{"url_path":"/sec/oz/8-k/2026-06-01/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1807046/0001493152-26-026468-index.html","accession_number":"0001493152-26-026468","cik":"0001807046","ticker":"OZ","issuer_name":"Belpointe PREP, LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1807046/0001493152-26-026468-index.html","primary_entity_key":"0001807046","primary_entity_name":"Belpointe PREP, LLC"},"word_count":398,"has_tables":true,"body_markdown":"** **\n\n \n\n \n\n** **\n\n**Item\n8.01 Other Events.**\n\n \n\nBelpointe\nPREP, LLC (“we,” “us,” “our,” or the “Company”) has approved the Company’s\nquarterly determination of net asset value (“NAV”) and NAV per Class A unit as of March 31, 2026 (the “Determination\nDate”), in accordance with our valuation policies.\n\n \n\nThe\nfollowing table provides a breakdown of the major components of our NAV and NAV per Class A unit as of the Determination Date:\n\n \n\nAssets \n  \n\nInvestments\nin real properties \n$724,820,038 \n\nCash and cash equivalents \n 19,568,237 \n\nOther\nassets \n 11,222,985 \n\nTotal\nAssets \n$755,611,260 \n\n  \n   \n\nLiabilities \n   \n\nDebt and other borrowings \n 279,428,825 \n\nOther\nliabilities \n 23,025,186 \n\nTotal\nLiabilities \n$302,454,011 \n\n  \n   \n\nNAV \n$453,157,249 \n\nNumber of Class A units outstanding \n 3,898,104 \n\nNAV per Class A unit \n$116.25 \n\n \n\nOur\nNAV per Class A unit is based on the NAV of our assets and investments (such as our portfolio of commercial real estate properties) in\naddition to any other assets (such as cash on hand following any distributions to Belpointe PREP Manager, LLC (our “Manager”)\npursuant to its Class B units, if any), less any liabilities (such as our construction loans), including the allocation or accrual of\nmanagement fees, allocation or accrual of gains or distributions distributable to our Manager pursuant to its Class B units and expenses\nreimbursable to our Manager and its affiliates, including our Belpointe, LLC, our sponsor.\n\n \n\nWe\ncalculate NAV per Class A unit using a process designed to produce a fair and accurate estimate of the price that would be received for\nour assets and investments in an arm’s-length transaction between a willing buyer and a willing seller in possession of all material\ninformation about our assets and investments. Our Manager periodically reviews our valuation methodologies and policies to determine\nwhether they remain in the best interests of our unitholders and may adjust our methodologies as it deems appropriate. Our determination\nof NAV is not a representation or guarantee that we will be able to fully realize our NAV upon a sale of our assets and investments,\nor that our Class A units will trade at our NAV per Class A unit on the NYSE American.\n\n \n\n \n\n \n\n** **\n\n**SIGNATURES**\n\n \n\nPursuant\nto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by\nthe undersigned hereunto duly authorized.\n\n \n\nDated:\nMay 29, 2026\n\n \n\n \n**BELPOINTE\nPREP, LLC**\n\n \n \n \n\n \nBy:\n*/s/\nBrandon E. Lacoff*\n\n \n \nBrandon\nE. Lacoff\n\n \n \nChairman\nof the Board and Chief Executive Officer"}