughout the country.

 

For investment inquiries please contact Cody Laidlaw at 203 883 1944 or email claidlaw@belpointereit.com.

 

Belpointe REIT, Inc., the First Ever Public Qualified Opportunity Zone Fund, Begins Trading on the OTCQX

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GREENWICH, Conn., Nov. 19, 2019 — Belpointe REIT, Inc. (OTCQX: BELP) “The Opportunity Zone REIT” announced that it has begun trading on the OTCQX under the symbol “BELP”. This marks the first and only Qualified Opportunity Fund available to be bought and sold directly through an investor’s brokerage account. BELP is available through all online brokerages, including, but not limited to, TD Ameritrade, Charles Schwab and E-Trade.

About Opportunity Zones

Opportunity Zones were designated by the Tax Cuts and Jobs Act of 2017 to provide incentives to spur economic development in low income areas by granting investors significant tax deferral, tax reduction and tax forgiveness treatment to eligible capital gains invested via Qualified Opportunity Funds. “We are very excited to be able to bring a Qualified Opportunity Fund to the public markets,” said Brandon Lacoff, CEO of Belpointe REIT. “Highly tax advantaged and private equity style vehicles like these are not typically available through the retail channels. We are approaching the distribution of our product in a groundbreaking way and are excited for the future success of our company, our shareholders, and the communities we invest in.”

Belpointe REIT, Inc. Regulation A Offering

Belpointe REIT’s publicly traded advantages are vast:

Commission Free: There is no load to invest directly into Belpointe REIT.

Simplified Purchase Process: Belpointe REIT is simple to purchase. As with any publicly traded company all an investor needs to do is login to their brokerage account and place an order. Therefore eliminating, subscription agreements, mailings, and e-signatures.

Liquidity and Shareholder Controlled Exits: Due to being publicly traded, Belpointe REIT offers increased liquidity to its shareholders. This means each shareholder has greater control over the sale of their investment. If a shareholder, wishes to exit their investment for any reason, at any time they can login to their brokerage account and place an order to sell their shares.

Non-accredited Investors: With Belpointe REIT being publicly qualified under Tier 2 of Regulation A and quoted for trading on the OTCQX non-accredited investors may purchase shares in an amount of up to 10% of the greater of their: (i) annual income or net worth, if an individual, or (ii) revenue or net assets for the most recently completed fiscal year end, if an entity.

Management Team: Belpointe REIT is backed by the Belpointe organization, comprised of former AvalonBay professionals with extensive in-house real estate management, construction and development expertise, which allows for better investment underwriting and therefore risk mitigation.

Low Minimum Investment: Belpointe REIT is offering the lowest minimum investment in the Opportunity Zone industry. The current per share purchase price is $100.

Lowest Fees: Belpointe REIT offers the lowest fee structure in the real estate and Opportunity Zone investment industry, no investor servicing fees, acquisition or disposition fees, an annual management fee of 0.75%, and a carried interest of 5%. Belpointe REIT is charging such low fees in order to disrupt the real estate investment industry and to allow its shareholders to obtain superior economics that are more in line with direct real estate investing.

For more information about the benefits of Opportunity Zone investing, please download our whitepaper “Investing in Opportunity Zones for Tax Advantages and Growth” available at: https://belpointereit.com/white-paper/

Belpointe REIT is currently offering a maximum amount of up to $50,000,000 of shares of common stock, par value $0.01 per share, pursuant to an offering statement qualified by the Securities and Exchange Commission (the “SEC”) on February 11, 2019. Copies of the offering statement are available on the SEC website and may be obtained from Belpointe REIT, Inc., BelpointeREIT.com, by telephone at (203) 622-6000 or by email at investorrelations@belpointereit.com.

About Belpointe

Belpointe, a private equity investment firm and family office, based in Greenwich, Connecticut owns several operating businesses, including Belpointe Asset Management LLC, a financial asset management firm that manages over $1.5 billion in assets.

About Belpointe REIT, Inc.

Belpointe REIT a qualified opportunity fund that concentrates on the identification, acquisition and development or redevelopment of properties located within “qualified opportunity zones.”

Investor Relations and Media Contact:

Cody Laidlaw
(203) 622-6000
investorrelations@belpointereit.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” “plan” or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on current expectations which involve numerous risks, uncertainties and assumptions. Assumptions relating to these statements involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to accurately predict and many of which are beyond our control. Although we believe the assumptions underlying the forward-looking statements, and the forward-looking statements themselves, are reasonable, any of the assumptions could prove to be inaccurate and, therefore, there can be no assurance that these statements will themselves prove accurate and our actual results, performance and achievements may materially differ from those expressed or implied by these statements as a result of numerous factors, including, without limitation, those discussed under the Risk Factors heading in our offering circular dated February 13, 2019. Belpointe REIT assumes no obligation, and does not intend to, update these forward-looking statements as a result of future events or developments.

