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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment NOI Reconciled to Consolidated Statement of Operations | The following table details the results of Segment NOI, reconciled to our consolidated statement of operations for the years ended December 31, 2024, and 2023 (amounts in thousands): Schedule of Segment NOI Reconciled to Consolidated Statement of Operations
|  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |  |  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |
|  | Year Ended December 31, 2024 |  |  | Year Ended December 31, 2023 |
|  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |  |  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |
Segment NOI: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenue |  | $ | 1,099 |  |  | $ | 1,576 |  |  | $ | 2,675 |  |  | $ | 1,769 |  |  | $ | 485 |  |  | $ | 2,254 |
Property expenses |  |  | (1,145 | ) |  |  | (2,989 | ) |  |  | (4,134 | ) |  |  | (730 | ) |  |  | (756 | ) |  |  | (1,486 | )
Total Segment NOI |  | $ | (46 | ) |  | $ | (1,413 | ) |  | $ | (1,459 | ) |  | $ | 1,039 |  |  | $ | (271 | ) |  | $ | 768 |
Non-segment items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Management fees, included in Property expenses |  |  |  |  |  |  |  |  |  |  | (2,705 | ) |  |  |  |  |  |  |  |  |  |  | (2,693 | )
General and administrative |  |  |  |  |  |  |  |  |  |  | (5,111 | ) |  |  |  |  |  |  |  |  |  |  | (6,335 | )
Interest expense |  |  |  |  |  |  |  |  |  |  | (10,006 | ) |  |  |  |  |  |  |  |  |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (4,215 | ) |  |  |  |  |  |  |  |  |  |  | (2,067 | )
Impairment of real estate |  |  |  |  |  |  |  |  |  |  | (777 | ) |  |  |  |  |  |  |  |  |  |  | (4,060 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 646 |  |  |  |  |  |  |  |  |  |  |  | 113 |
Other expense |  |  |  |  |  |  |  |  |  |  | (228 | ) |  |  |  |  |  |  |  |  |  |  | (87 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | (23,855 | ) |  |  |  |  |  |  |  |  |  |  | (14,361 | )
Provision for income taxes |  |  |  |  |  |  |  |  |  |  | (1 | ) |  |  |  |  |  |  |  |  |  |  | (1 | )
Net loss |  |  |  |  |  |  |  |  |  |  | (23,856 | ) |  |  |  |  |  |  |  |  |  |  | (14,362 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 11 |
Net loss attributable to Belpointe PREP, LLC |  |  |  |  |  |  |  |  |  | $ | (23,856 | ) |  |  |  |  |  |  |  |  |  | $ | (14,351 | )
Schedule of Significant Expense Categories by Segment | The following table details the significant expense categories by segment for the years ended December 31, 2024, and 2023 (amounts in thousands): Schedule of Significant Expense Categories by Segment
|  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |  |  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |  |  | Commercial Segment |  |  | Mixed-use Segment |  |  | Total |
Property expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate taxes |  | $ | 628 |  |  | $ | 423 |  |  | $ | 1,051 |  |  | $ | 406 |  |  | $ | 252 |  |  | $ | 658 |
Management fees |  |  | 45 |  |  |  | 812 |  |  |  | 857 |  |  |  | 44 |  |  |  | 65 |  |  |  | 109 |
Repairs & maintenance |  |  | 159 |  |  |  | 512 |  |  |  | 671 |  |  |  | 103 |  |  |  | 192 |  |  |  | 295 |
Insurance |  |  | 266 |  |  |  | 399 |  |  |  | 665 |  |  |  | 164 |  |  |  | 154 |  |  |  | 318 |
Utilities |  |  | 47 |  |  |  | 394 |  |  |  | 441 |  |  |  | 12 |  |  |  | 64 |  |  |  | 76 |
Other property expenses |  |  | — |  |  |  | 449 |  |  |  | 449 |  |  |  | 1 |  |  |  | 29 |  |  |  | 30 |
Total property expenses |  | $ | 1,145 |  |  | $ | 2,989 |  |  | $ | 4,134 |  |  | $ | 730 |  |  | $ | 756 |  |  | $ | 1,486 |
Schedule of Total Assets By Segment | The following table details our total assets by segment as of December 31, 2024, and 2023 (amounts in thousands): Schedule of Total Assets By Segment
|  | December 31, |
|  | 2024 |  |  | 2023 |
Commercial Segment |  | $ | 97,358 |  |  | $ | 98,711 |
Mixed-use Segment |  |  | 395,642 |  |  |  | 265,301 |
Other non-segment assets (1) |  |  | 24,591 |  |  |  | 18,105 |
Total assets |  | $ | 517,591 |  |  | $ | 382,117 |
| (1) | Other non-segment assets primarily consist of cash and cash equivalents not attributable to specific reportable segments.

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