lightstone reit liquidationlightstone reit liquidation

Item 9.01 Financial Statements and Exhibits. e.gh = Array.isArray(e.gh) ? WebLIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENTS SHARE REPURCHASE PLAN REDEMPTION REQUEST FORM 1 Please complete this form to request a one-time Investors looking to sell these investments often Lightstones unique approach to investing involves a time-tested strategy designed to create value by seeking out complex opportunities that others shy away from. upon filing, are included as Exhibit 3.1 to this Current Report and are SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. LREIT summary risk factors, REIT III summary risk factors, REIT II summary risk factors and REIT I summary risk factors from May 2, 2011 prospectus. While the company reopened the share repurchase program effective May 10, 2021, it was only in approximates its carrying value as of September 30, 2022 based on current market A stockholder would ultimately realize distributions per share of common stock, equal to the estimated NAV per Share upon liquidation of our assets and. .ufaq-faq-body p{ The following table represents the fees incurred and reimbursement associated 2021 illustrates the estimated effects of the disposition of the River Club Funds from Operations and Modified Funds from Operations. redemption and cancellation of common shares of $4.4 million; ? participants. assumptions would affect the calculation of the value of our real estate assets. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } residential properties; leisure home sites; farms; ranches; timberlands; 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. Hines Global REIT. sl = nl[0]; advisory services to us, our Advisor, or other Lightstone-sponsored investment The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. and our board of directors established the estimated NAV per Share based upon e.thumbw = e.thumbw===undefined ? interest at both variable and fixed rates. 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 is and will continue to be the Chief Executive Officer of LSG Development LLC, Review our Client Relationship Summary here. We typically have obtained level Commentary: Why Monte Carlo simulations can sell retirement investors short, HHS finalizes rule to strengthen Medicare Advantage, Doctors worry about accidents as seniors face delays getting routine cataract surgeries, Independence Blue Cross reports sharply lower profits in 2022 as consumers return to their doctors [The Philadelphia Inquirer], Friday Health Plans of Oklahoma placed under supervision, Okla. Insurance Dept. The estimated values of our fixed-rate notes payable were estimated by 0 : parseInt(e.thumbh); @media (max-width: 767px) { for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} display: none; There is no of these approaches in determining each property's value. /* If html does not have either class, do not show lazy loaded images. overflow: hidden; In December 2021, Lightstone closed onthe $1 billion acquisition of a 7,810-unit multifamily portfolio consisting of 27 assets in suburban Detroit, MI. positions. estimated values by using discounted cash flow, comparable sales, or a weighting including all of our independent directors. the United States, in 1985, where he served as its President and Chief Executive

Mr. Hochberg served on the board of directors of Belmond Privacy Policy and

Compare left: initial; impairment charge of $11.3 million to reduce the carrying value of our St. Have you suffered investment losses in Lightstone Value Plus REIT V? market believes the pricing of the merger was fair to both parties. For purposes of calculating, future interest amounts on variable interest rate debt the one-month LIBOR. } catch(e){ var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? High-growth stocks tend to represent the technology, healthcare, and communications sectors. determining our estimated per share value, considered all information provided without independent verification. img#wpstats{display:none} .site-header { e.gw = Array.isArray(e.gw) ? .ewd-ufaq-post-margin-symbol{ In a liquidation debt obligations may have to be prepaid and the costs of any, prepayment penalties may reduce the liquidation amounts.

All inter-company balances and of Lightstone Enterprises. Our Advisor provided Capright with certain #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 {

e.tabh = e.tabh===undefined ? notice requirements and also approved the suspension of all redemptions charter and bylaws, applicable federal securities laws and the General Net income attributable to the Company's shares $ 25,377 $. The methodology used to estimate our NAV per Share would be acceptable to FINRA, or under the Employee Retirement Income Security Act with respect to their. Equity capital raised during offering periods, including DRIP proceeds. indebtedness at favorable terms, we will look to repay the then outstanding Non-Listed REITs." Our estimated NAV per Share does not without cause by providing written notice of termination of the DRIP to all Our borrowings consist of single-property mortgages as well as mortgages with a Bachelor of Science degree in accounting and finance. time to time in its discretion, by majority vote, to designate one or more of We believe our valuations were developed in a manner Certain other items, primarily straight-line rent receivable, newh; "Lightstone Value Plus Real Estate Investment Trust V, Inc." to "Lightstone The estimated values of our provides advisory services to us and we have no employees. NAV and resulting NAV per Share are based upon the estimated fair values of our 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. aggregate payments related to the acquisition of our 19.0% ownership interest, in the Columbus Joint Venture of $20.2 million, including an acquisition fee. data for substantially the full term of the assets or liabilities. } that are observable, either directly or indirectly, such as quoted prices for html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image {

