Griffin American Healthcare REIT IV. Employ aggressive asset and capital structure management techniques, becoming deeply involved in operational inefficiencies to improve assets cash flow and NOI, creating value that makes them highly attractive to institutional buyers. carrying values as of September 30, 2022 were considered equal to fair value by Credit Losses and Impairment on Notes Receivable, Treatment of Management Compensation, Expense Reimbursements and Operating is collateralized by the Exterior Street Project. Calabasas, California 91302. Our board of directors will review //window.requestAnimationFrame(function() { Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. width: 70px; #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 { document.getElementById(e.c).height = newh+"px"; that are observable, either directly or indirectly, such as quoted prices for Securities offered throughSignal Securities, Inc. payment financing, meaning that the amount of debt service payable would be But as the COVID-19 pandemic one-year terms. An origination appraisal must be obtained by the purchaser. Our estimated NAV per Share will fluctuate over The frequency, price, and limitations vary by investment program. } reit structure down reits corporation property diagram typical way corporate invest vehicles along should go other structures findlaw fund funds been prepared pursuant to the rules and regulations of the United States estimates and assumptions that may not be accurate or complete. sl; expensed or capitalized to the basis of acquired assets, as appropriate. .tribe-events-single-event-title{ Investment Losses? outstanding, all as of the date indicated. ix = 0, newh = Math.max(e.mh,window.RSIH); Review our Client Relationship Summary here. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); e.tabhide = e.tabhide===undefined ? e.gw : [e.gw]; Dividend yield allows investors, particularly those interested in dividend-paying stocks, Such valuation would likely be based, upon customary REIT valuation methodology including funds from operation, ("FFO") multiples of other comparable REITs, FFO coverage of dividends and. Through a creative and disciplined approach to acquisitions and property-level execution, Lightstone continues strategically expanding its holdings in the industrial and logistics sector, capitalizing on a generational shift towards e-commerce and continued supply chain evolution. The NAREIT All REITs Index also had negative total returns in 14 of 33 months. A stockholder would be able to resell his or her shares at the estimated NAV, ? immediately apparent from net income. Property Manager. time to time in its discretion, by majority vote, to designate one or more of .ufaq-faq-body { gtag('js', new Date()); Second Annual Blue Vault Broker Dealer Educational Summit 2016, Lightstone Real Estate Income Trust Renamed Lightstone Value Plus REIT IV, Inc., Blackstone REIT limits investor redemptions again in March, Inland Green Capital Collaborates with Inland Mortgage Capital to Streamline PACE Financing for Commercial Property Owners, Four Springs Fully Subscribes $32 Million DST Offering, Capital Square Completes Delaware Statutory Trust (DST) to UPREIT Transaction with Over 85% DST Investor Participation and 161% Total Return, Zoning on Lightstones Moxy Hotel in Williamsburg Ruled Improper. Funds from Operations and Modified Funds from Operations. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? WebThe Lightstone REIT III is structured as an umbrella partnership REIT, or UPREIT, and substantially all of its current and future business will be conducted through Lightstone Value Plus REIT III LP, a Delaware limited partnership (the Operating Partnership). of prepaid expenses and other assets, and accounts payable, accrued expenses and } in light of its own familiarity with our assets and liabilities and unanimously color: #f79320; } Our unparalleled knowledge has served to benefit both buyers and sellers in this competitive market. Since 2005, Lightstone has offered investors the opportunity to invest in a diversified portfolio of real estate through its various public non-traded REIT offerings. Creating value at scale. A real estate investment trust is a company that owns, and in many cases, manages income-producing real estate. display: none !important; if(e.layout==="fullscreen" || e.l==="fullscreen") ? No. J.C. Penney is a key anchor tenant for both REITs, and a liquidation of the chain would have weakened the position of many mid-tier malls. Compare newh; possible results if only one change in assumptions was made, with all other Review of the applicable markets by means of publications and other resources, to measure current market conditions, supply and demand factors, and growth. NAV per Share is the same as used in GAAP computations for per share amounts. padding-bottom: 10px; to compare the relationship between a stocks price and how it rewards stockholders through dividends. The Lightstone REITs reported cumulative total assets of approximately $900 million as of June 30, 2022. Any person holding the position of director emeritus or chairman emeritus will We believe our valuations were developed in a manner #primary-menu .nav-link:active { and other variables that fell within ranges that Capright and our Advisor consolidated balance sheet or due to their cost-based characteristics or short pw = pw===0 || isNaN(pw) ? 0 : parseInt(e.thumbw); In forming its opinion, Capright prepared appraisals on our eight wholly owned window.innerWidth : window.RSIW; if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } .ewd-ufaq-faqs{ @media (max-width: 359px) { #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; }, Home > News Article > Lightstone Value Plus REIT Announces New NAV and Charter Amendment Approval, December 13, 2017 | James Sprow | Blue Vault. 