Benjamin Hatz

Benjamin Hatz serves as Chief Operating Officer for B2K Development, where he is responsible for daily management of the company’s diverse business, including acquisitions, development, and capital markets.

Real estate investment, asset management and advisory firm providing advice and direct investment services. Provide “on-demand” acquisitions and investment services to investors without an in-house real estate investment team or no presence in the US and in some cases act as a GP to investors for opportunities in out-of-favor market segments. • Manage non-real estate focused client relationships and serve as a trusted advisor, providing expert guidance and insights to key stakeholders on commercial real estate transactions, fostering long-term partnerships and generating new business opportunities. • Conduct comprehensive market analysis, feasibility studies, and financial modeling to assess investment opportunities, evaluate market trends, and forecast future demand and supply dynamics, informing clients' real estate investment and development strategies. • Selected Accomplishments: o Determined valuation, negotiated $12 million purchase agreement for vacant, 2-property, 211,000 square foot distribution and pharmaceutical laboratory portfolio, located in St. Louis, MO. After a 12-month hold, sold for a $8 million net profit and 67% unlevered internal rate of return; o Determined valuation, negotiated purchase agreement for 74,500 square foot pharmaceutical production facility. Purchased for $8 million, sold equipment for $5 million, and leased to end user for $800,000 per annum (provides unlevered cash-on-cash return of 27%); o Determined current valuation for 201,490 square foot, vacant, manufacturing facility on 14 acres located in Salisbury, MD. Established development timeline and capitalization for adaptive reuse plan for multiple facilities; o Sourced and underwrote multiple $50 million multifamily properties to find an attractive risk-adjusted return for the upleg of a 1031 exchange; o Analyzed the viability of a 12,600 square foot, 5-operating room outpatient ambulatory surgery center in Manhattan, NY for physician ownership group.

Belpointe PREP, LLC is a publicly-traded Opportunity Zone Fund (NYSE "OZ") that concentrates on the identification, acquisition and development of both multifamily and mixed-use properties located within Opportunity Zones. Responsible for all aspects of both equity and debt capital markets, including property acquisitions and dispositions and sourcing of both debt financing and preferred equity.

Intellego Capital Partners is a privately-held investment management company formed to invest in multifamily workforce housing across high-growth markets in the U.S.

Privately held, 4th-generation, family-run real estate investment company that acquires and self-manages a portfolio of 10,000 units of value-add multifamily throughout sunbelt of the United States. • Modernized Acquisitions function (pipeline reporting, cash-flow models, investment memorandum), Capital Raising function (pitchbooks, investor presentations and negotiations), and Property Operations and Reporting functions (reporting, implantation of new property-level technologies) to transform family-run business to asset manager capable of partnering with institutional capital. • Sourced, reviewed, and valued value-add equity investments in multifamily throughout the US. Engaged in all aspects of acquisition process, including transaction sourcing, evaluation, cash flow modeling, joint venture structuring, project financing, and due diligence. • Selected Accomplishments: o $325 Million of Multifamily Acquisitions: (i) 414-unit, wrap-style complex in Phoenix,AZ; (ii) 361-unit, garden-style complex in Salt Lake City, UT; (iii) 609-unit, garden-style complex in Las Vegas, NV; (iv) 168-unit, garden-style complex in Summerlin submarket of Las Vegas, NV; and (v) 299-unit, 4-story, development opportunity in Raleigh-Durham, NC. o $118 Million of Dispositions: (i) 255,000 SF, 2-property medical office portfolio located in Westchester County, NY; and (ii) 384-unit, 1969-built, garden-style multifamily property in Denver, CO. Executed two 1031 tax-deferred exchanges with the net proceeds from the sales. o Capital Sourcing and Joint Ventures: (i) Co-led process to source and negotiate terms for $500 million joint venture from 3 globally recognized institutional capital partners, resulting in balance sheet capacity for immediate growth; (ii) Sourced and negotiated $200 million Line of Credit to use for new acquisitions; and (iii) Executed Partnership Agreement, as General Partner, for equity contribution into an existing 361-unit value-add investment in Salt Lake City, UT.