Investment Overview
Lightstone Value Plus REIT III
Lightstone Value Plus REIT III, Inc. is a Maryland REIT sponsored by The Lightstone Group and structured as an UPREIT through Lightstone Value Plus REIT III, L.P. Its investment history includes commercial real estate, hospitality assets, and real estate-related investments.
Lightstone’s current capital-markets materials identify the offering among programs closed to new investors. The company continues to file public reports, including a Form 10-Q filed May 14, 2026 for the period ended March 31, 2026.
Investment Snapshot
Lightstone Value Plus REIT III At A Glance
Lightstone Value Plus REIT III, Inc.
Public, Non-Listed REIT / UPREIT
Offering closed; limited liquidity
Lightstone Value Plus REIT III, L.P. operating partnership
SEC Form 10-Q filed May 14, 2026
Financial condition, transferability, valuation, distributions, and market demand
Trading And Liquidity
OTC References Do Not Create Exchange Liquidity
Market-data services may display an OTC quotation or symbol for Lightstone Value Plus REIT III. An OTC quotation is not the same as a listing on a national securities exchange and should not be assumed to provide a continuous, deep, or readily executable market for every shareholder.
Because the shares are not listed on a national exchange, practical exit options may depend on issuer procedures, transfer-agent processing, a private buyer, or another limited liquidity alternative. Any issuer-reported NAV or statement value is a reference as of a particular date, not a guaranteed sale price.
Portfolio And Financial Review
Underlying Assets And Obligations Matter
Lightstone REIT III filings describe investments in real estate and affiliated real estate entities, together with cash, marketable securities, receivables, liabilities, and operating-partnership interests. A review should consider the quality and liquidity of those assets rather than relying only on a per-share reference.
Debt, operating expenses, distributions, asset-level performance, related-party arrangements, and the timing of property dispositions can affect both reported value and the willingness of a private buyer to acquire shares.
Issuer Programs And Transfers
Current Program Terms Must Be Confirmed
Shareholders should review the latest SEC filings and company or transfer-agent materials for any active redemption, repurchase, tender, transfer, or other issuer-sponsored liquidity program. Program availability, if any, may be limited by eligibility, capacity, timing, account registration, and board-approved terms.
An issuer program is separate from a privately negotiated transaction. A private buyer may apply different documentation, pricing, settlement, and transfer requirements.
Research Considerations
What May Affect A Lightstone REIT III Review?
- Share count, registration, account type, and transfer restrictions
- Latest SEC financial statements and company communications
- Portfolio composition, debt, distributions, and operating performance
- Whether a redemption or issuer-sponsored liquidity program is open
- Private buyer demand, expected holding period, and transaction costs
For general context, see AIL’s guide to selling non-traded REIT shares, how to get out of a non-traded REIT, and the non-traded REIT secondary market.
Documentation And Marketability
Information Commonly Requested For Review
A recent statement can confirm number of shares, registration, custodian, and account type. Positions held in an IRA, trust, estate, LLC, partnership, or other entity may require additional ownership and transfer documents.
AIL’s review is case-specific and does not guarantee a purchase, valuation, or liquidity outcome. Investors can request a Confidential Investment Review.
Sources: Lightstone REIT information and Lightstone Value Plus REIT III SEC filing.
Every Opportunity
Is Reviewed Individually
Every Opportunity
Is Reviewed
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Investment Structure
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Transferability
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Documentation
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Market Demand
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
A Structured Review
Without Obligation
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Submit Information
Provide basic details regarding the investment position, ownership structure, and available documentation.
Review
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
Market Assessment
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
Discuss Options
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Can I sell Lightstone Value Plus REIT III shares?
Is Lightstone Value Plus REIT III exchange-listed?
Are Lightstone REIT III offerings still open?
Does reported NAV establish a sale price?
What documents are useful?
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Will a review result in an offer?
Ready To Request
A Confidential Review?
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST A CONFIDENTIAL REVIEW