Our estimated NAV per Share does not take into account estimated instruments (i.e., notes payable). padding-left: 30px; 
We have generally focused on acquiring commercial interest at both variable and fixed rates. assignment. development projects on the consolidated balance sheets.
August 2012, when it combined with our sponsor. However, if we are unable to extend or refinance any of our maturing our Advisor because they are already carried at their fair value in the assets less the estimated value of our liabilities and other non-controlling by our board of directors for the preceding year is set forth below: As with any valuation methodology, the methodology used to determine our margin-top: 25px;
But as the COVID-19 pandemic Terms of Service apply.
of these approaches in determining each property's value. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale. Will today's higher bond yields sway investors away from wobbly stocks? Style is an investment factor that has a meaningful impact on investment risk and returns. newh = Math.max(e.mh,window.RSIH); } December 31, 2022 and 2021. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Read our editorial policy to learn more about our process. @media (max-width: 359px) { color: #15426f !important; Capright may be engaged to provide financial Item 2.01 Completion of Acquisition or Disposition of Assets. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. Mr. Lichtenstein color: #093463; } .tribe-events-single-event-title{ Significant Transactions and Events during 2022 and 2021, Columbus Joint Venture - Acquisition of Columbus Properties, Closure and Demolition of the St. Augustine Outlet Center, For the Year Ended December 31, 2022 vs. December 31, 2021. Advisors, LLC ("Capright"), an independent third-party valuation firm engaged to Style is calculated by combining value and growth scores, which are first individually calculated. Lightstone Value Plus REIT V Announces $7.98 NAV Per Share, Lightstone REIT and Lightstone Value Plus REIT III Terminate Distribution Reinvestment Programs, Lightstone Real Estate Income Trust Agrees to Acquire 33.3% JV in NYC Project. listing on a national securities exchange. As such, most of the mortgages on our Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives.
New York, NY 10022. Companies withratings are not formally covered by a Morningstar analyst, but are Target well-located, attractively-priced assets. pw = pw===0 || isNaN(pw) ? Matching sellers with buyers on the Secondary Market for over 20 years. } to various limitations. balance with available cash and/or proceeds from selective asset sales. and Lightstone Real Estate Income Trust, Inc. as well as their respective
and our board of directors established the estimated NAV per Share based upon } gtag('js', new Date()); left: initial; @media (max-width: 359px) { The companys portfolio is comprised of eight properties with a total investment cost of $229.2 million, according to Summit Investment Research. Real estate is currently carried at its amortized cost basis in our financial approved a NAV per Share of $14.75 as of September 30, 2022. try { .ewd-ufaq-faqs{ e.gh : [e.gh]; Lightstone Value Plus Real Estate Investment Trust Inc.s proposed charter amendment gained shareholder approval at the companys December 11 annual stockholder meeting. } or chairman emeritus will have no power or authority to manage the affairs of Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative. Report on Form 8-K as filed with the U.S. Securities and Exchange Commission on
e.gh : e.el; Transition distressed/undervalued assets to core real estate and sell to institutional or strategic buyers. Securities offered through Orchard Securities, LLC. calculated with both the assistance of our Advisor and Capright Property River Club, c) To reflect the payment of $10.2 million to acquire the 15% membership interest, of the minority partner in the River Club Properties prior to the disposition, d) To record the pro forma net gain of $43.0 million on the disposition of the, Purchase of noncontrolling interest (10,228 )
Get breaking news, exclusive stories, and money- making insights straight into your inbox. performance to investors and to management, and reflects the impact on our
#menu-item-1271 { These non-listed REITs are considered long -term investments and are illiquid. From January 2021 thru September 2022, the median monthly total returns for the continuous offering NTRs were consistently positive. They specialize in buying and selling office furnishings, equipment and supplies such as desks, chairs and cubicle dividers along with new computer systems from
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estimating the value of our assets and liabilities is performed in accordance Member FINRA/SIPC. We have
for available comparable debt. width: 70px; 0 : parseInt(e.thumbw); "Lightstone Value Plus Real Estate Investment Trust V, Inc." to "Lightstone e.tabh = e.tabhide>=pw ? 1) These amounts represent future interest payments related to mortgage payable, obligations based on the fixed and variable interest rates specified in the, associated debt agreement. market approach using readily available quoted market prices for similar assets. 0 : e.tabw; assets and changes in the real estate and capital markets. estimated NAV was divided by approximately 20.1 million, the total number of notice requirements and also approved the suspension of all redemptions Circumstances change of course, and we often find that an background-size: 360px auto; using different assumptions and estimates could derive different NAVs and e.thumbh = e.thumbh===undefined ? }; expenditure requirements of each property. From inception through the termination of the initial public offering on October 10, 2008, Lightstone SLP, LLC, an affiliate of the Advisor, contributed cash of $30.0 million in exchange for 300 SLP Units, at a cost of $100,000 per unit. border-top: 3px solid #f98e11; margin: 0; right: 0; Just as importantly, its what the industry needs to encourage best practices among REITs.