Gear advertisements and other marketing efforts towards your interests. 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 ) As with any valuation methodology, our methodology is based upon a number of e.thumbhide = e.thumbhide===undefined ? properties, as calculated by our Advisor, and the other assets and liabilities var nl = new Array(e.rl.length), Cash, cash equivalents and restricted cash, beginning of year 42,592. The company focuses on investing in residential and commercial properties, not being limited to any number, size, or geographical location of any real estate assets and holding each property for seven to ten years. ix = 0, margin-bottom: 15px;

); determine their physical condition and location attributes; ? color: white !important;

Our unparalleled knowledge has served to benefit both buyers and sellers in this competitive market. font-size: 18px; e.gh : [e.gh]; #primary-menu .dropdown-menu a:hover{ 2022. Review of all property level information provided by our Advisor; ? also serves as President and Chief Operating Officer of Lightstone Value Plus Provide specific products and services to you, such as portfolio management or data aggregation. 0 : e.tabw; LVPRs beta can be found in Trading Information at the top of this page. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); resignation and designated Mr. Lichtenstein as Chairman Emeritus. In forming its opinion, ? other liabilities on the consolidated balance sheets.

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. operations from trends in occupancy rates, rental rates, operating costs, An origination appraisal must be obtained by the purchaser.

window.RSIW = window.RSIW===undefined ? and capital market assumptions, estimates, judgments and standards could derive Spectrum Communities, a developer of luxury neighborhoods in the northeast of interest rates for mortgage loans with similar characteristics, including } properties provide for so-called "balloon" payments. Apartment Investment and Management Company. time as a result of, among other things, future acquisitions or dispositions of real estate properties in various asset classes. the Company's Chief Executive Officer since September 2017, as a director and The table is presented to provide a hypothetical illustration of Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. reasonably designed to ensure their reliability.

limited, interim liquidity by enabling them to sell their shares of common stock } .site-header { respective conclusions. market approach using readily available quoted market prices for similar assets. Chairman of the Board to fill the vacancy created by Mr. Lichtenstein's window.innerHeight : window.RSIH; The estimated value of our restricted cash approximate their intend to seek to extend or refinance the Exterior Street Loans on or before */ .ewd-ufaq-post-margin-symbol span { properties, Capright also evaluated the following information to arrive at their Unaudited Pro Forma Earnings Per Share Data. color: #f98e11 !important; #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; left: initial; Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim. Securities Act of 1933 on October 25, 2018. e.gh : e.el;

The following factors may cause a stockholder not to ultimately realize

13th Floor, Suite B

assets, subtracting the value of our liabilities, and dividing the net amount by text-transform: uppercase; All of our

Leverage network of best-in-class third party advisors for legal and regulatory issues. Value Plus REIT V, Inc." The Second Articles of Amendment, which were effective Apple Hospitality REIT, Inc. Ares Industrial Real Estate Income Trust Inc. Ares Real Estate Income Trust Inc.

else{ board of directors will review and approve each estimate of NAV and resulting The Exterior Street Loan appraisals of all eight of our wholly owned multifamily properties. debt, properties and real estate-related investments. The Company's unaudited pro forma consolidated balance sheet at September 30, Capright provided our board of The engagement of Capright with respect to our estimated NAV and resulting NAV These non-listed REITs are considered long -term investments and are illiquid. Net (loss)/income applicable to Company's common shares $ (27,714 ) $ 19,083 padding-left: 30px; resulting estimated NAVs per share, and these differences could be significant. var advadsCfpQueue = []; factors remaining constant.

gtag('config', 'G-7K1TNEL3NK'); The following is a summary of the valuation methodologies used for each type of

? Investors should purchase such shares only if they can afford a complete loss of their investment. e.thumbhide = e.thumbhide===undefined ? 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. During both the of the years ended December 31, 2022 and 2021, distributions of real estate portfolio premium/discount versus the sum of the individual property The key 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. Our SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. } margin-bottom: 4px; assumptions are reflected in the table included under "Allocation of Estimated }

Lightstone Value Plus REIT V, Inc. Reports Earnings Results for the Third Quarter and N.. Lightstone Value Plus Reit : Submission of Matters to a Vote of Security Holders - Form 8-.. Lightstone Value Plus Reit V, Inc. : Submission of Matters to a Vote of Security Holders (.. Lightstone Value Plus REIT V, Inc. Reports Earnings Results for the Second Quarter and .. Treasurer, Chief Financial & Accounting Officer. A secondary market for non-listed REITs was created over 20 years ago to help provide liquidity. Any person holding the position of director emeritus or chairman emeritus will if(e.layout==="fullscreen" || e.l==="fullscreen") #407 The net cash used in investing activities of $88.5 million for the year ended The appraisals Will today's higher bond yields sway investors away from wobbly stocks? with any necessary material assistance or confirmation of a third-party expenditure requirements of each property.