Belpointe Opportunity Zone REIT Touts the Lowest Fee Structure in the Industry

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Belpointe’s management team and CEO, Brandon Lacoff, are disrupting the real estate investment industry by bringing a radically lower fee structure to investors. They are catering to all investors across the wealth spectrum from institutions to individuals, non-accredited and accredited alike. Belpointe is putting all investors on an equal footing, with one single share class where everyone is treated like an institutional investor with the same low fees and carried interest.

Paxton Kinol, CIO for Belpointe REIT and former Avalon executive said, “Brandon’s vision to put together a unique product like this has never been done before. With our superior structure, additional tax benefits, and the lowest fees in the industry, I truly expect us to surpass our capital target raise of $3 billion.”

The Belpointe Opportunity Zone REIT has only one share class and the following fees:

a. ZERO upfront commissions
b. ZERO acquisition and/or disposition fees
c. ZERO shareholder servicing fees
d. A management fee of only 0.75%
e. A carried interest of only 5%

Belpointe REIT Launches First Public Opportunity Zone REIT

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Belpointe REIT: “The Opportunity Zone REIT” is the first public Opportunity Zone focused REIT to be registered with the Securities and Exchange Commission. The Belpointe REIT seeks to invest in real estate assets in Opportunity Zones, as legislated by the Tax Cuts and Jobs Act of 2017. The Belpointe REIT is open to Non-Accredited and Accredited investors, with a low minimum investment amount of $10,000.

The Belpointe REIT offers a unique and superior investment vehicle for all investors, individual and institutional, who are looking to benefit from the tax-advantaged high-return investment opportunities available in Opportunity Zones. The Belpointe REIT is targeting an equity offering of $3 Billion and expects to list on the NYSE or NASDAQ in 6-8 years.

The Belpointe REIT is designed to offer its investors several advantages not available in most other Opportunity Zone investment vehicles today:

The Belpointe REIT offers one of the lowest fee structures in the real estate investment industry, with ZERO upfront commissions, an annual management fee of only 0.75%, and a carried interest fee of only 5%. The Belpointe REIT is charging such low fees in order to disrupt the real estate investment industry and to allow its investors to obtain superior economics that are more in line with direct real estate investing.

Through an eventual public listing, the Belpointe REIT offers ultimate exit liquidity to its investors, who will be able to control the timing and magnitude of their stock sales. In addition, the Belpointe REIT offers quarterly liquidity to its investors with ZERO penalties, until the public listing occurs. By contrast, investors in most private equity real estate funds have no liquidity until fund maturation, which can be as long as 15 years.

The Belpointe REIT is backed by the Belpointe organization that is comprised of former AvalonBay professionals with extensive in-house real estate management, construction and development expertise, which allows for better investment underwriting and risk mitigation. Belpointe and its AvalonBay team have developed real estate assets with an aggregate cost of over $1 Billion.

Investing in Opportunity Zones offers several tax advantages that represent a generational opportunity to defer, reduce and eliminate taxes, and to grow wealth:

Only capital gains derived from the sale of an asset are eligible to receive the tax benefits of Opportunity Zone investing. Such capital gains, when reinvested in the Belpointe REIT within 180 days of the gain recognition, will be excluded from shareholders’ gross income until the earlier of December 31, 2026 or when shareholders sell their shares. If shares are held for at least 5 years, shareholders receive a 10% reduction in the taxes due on their original capital gains, and if the shares are held for at least 7 years, shareholders receive an additional 5% reduction, for a total 15% reduction in taxes. In addition, if shareholders hold their shares for at least 10 years, shareholders are exempt from federal taxation on capital gains derived from the appreciation of their Belpointe REIT investment.

Brandon Lacoff, CEO, states “the Belpointe REIT offers the ideal structure for investing in Opportunity Zones by providing additional tax benefits, lower fees and better liquidity, in addition to being backed by our in-house real estate expertise and track record.” Therefore, the Belpointe REIT is a powerful tool available to Financial Advisors, Accountants and other investment fiduciaries, to attract new clients to their practices and to help clients achieve their investment goals – while simultaneously contributing to the economic revitalization of communities across the United States.