Sell Lightstone Value Plus REIT I Shares

INVESTMENT OVERVIEW

Lightstone Value Plus REIT I

Lightstone Value Plus REIT I, Inc. is a non-traded real estate investment trust sponsored by The Lightstone Group. The company invests in commercial and multifamily residential real estate and other real estate-related investments across the United States.

Because the shares are not listed on a national securities exchange, shareholders do not have the same continuous liquidity available with publicly traded REITs. Liquidity may depend on the company's limited share repurchase program, transfer requirements, and potential secondary market demand.

INVESTMENT SNAPSHOT

Lightstone REIT I At A Glance

*As of August 7, 2026. **Weighted average repurchase price for the six months ended June 30, 2026; this is not a current secondary market value.

SHARE REPURCHASE PROGRAM

Lightstone REIT I Provides Limited Company-Sponsored Liquidity

According to Lightstone Value Plus REIT I's June 30, 2026 Form 10-Q, its share repurchase program currently accepts redemption requests in connection with a shareholder's death or certain hardship circumstances.

The program limits annual death redemptions to 1.0% of the number of common shares outstanding at the end of the preceding year and hardship redemptions to 0.5%. Eligible requests are generally expected to be processed quarterly and may be prorated if requests exceed the applicable limits.

The board may amend or suspend the program at its discretion. For the six months ended June 30, 2026, the company repurchased 158,222 common shares at a weighted average price of $11.31 per share.

SECONDARY MARKET LIQUIDITY

Can Lightstone Value Plus REIT I Shares Be Sold?

Potentially. Since Lightstone REIT I shares do not trade on a national securities exchange, shareholders seeking liquidity outside the company's limited repurchase program may evaluate a privately negotiated or secondary market transaction.

A potential transaction can depend on ownership type, transfer restrictions, available documentation, position size, buyer qualifications, and current market demand.

Investors can learn more about selling non-traded REIT shares, the secondary market for non-traded REITs, and how to sell a non-traded REIT.

PORTFOLIO

Current Real Estate Holdings

As of June 30, 2026, Lightstone REIT I reported ownership interests in two consolidated operating properties and interests through three unconsolidated joint ventures.

Its reported investments included the 303-room Lower East Side Moxy Hotel in Manhattan, Gantry Park Landing in Queens, a nine-property multifamily portfolio in the Columbus, Ohio metropolitan area, approximately 151 acres of land in Spartanburg, South Carolina, and an interest in a portfolio of five limited-service hotels.

Portfolio composition, property performance, financing, and joint-venture structure may all influence how potential buyers evaluate the investment.

DEBT & FINANCIAL CONSIDERATIONS

Factors That May Affect Marketability

As of June 30, 2026, Lightstone REIT I reported total borrowings of approximately $222.2 million, representing 113% of net assets as defined under its charter.

Potential secondary market buyers may consider debt levels, maturity schedules, property operating performance, distributions, joint-venture obligations, portfolio concentration, and the company's future liquidity strategy when evaluating a position.

These factors can cause a potential secondary market transaction value to differ from values shown on account statements or values used for company-sponsored repurchases.

VALUATION CONSIDERATIONS

Understanding Lightstone REIT I Share Value

Company Repurchase Value

The share repurchase program states that eligible death and hardship redemptions are purchased at the company's estimated net asset value per common share as of the date of actual redemption, subject to the program's terms and limitations.

Historical Repurchase Activity

The $11.31 weighted average price reported for repurchases during the first six months of 2026 is historical transaction information. It should not be treated as a current market price or as a guarantee of what another shareholder could receive.

Secondary Market Value

A secondary market transaction price may differ from estimated NAV, account statement values, or company repurchase values. Market demand, transferability, position size, investment fundamentals, and transaction timing can all affect potential pricing.

DOCUMENTATION

Information Commonly Requested For Review

A recent brokerage or custodian statement showing the Lightstone Value Plus REIT I position is generally the most useful starting point for a Confidential Investment Review.

Additional documentation may be requested depending on the number of shares, ownership registration, account type, custodian requirements, and transfer procedures that apply to the position.

CONFIDENTIAL INVESTMENT REVIEW

Explore A Potential Liquidity Option

Alternative Investment Liquidity reviews Lightstone Value Plus REIT I positions on a case-by-case basis to determine whether a potential secondary market liquidity opportunity may exist.

The review can include ownership structure, transferability, current company-sponsored liquidity, investment fundamentals, documentation, and prevailing buyer demand.

Requesting a review does not obligate an investor to sell. Request a Confidential Investment Review to begin.

IMPORTANT CONSIDERATIONS

Company Repurchases And Secondary Market Sales Are Different

AIL is not affiliated with Lightstone Value Plus REIT I, Inc. or The Lightstone Group. A company-sponsored repurchase and an independent secondary market transaction involve different parties, terms, pricing, eligibility requirements, and transfer procedures.

Shareholders should review current company materials and consult their financial, legal, or tax professionals as appropriate before making a liquidity decision.