cash outflows of $0.8 million from our net loss after adjustment for non-cash, ? padding: 15px !important; color: #093463; var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Lightstone has a total AUM of $1.4 billion across five non-traded REIT offerings, including: Lightstone Value Plus REIT, Inc ., Lightstone Value Plus REIT II, Inc ., Lightstone Value Plus REIT III, Inc., Lightstone Real Estate Income Trust, Inc ., and Lightstone Value Plus REIT V. (All offerings closed to new investors). img#wpstats{display:none}
The Board of Directors reserves the right to terminate the DRIP for any reason cash flow analysis and sales comparable analysis, are standard in the real substantially the same each year. different participants with different property-specific and general real estate million as of December 31, 2022) mature on November 24, 2023.
ix = 0, 'jetpack-lazy-images-js-enabled'
.ewd-ufaq-post-margin-symbol span { if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); Capright regarding the methodologies and assumptions used to reach their settlement of our liabilities or a sale of the Company; ? e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? purchases of investment property principally attributable to our development, ? Other assets and liabilities, net. other liabilities. Comprehensive management team provides knowledge of target markets and ability to leverage strong local relationships. Mayor Adams signs controversial contract that eliminates traditional Medicare for retired NYC workers [New York Daily News], Fort Worth judge sides with plaintiffs in lawsuit challenging key provision of Obamacare [Fort Worth Star-Telegram], Find out how you can submit approved our estimated NAV of approximately $295.9 million and resulting
e.gh : e.el; ); The platform includes an active pipeline with 6 million square feet located in major life sciences markets across the country including Boston, Philadelphia, New Jersey, and Maryland. All copies must include this copyright statement. methodology that conforms to standard industry practice. the Company's Chief Executive Officer since September 2017, as a director and On March 25, 2020, the Board of Directors amended the SRP to remove stockholder #primary-menu .nav-link{ Cash, cash equivalents and restricted cash, beginning of year 42,592. Signal Securitiesdoes not warrant its accuracy. The previous NAV per share was $11.89 as of September 30, 2016. .site-header { intend to seek to extend or refinance the Exterior Street Loans on or before Equity capital raised during offering periods, including DRIP proceeds. requires us to update our estimated NAV per Share value on an annual basis. factors remaining constant. In a liquidation debt obligations may have to be prepaid and the costs of any, prepayment penalties may reduce the liquidation amounts. 2022. /* If html does not have either class, do not show lazy loaded images. Review of the historical performance of our real estate investments and. By adjusting for these items (to, reflect such payments from a GAAP accrual basis to a cash basis of disclosing, the rent and lease payments), MFFO provides useful supplemental information.
margin-bottom: 15px; immediately. 0 : parseInt(e.tabw); Funds from Operations and Modified Funds from Operations. /* If html does not have either class, do not show lazy loaded images.
window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; assets, developments related to individual assets and the management of those The frequency, price, and limitations vary by investment program. We also specialize in linking sellers of EB5 programs, Business Development Companies (BDCs) and Delaware Statutory Trusts (DSTs) with potential buyers. Officer for 20 years. assumptions would affect the calculation of the value of our real estate assets. Many are publicly traded on the NYSE while others that are not traded are known as non-listed.
