Lightstone Value Plus Real Estate Investment Trust V, Inc. (LVVP) is a real estate investment trust (REIT) that acquires and operates commercial real estate and real estate-related assets on an opportunistic and value-add basis. The company targets properties with significant capital appreciation potential, including those requiring development, redevelopment or repositioning; located in high-growth markets or submarkets; or available from distressed sellers facing time-sensitive deadlines; as well as real estate-related investments offering higher current income, such as mortgage and mezzanine loans. Since inception, it has invested in a diverse portfolio spanning office, industrial, retail, hospitality, multifamily residential and student housing properties, encompassing both existing income-producing assets and newly constructed developments; as of March 31, 2025, the company wholly owned and consolidated eight multifamily residential properties containing 2,480 apartment units, with all current investments located in the U.S. Substantially all business is conducted through its operating partnership, Lightstone REIT V OP LP.
Founded in 2007 as a Maryland corporation and qualifying as a REIT for U.S. federal income tax purposes, the company is headquartered at 1985 Cedar Bridge Avenue, Suite 1, Lakewood, New Jersey 08701. It operates within the diversified REIT sector, focusing on one operating segment centered on U.S. real estate opportunities. The company intends to hold properties until a sale or disposition aligns with its investment objectives, as determined by its board of directors.
Recent developments include the board's approval in early 2025 to allocate up to $2.0 million for share redemption requests in the first quarter, priced at 85% of the estimated per-share value of $13.49 as of December 31, 2024. As of December 31, 2024, the portfolio expanded to nine consolidated multifamily residential properties with 2,760 units, reflecting ongoing opportunistic acquisitions such as the prior BayVue Apartments in Tampa, Florida. The company maintains its value-add strategy amid market conditions, with management reporting financial results for quarters ended March 31, 2025, and earlier periods.