Belpointe PREP, LLC

Item 5.07 Submission of Matters to a Vote of Security Holders. On January 28, 2025, Belpointe PREP, LLC (the “ Company ”) held its annual meeting of unitholders (the “ Annual Meeting ”). As of October 30, 2024, the record date for the Annual Meeting, the Company had 3,647,093 Class A units, 100,000 Class B units and one Class M unit outstanding. Holders of the Company’s Class A units and Class B units were entitled to one vote per unit on all matters submitted for approval of the unitholders at the Annual Meeting. The holder of the Company’s Class M unit was entitled to that number of votes equal ten times the aggregate number of Class A units and Class B units outstanding on those matters which the Class M unit is entitled to vote. At the Annual Meeting holders of the Company’s Class A and Class B units voted together as a single class on proposals to elect one Class III director and ratify appointment of the Company’s independent registered public accounting firm, each of the proposals is described in greater detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on November 5, 2024. The holder of the Company’s Class M unit voting separately as a class was entitled to elect one Class III director (the “Class M Director”), but was not entitled to vote on any of the other proposals. Unitholders approved each of the proposals presented for a vote. The tables below set forth the number of votes cast for and against or withheld, and the number of abstentions or broker non-votes, for each matter voted upon by the Company’s unitholders. 1. The individuals below were elected at the Annual Meeting to serve as Class III directors of the Company until the 2027 annual meeting of the unitholders or until their respective successors are duly elected or appointed and qualified or until their earlier resignation, removal, incapacity or death. Director Nominee For Against Abstain Broker Non-Votes Brandon Lacoff 37,470,930 — — — ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Dean Drulias 1,979,346 73,027 15,217 1,483,161 2. The ratification of the appointment of Citrin Cooperman & Company, LLP, as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2024. There were no broker non-votes on this proposal. For Against Abstain Broker Non-Votes ────────────────────────────────────────────────────────────────────────────────────────────────────── 2,040,240 73,027 15,217 1,518,609

Item 7.01 Regulation FD Disclosure. On January 8, 2025, the Company announced that it had received a letter, on January 6, 2025, from NYSE American LLC (“NYSE American”) indicating that, as a result of having not held its annual meeting of unitholders for the fiscal year ended December 31, 2023 by December 31, 2024, the Company was not in compliance with the continued listing standards set forth in Section 704 of the NYSE American Company Guide (the “ Listing Standards ”). On January 30, 2025, following the Annual Meeting, the Company received a letter from NYSE American, acknowledging that the Company was back in compliance with the Listing Standards. A copy of the press release announcing that the Company had regain compliance with the Listing Standards is attached as Exhibit 99.1 to this Current Report on Form 8-K.