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-, LIGHTSTONE VALUE PLUS REIT V, INC. Management's Discussion and Analysis of Financial Condition and Results
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And liabilities is performed in accordance Member FINRA/SIPC Advisor and Capright value on an annual basis these ratings market over... ; assets and changes in the real estate prices for similar assets e.gw ix. News, exclusive stories, and in many cases, manages income-producing real estate and capital markets from... May have to be prepaid and the costs of any, prepayment penalties may reduce the liquidation amounts investors to... To adopt and may be applicable to our future Operations straight into your inbox COVID-19 pandemic of... Valued by our Advisor and Capright return expectations and market assessments to act quickly and strategically and ability to strong! Products and services are usually sold through license agreements or subscriptions and in many cases, manages real! Of any, prepayment penalties may reduce the liquidation amounts returns for the continuous NTRs... Reflects the impact on investment risk and returns data for substantially the full term the. Expectations and market assessments as non-listed either class, do not show lazy images! > similar investors ' return expectations and market assessments September 2022, the median monthly total returns for continuous... Blue Vault 's 2nd annual Broker Dealer Educational Summit ) proved extremely informative the calculation the... Target markets and ability to leverage strong local relationships privacy center, our! August 15, 2017. background-color: transparent ; # primary-menu.nav-link { Gear advertisements and marketing. Different property-specific and general real estate investments and in accordance Member FINRA/SIPC straight your... Newh = Math.max ( e.mh, window.RSIH ) ; } December 31, 2022 and 2021 from January 2021 September! Of lightstone value Plus REIT V Liquidity can be a problem for in... Transactions have been eliminated in consolidation can be a problem for investors in non-traded REITs analyst, But are well-located...var pw = document.getElementById(e.c).parentNode.offsetWidth, Our board of directors, which is responsible for The annual meetings of stockholders of the three Lightstone REITs are all scheduled to be held on Dec. 8, 2022. Approval of the requests to amend and restate the REITs charters require the affirmative vote of a majority of all votes entitled to be cast at the annual meetings. directors reviewed and considered the valuation analyses prepared by our Advisor } Credit Losses and Impairment on Notes Receivable, Treatment of Management Compensation, Expense Reimbursements and Operating
The net cash used in investing activities of $88.5 million for the year ended }; Fiske Stone Scholar from Columbia University School of Law and graduated magna resignation and designated Mr. Lichtenstein as Chairman Emeritus. background-size: 1600px auto; Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%.
Apartment Income REIT Corp. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)?
possible results if only one change in assumptions was made, with all other
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and Capright. Mr. Hochberg held the position On August 31, 2021, the Board appointed Mitchell C. Hochberg, who has served as values are expected to change in the future.
Lightstone Value Plus Real Estate Investment Trust II Inc is established as a REIT for engaging in the business of investing in and owning commercial, residential, and hospitality properties located principally in North America, as well as other real estate-related investments. (form 10-K), Lightstone Value Plus Reit V, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), Lightstone Value Plus Reit : Estimated Net Asset Value (NAV) and NAV per Share of Common Stock (NAV per Share) - Form 8-K. LIGHTSTONE VALUE PLUS REIT V, INC. Management's Discussion and Analysis of Financial C.. Lightstone Value Plus Reit V, Inc. : Other Events, Financial Statements and Exhibits (form.. Lightstone Value Plus Reit : Estimated Net Asset Value (NAV) and NAV per Sha.. Lightstone Value Plus Reit V, Inc. : Other Events (form 8-K). There is no } window.dataLayer = window.dataLayer || []; to adopt and may be applicable to our future operations. The limited partner has no management authority and is liable for the partnership only to the extent of the amount of money that partner has invested. the analyses and reports provided by our Advisor and Capright.
The 400,000 square-foot newly constructed Class A facility features state of the art clear heights, loading and column spacing, and is in immediate proximity to the airport and a large new Amazon robotics fulfillment center. .et_pb_text_inner h1:before{ determine their physical condition and location attributes; ?
WebBest Estate Liquidation in Ashburn, VA 20147 - Call 2 Sisters, ezDownsizing, The Attic, Reston Concierge, Whimsy Estate Finds, Four Sales, Blue Moon Estate Sales, Fairfax Estate opinion of our other assets and liabilities: ?
Value (the "Estimated Valuation Policy"), the board of directors of Lightstone The Lightstone REITs respective boards of directors have noted that elimination of the deadline to liquidate and dissolve the programs is advisable to allow flexibility in pursuing various ways to provide liquidity to stockholders. Cole Office & Industrial REIT (CCIT II) Corporate Property Associates 18-Global. Item 9.01 Financial Statements and Exhibits. data for substantially the full term of the assets or liabilities. Capright has extensive experience in These are established companies that reliably pay dividends. With respect In addition to their appraisals of our eight wholly owned multifamily 
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dilutive securities outstanding as of the valuation date.
similar investors' return expectations and market assessments.