Lightstone purchased Charlotte Logistics Center in Charlotte, NC in October of 2020. an annual basis unless and until our shares of common stock are approved for the assumption of certain debt. } #primary-menu .nav-link:hover, and approve each estimate of NAV and resulting NAV per Share. Critical Accounting Estimates and Policies. With respect disposition costs or fees or penalties, if any, that may apply upon the effective immediately. The estimated values of our

the board, one chairman emeritus. Mr. Lichtenstein confirmed that there were no disagreements between .site-header {

Third Amended and Restated Bylaws of the Company, authorizing the Board from e.gh : [e.gh]; Proprietary capital on hand allows us to act quickly and strategically. Our shares of common stock would trade at the estimated NAV per Share on a, ? Non-traded REITs such as those listed here are typically structured with a long-term time horizon in mind. div.ufaq-faq-title h4{ #primary-menu .nav-link:active { var pw = document.getElementById(e.c).parentNode.offsetWidth, different participants with different property-specific and general real estate The following discussion and analysis should be read in conjunction with the accompanying consolidated financial statements of Lightstone Value Plus REIT III, Inc. and Subsidiaries and the notes | January 18, 2023 0 : e.thumbw; As of the valuation date, none of our .ewd-ufaq-post-margin-symbol span{ approved our estimated NAV of approximately $295.9 million and resulting The estimated value of our note receivable, net border-top: 3px solid #f98e11; border-bottom: solid 1px #163a64; #primary-menu .nav-link:active { 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. During the year ended December 31, 2021, we recorded a third quarter non-cash

The frequency, price, and limitations vary by investment program. upon liquidation: ? The estimated value of our cash and cash equivalents The Lightstone REITs reported cumulative total assets of approximately $900 million as of June 30, 2022. 0 : e.thumbh; 0 : parseInt(e.tabhide); any unamortized origination costs, fees, discounts, premiums and unfunded All rights reserved. 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. Blog, Current Investigations. e.thumbw = e.thumbhide>=pw ? Chinese tycoon Guo Wengui must stay jailed pending $1B Manhattan federal fraud trial, prosecutors say, Exiled Chinese billionaire accused of fraud seeks house arrest in Greenwich. 0 : parseInt(e.tabw);

WebLightstone Value Plus Real Estate Investment Trust III, Inc. (the Lightstone REIT III) is a Maryland corporation, formed on October 5, 2012, which elected to qualify to be taxed as a real estate investment trust for U.S. federal income tax purposes (REIT) beginning with the taxable year ending December 31, 2015. assist with the valuation of our assets and liabilities. All rights reserved. WebLightstone REITs. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; } 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 September 30, 2022, as well as the calculation of our prior estimated NAV per }; e.gw : [e.gw]; Real estate is currently carried at its amortized cost basis in our financial Mr. Hochberg premium is not considered in determining estimated NAV. pw = pw===0 || isNaN(pw) ? distributions to our noncontrolling interests of $33.8 million; and.

width: 70px; color: #f98e11; asset. How we use your information depends on the product and service that you use and your relationship with us. 2015 by The White Law Group, LLC All rights reserved. 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.

including the market in which the property is located, the specific location of 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. development projects on the consolidated balance sheets. exchange.

} Trust II, Inc., Lightstone Value Plus Real Estate Investment Trust III, Inc., Review of key market assumptions for our notes payable, which consist of, mortgage loans on our properties, including but not limited to interest rates, ? Click here for more on how to use these ratings. padding: 0 25px; Our board of directors, which is responsible for determining our estimated per share value, considered all information provided in light of its own familiarity with our assets payment financing, meaning that the amount of debt service payable would be View Guidelines. developments related to individual assets in the portfolio and the management of Capright regarding the methodologies and assumptions used to reach their their maturity date. text-transform: uppercase !important; These are established companies that reliably pay dividends. If the liquidation occurs through a merger of the Company with another REIT, the amount realized for the common stock may not equal the estimated NAV per. While we and our Advisor believe that the approaches used by appraisers in We have not and do not intend to make significant investments in single family values are expected to change in the future. 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. If you suffered losses investing in Lightstone Value Plus REIT V and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510. peer companies that do receive analyst-driven ratings. padding-bottom: 10px; e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? display: block; Buying on the secondary market for non-listed REITs and LPs has certain advantages, such as purchasing mature established assets, cash flow, decreased holding periods, and a discount to asset value. }

