# Belpointe PREP Luxury Property VIV Surpasses 80% Leased in St. Petersburg

- URL: https://stocks.freetheai.org/news/belpointe-prep-luxury-property-viv-surpasses-80-leased-in-st-petersburg-23ab50
- Published: 2026-10-16T10:45:00Z
- Category: company_news; sentiment: bullish; impact: low
- Symbols: [AMEX:OZ](https://stocks.freetheai.org/symbols/AMEX-OZ)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Belpointe PREP, LLC (OZ) announced that its 269-unit luxury mixed-use development, VIV, located in St. Petersburg, has crossed the 80% leased mark. The property originally began leasing in October 2025 and is now making steady progress toward full operational setup.

Reaching more than 80% occupancy in roughly one year signals steady market demand for the property. Management expects VIV to achieve stabilization between late 2026 and early 2027, marking another milestone alongside Aster & Links, another company project approaching a stabilized status. Crossing this leasing milestone helps de-risk the lease-up period and supports expected growth in net operating income.

Investors should monitor the company's timeline as it targets full stabilization over the coming months. Key details to track include final occupancy rates, achieved rent levels relative to original estimates, and normalized cash flow figures once full operational stability is reached.

## Key points

- Belpointe PREP's 269-unit luxury mixed-use property, VIV, surpassed 80% leased.
- Leasing for the St. Petersburg development originally launched in October 2025.
- The company expects VIV to reach stabilization between late 2026 and early 2027.
- VIV represents the company's second project nearing a stabilized base alongside Aster & Links.

## Questions and answers

### What is the leasing status of Belpointe PREP's VIV property?

VIV has surpassed 80% leased after beginning leasing operations in October 2025.

### When does Belpointe PREP expect VIV to reach stabilization?

The company expects the property to achieve stabilization between late 2026 and early 2027.

### Where is the VIV property located?

VIV is a 269-unit luxury mixed-use property located in St. Petersburg.