Sell Lightstone Value Plus REIT V Shares

Investment Overview

Lightstone Value Plus REIT V

Lightstone Value Plus REIT V, Inc. is a public, non-listed REIT sponsored by The Lightstone Group. Its real estate program has included hospitality and other diversified real estate interests.

Lightstone’s current REIT materials state that its offerings are closed to new investors. Existing holders therefore need to distinguish between issuer-sponsored liquidity programs, published valuation references, tender terms, and the price a private buyer may be willing to pay.

Investment Snapshot

Lightstone Value Plus REIT V At A Glance

Valuation And Tender Activity

Issuer Prices Are Not Secondary-Market Prices

On November 6, 2025, the board approved an estimated NAV of approximately $306.4 million, or $16.56 per share, as of September 30, 2025. The company later filed an offer to purchase up to 2.2 million shares at $14.08 per share, with the offer document stating an expiration date of February 13, 2026 unless extended or withdrawn.

NAV was an issuer valuation as of a stated date, while $14.08 was an offer price under specific tender terms. Neither figure establishes the current private-market value of an individual position. A buyer may consider transfer restrictions, position size, expected holding period, market conditions, transaction costs, and current demand.

Share Redemption Program

Redemption Terms May Provide Limited Interim Liquidity

Lightstone’s amended share redemption program contains conditions and limitations affecting eligibility, capacity, timing, notice, and board-approved terms. A redemption mechanism is not an unrestricted right to sell whenever requested.

Shareholders should confirm current program terms in the latest company filing and transfer-agent materials. If the issuer program is unavailable, oversubscribed, or unsuitable for a particular account, a separate private-market review may be relevant.

Financial And Liquidity Review

Portfolio Performance, Debt, And Distributions Matter

Lightstone REIT V filings and company materials should be reviewed for portfolio composition, property-level performance, leverage, debt maturities, operating cash flow, distributions, and any planned asset sales. These factors can affect reported NAV and a buyer’s expected holding period.

Changes in financing costs, property values, occupancy, operating expenses, or access to capital may influence the company’s ability to support repurchases or other liquidity alternatives.

Research Considerations

What May Affect A Lightstone REIT V Review?

• Number and class of shares, registration, and account type
• Current SRP, tender, or other issuer-sponsored liquidity terms
• Portfolio performance, leverage, distributions, and debt maturities
• Transfer-agent requirements, signatures, and medallion guarantees
• 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 account statement is generally the most useful starting point because it can confirm share count, registration, account type, custodian, and ownership structure. Additional records may be needed for IRA, trust, estate, LLC, partnership, or inherited positions.

AIL evaluates positions case by case and does not guarantee a purchase, valuation, or liquidity outcome. Investors can request a Confidential Investment Review.

Sources: Lightstone REIT information, Lightstone Value Plus REIT V Form 10-K, and NAV and tender disclosure.