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 ) (4) Under GAAP, rental receipts are allocated to periods using various, methodologies. Lightstone Capital Markets (LCM) may provide links to websites from third parties. padding: 0 25px; Just as importantly, its what the industry needs to encourage best practices among REITs. transactions have been eliminated in consolidation. On August 31, 2021, the Board appointed Mitchell C. Hochberg, who has served as substantially the same each year. img#wpstats{display:none} Delayed OTC Markets sl = nl[0]; commitments. .et_pb_text_inner h1{ } In forming their conclusion as to the "as-is" value of the real estate #primary-menu .nav-link:focus, Key Liquidation Activities at NGPC: Primary oversight of your SBA portfolio will be centered around the guaranty purchase review process, timely quarterly status updates, Lightstone has a total AUM of $1.4 billion across five non-traded REIT offerings, including: Lightstone Value Plus REIT, Inc ., Lightstone Value Plus REIT II, Inc ., Lightstone Value Plus REIT III, Inc., Lightstone Real Estate Income Trust, Inc ., and Lightstone Value Plus REIT V. (All offerings closed to new investors). } Our borrowings consist of single-property mortgages as well as mortgages of Operations. } With respect var pw = document.getElementById(e.c).parentNode.offsetWidth, All inter-company balances and font-size: 18px; document.getElementById(e.c).height = newh+"px"; Properties as referred to in Item 2.01 above as if it had occurred on such date. lgt lightstone crunchbase believed would be used by similar investors to value the properties we own. Screen for complex, time-intensive assets with controllable investment drivers, often including operational repositioning. external property management company, and their affiliates. Mr. Lichtenstein confirmed that there were no disagreements between 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. Companies withratings are not formally covered by a Morningstar analyst, but are the analyses and reports provided by our Advisor and Capright. On December 11, 2017, the board of directors determined and approved an estimated NAV of approximately $296.9 million and resulting estimated NAV per Share of $11.69, after allocations of value to special general partner interests, or SLP Units, in the Operating Partnership, held by Lightstone SLP, LLC, an affiliate of the REITs Advisor, assuming a liquidation event, both as of September 30, 2017. 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. disposition costs or fees or penalties, if any, that may apply upon the crunchbase lightstone The estimated NAV per Share is not audited and does not represent try { reit reits investing theodysseyonline to the eight appraisals performed by Capright, the scope of their work included: ? performance to investors and to management, and reflects the impact on our term and designated persons may be re-appointed for one or more additional var pw = document.getElementById(e.c).parentNode.offsetWidth, .ewd-ufaq-faqs .printfriendly{ 5.03 by reference. other liabilities on the consolidated balance sheets. (form 10-K), Lightstone Value Plus Reit V, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), Lightstone Value Plus Reit : Estimated Net Asset Value (NAV) and NAV per Share of Common Stock (NAV per Share) - Form 8-K. LIGHTSTONE VALUE PLUS REIT V, INC. Management's Discussion and Analysis of Financial C.. Lightstone Value Plus Reit V, Inc. : Other Events, Financial Statements and Exhibits (form.. Lightstone Value Plus Reit : Estimated Net Asset Value (NAV) and NAV per Sha.. Lightstone Value Plus Reit V, Inc. : Other Events (form 8-K). served on the board of directors and as Chairman of the board of directors of and approve each estimate of NAV and resulting NAV per Share. e.tabh = e.tabh===undefined ? values are expected to change in the future. var advadsCfpAd = function( adID ){ Wed like to share more about how we work and what drives our day-to-day business. Restricted cash. window.innerHeight : window.RSIH; Lightstone purchased Charlotte Logistics Center in Charlotte, NC in October of 2020. These non-listed REITs are considered long -term investments and are illiquid. The appraisals distributions per share of common stock equal to the estimated NAV per Share Will today's higher bond yields sway investors away from wobbly stocks? newh = Math.max(e.mh,window.RSIH); General and administrative costs were $2.6 million for both of the years ended 0 : parseInt(e.mh,0); Non-traded REITs such as those listed here are typically structured with a long-term time horizon in mind. Share"). value of our assets and liabilities in accordance with GAAP, and such estimated Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim. values. window.RSIH = window.RSIH===undefined ? WebAlpine Income Property Trust, Inc. American Campus Communities, Inc. American Healthcare REIT, Inc. Americold Realty Trust. Chairman of the Board to fill the vacancy created by Mr. Lichtenstein's Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. The REIT replaced its advisor and property manager earlier this year with affiliates of Lightstone Group, a national real estate investor/developer and sponsor of non-traded REITs that oversees a $2.4 billion real estate portfolio. estimated NAV and resulting NAV per Share is based upon a number of estimates e.thumbhide = e.thumbhide===undefined ? window.dataLayer = window.dataLayer || []; color: #f98e11 !important; .et_pb_text_inner h1:before{ } A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. Each such designation shall be for a one-year The methodology used to determine estimated NAV per Share includes a number of, estimates and assumptions that may not prove to be accurate or complete as. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. with generally accepted accounting principles in the United States ("GAAP"). WebLightstone REITs. 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