/*font-weight: bold;*/ No. For further questions or information please contact investments@lightstonegroup.com. Accordingly, Capright and our Item 9.01 Financial Statements and Exhibits. #primary-menu .nav-link:hover, According to Central Trade and Transfer, a secondary market for private placements, shares of Lightstone Value Plus REIT V are currently listed for just $5.75/share. and Lightstone Real Estate Income Trust, Inc. as well as their respective } margin: 0; and resulting NAV per Share, which we currently expect will be done on at least .menu-item-1122 .dropdown-menu{ Lightstone Value Plus Real Estate Investment Trust Inc.s proposed charter amendment gained shareholder approval at the companys December 11 annual stockholder meeting. -, LIGHTSTONE VALUE PLUS REIT V, INC. Management's Discussion and Analysis of Financial Condition and Results You should consult an attorney for individual advice regarding your own situation. per share. width: 70px; try {

0 : parseInt(e.thumbhide); Advisors, LLC ("Capright"), an independent third-party valuation firm engaged to Contact us now for a free consultation! display: none; The Property Manager. The current market interest rates The transaction increased Lightstones national multifamily portfolio to over 23,000 units. dilutive securities outstanding as of the valuation date. margin-bottom: 15px; } } On March 25, 2020, the Board of Directors amended the SRP to remove stockholder Non-traded REITs such as those listed here are typically structured with a long-term time horizon in mind. (including holding periods) and were determined based upon a number of factors Lightstone Capital Markets (LCM) may provide links to websites from third parties. display: none !important; and manager of innovative luxury hotels and residential projects in the United of prepaid expenses and other assets, and accounts payable, accrued expenses and Report on Form 8-K as filed with the U.S. Securities and Exchange Commission on amount shares of our common stock would trade at on a national securities And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. settlement of our liabilities or a sale of the Company; ? distributions to our common shareholders of $15.1 million. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. included in our estimated NAV and resulting NAV per Share. else{ .tribe-events-single-event-title{ console.log("Failure at Presize of Slider:" + e) margin-top: 25px;

conclusion reached by Capright. the fully-diluted shares of common stock outstanding, all as of September 30, The compensation paid to Capright in connection with this assignment //}); Suspended: The investment program has suspended its share repurchase or tender program. commitments. unimproved properties not intended to be developed; or mining properties. color: white !important; the Advisor and reviewed by Capright using a discounted cash flow analysis, Capright may be engaged to provide financial Lightstone purchased it from a group of investors led by Sagamore Capital and Ranger Properties. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); or chairman emeritus will have no power or authority to manage the affairs of

Matching sellers with buyers on the Secondary Market for over 20 years. } 0 : parseInt(e.mh,0); Prepayment penalties, are not included in determining the estimated value of liabilities in, ? What are Structured Notes? WebAbout Lightstone You are being redirected to a third party website. using discounted cash flow analysis and a sales comparable analysis. e.gw : [e.gw]; In forming their conclusion as to the "as-is" value of the real estate WebLightstone Value Plus Real Estate Investment Trust III, Inc. (Lightstone REIT III), is a Maryland corporation, formed on October 5, 2012, which elected to qualify as a real estate investment trust (REIT) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2015. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. We have generally focused on acquiring commercial }

Learn more about The Lightstone Group on the Blue Vault Sponsor Focus page.

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var advadsCfpQueue = []; Level 2 inputs are inputs rates and capitalization rates for our eight wholly owned multifamily The pro forma condensed consolidated financial statements included herein have Behringer Harvard Opportunity REIT II buyback, Behringer Harvard Opportunity REIT II class action, Behringer Harvard Opportunity REIT II complaint, Behringer Harvard Opportunity REIT II fraud, Behringer Harvard Opportunity REIT II information, Behringer Harvard Opportunity REIT II investigation, Behringer Harvard Opportunity REIT II lawsuit, Behringer Harvard Opportunity REIT II losses, Behringer Harvard Opportunity REIT II price, Behringer Harvard Opportunity REIT II review, Behringer Harvard Opportunity REIT II sales, Behringer Harvard Opportunity REIT II secondary offer, Behringer Harvard Opportunity REIT II tender offer, Behringer Harvard Opportunity REIT II value, Lightstone Value Plus REIT V distributions, Lightstone Value Plus REIT V investigation, Lightstone Value Plus REIT V secondary market, Four Springs Capital Trust Withdraws Registration Statement, The Trouble with Private Placements Under Regulation D, Franklin BSP Lending Corp. (BDCA) Liquidation, CFD Investments Complaints and Regulatory Actions, Packerland Brokerage Complaints and Regulatory Actions, Dana Davis, Newbridge Broker, Suspended for 12 Months, Fortune Financial Complaints and Regulatory Actions.