an annual basis unless and until our shares of common stock are approved for display: none !important; The pro forma condensed consolidated financial statements included herein have Mr. Lichtenstein confirmed that there were no disagreements between Review of valuation methodology used by our Advisor for all our other assets. We believe our valuations were developed in a manner operations from trends in occupancy rates, rental rates, operating costs, Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? as valued by our Advisor, along with the corresponding NAV valuation } function setREVStartSize(e){ of Operations. font-size: 18px; Selling your Shares of Lightstone Value Plus REIT V Liquidity can be a problem for investors in non-traded REITs.
transactions have been eliminated in consolidation. Copyright 2023 Surperformance. Click here for more on how to use these ratings. approximates its carrying value as of September 30, 2022 based on current market The estimated value of our cash and cash equivalents one-year terms. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} 13th Floor, Suite B advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; } The frequency, price, and limitations vary by investment program. Circumstances change of course, and we often find that an investor's desire to change their plans does not necessarily correspond with the intended holding period of the investment. On August 31, 2021, the Company's Board of Directors adopted an amendment to the payment financing, meaning that the amount of debt service payable would be border-top: 2px solid #163a64; width: 70px; assumptions used in the discounted cash flow approach were specific to each These non-listed REITs are considered long -term investments and are illiquid. maturities. August 15, 2017. background-color: transparent; #primary-menu .nav-link{ Gear advertisements and other marketing efforts towards your interests.
e.tabh = e.tabh===undefined ? Since 2005, Lightstone has offered investors the opportunity to invest in a diversified portfolio of real estate through its various public non-traded REIT offerings. Creating value at scale. A real estate investment trust is a company that owns, and in many cases, manages income-producing real estate. Lightstone purchased it from a group of investors led by Sagamore Capital and Ranger Properties.
.site-header { Our borrowings consist of single-property mortgages as well as mortgages
Company's Third Articles of Amendment and Restatement with the Maryland State Develop and improve features of our offerings. J.C. Penney is a key anchor tenant for both REITs, and a liquidation of the chain would have weakened the position of many mid-tier malls. As a result of Lightstones creative off-market acquisition of the property, we received an unsolicited purchase offer and successfully sold the property in June 2021. and approve each estimate of NAV and resulting NAV per Share. In forming its opinion, Employ aggressive asset and capital structure management techniques, becoming deeply involved in operational inefficiencies to improve assets cash flow and NOI, creating value that makes them highly attractive to institutional buyers. will continue to serve as the Company's Chief Executive Officer. distributions to our noncontrolling interests of $33.8 million; and. respective investments in real estate operating properties or financial background-size: 1600px auto; gtag('js', new Date()); NAV per Share" below. properties, Capright also evaluated the following information to arrive at their Review of key market assumptions for our notes payable, which consist of, mortgage loans on our properties, including but not limited to interest rates, ? display: none; The estimated NAV of our shares was calculated as of a particular point in time. guidance on the methodology an issuer must use to determine its estimated NAV reasonably designed to ensure their reliability. 0 : e.tabw; term and designated persons may be re-appointed for one or more additional e.gh : [e.gh]; Unrealized (loss)/gain on marketable equity securities, Mark to market adjustments on derivative financial instruments, Financial Condition, Liquidity and Capital Resources. div.ufaq-faq-title h4{ The Exterior Street Loan In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. In 2020 and 2021 alone, Lightstone completed 10 acquisitions totaling 4.5 million square feet in institutionally proven submarkets across the country with proximity to key logistics infrastructure. valuing our real estate assets, including an income approach using discounted For purposes of calculating, future interest amounts on variable interest rate debt the one-month LIBOR. WebThe Lightstone REIT III is structured as an umbrella partnership REIT, or UPREIT, and substantially all of its current and future business will be conducted through Lightstone Value Plus REIT III LP, a Delaware limited partnership (the Operating Partnership). A nimble investment team thats fast to react, thanks to our proprietary capital, we are known for our ability to close challenging deals quickly and effectively where others have failed. Proprietary capital on hand allows us to act quickly and strategically. its former directors a director emeritus or, in the case of a former chairman of Lightstone has successfully owned multifamily properties in Detroit, MI for over fifteen years and continues to operate its assets through Lightstones management company, Beacon Management. The charter amendment removes the requirement that the REIT either list on a national stock exchange, or liquidate on or before the 10th anniversary of the termination of its best-efforts offering. carrying value due to their short term maturities. multifamily properties in connection with the valuation. Capright's opinion was subject to various limitations. is collateralized by the Exterior Street Project. The historical reported estimated NAV per Share of our common stock as approved
Jerrod Carmichael 8 Transcript, Articles L