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Private company

Lightstone Value Plus REIT V, Inc.

Lightstone Value Plus REIT V, Inc. is an American real estate investment trust, incorporated in Maryland.1 It is headquartered in Lakewood, New Jersey.1

Last updated Oct 21, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersLakewood, New Jersey1
  • Incorporated inMD2
  • Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 087012
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.0%Net margin4
2.3%Revenue growth, 20254
4.0%Return on equity4
2.40×Debt to equity4
$147.0KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue7¢$3.8M
  • Other costs47¢$24.3M
  • Interest34¢$17.6M
  • Income tax1¢$400.0K
  • Profit10¢$5.1M

Out of $51.2M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending96¢$4.0M
  • Kept or used elsewhere4¢$147.0K

Out of $4.2M of cash from operations.4

Financial statements

Revenue567894$51.2M in 2025+38% since 2019
0$20.0M$40.0M$60.0M2019: $37.2M$37.2M20192020: $40.0M$40.0M2020+8%2021: $43.1M$43.1M2021+8%2022: $47.0M$47.0M2022+9%2023: $49.6M$49.6M2023+6%2024: $50.1M$50.1M2024+1%2025: $51.2M$51.2M2025+2%
Operating income56$931.0K in 2021
-$1.0M0$1.0M$2.0M$3.0M2019: -$208.0K-$208.0K20192020: $2.8M$2.8M20202021: $931.0K$931.0K2021−66%
Net income5794$5.1M in 2025
-$25.0M0$25.0M$50.0M$75.0M$100.0M2019: -$7.1M-$7.1M20192020: -$115.0K-$115.0K2020−98%2021: $77.3M$77.3M20212022: -$8.7M-$8.7M20222023: $32.9M$32.9M20232024: -$11.0M-$11.0M20242025: $5.1M$5.1M2025
Fiscal year2019202020212022202320242025
Revenue$37.2M5$40.0M6$43.1M7$47.0M8$49.6M9$50.1M4$51.2M4
Cost of revenue$3.6M9$3.6M4$3.8M4
Operating expenses$42.2M7$47.2M8$43.8M9$46.1M4$48.4M4
Operating income-$208.0K5$2.8M6$931.0K6
Interest$9.2M5$9.6M6$10.6M7$13.7M8$14.2M9$15.3M4$17.6M4
Income tax$900.0K8$800.0K9$800.0K4$400.0K4
Net income-$7.1M5-$115.0K5$77.3M7-$8.7M7$32.9M9-$11.0M4$5.1M4
Earnings per share-$0.438$1.669-$0.574$0.274
Earnings per share (diluted)-$0.438$1.669-$0.574$0.274
Shares (weighted, basic)20.1M shares819.8M shares919.2M shares418.6M shares4
Shares (weighted, diluted)20.1M shares819.8M shares919.2M shares418.6M shares4

Compare Lightstone Value Plus REIT V, Inc. with another company

Corporate structure

Lightstone Value Plus REIT V, Inc. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Lightstone Value Plus REIT V, Inc. Lakewood, New Jersey
    • BHO Business Trust II Subsidiary · Maryland, United States
    • BHO II, Inc. Subsidiary · Delaware, United States
    • Lightstone REIT V OP LP Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lightstone Value Plus REIT V, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$88.7M4 Dec 31, 2025$95.4M4 Dec 31, 2024−7.0%
Buildings and improvements$361.7M4 Dec 31, 2025$399.5M4 Dec 31, 2024−9.5%
Furniture and fixtures$13.2M4 Dec 31, 2025$13.1M4 Dec 31, 2024+0.8%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$377.7M4 Dec 31, 2025$430.3M4 Dec 31, 2024−12.2%
Real estate investments, at cost$463.6M4 Dec 31, 2025$508.0M4 Dec 31, 2024−8.7%
Real estate accumulated depreciation$85.9M4 Dec 31, 2025$77.7M4 Dec 31, 2024+10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$58.0M4 Dec 31, 2025$21.4M4 Dec 31, 2024+171.2%
Debt securities available for sale$4.1M4 Dec 31, 2025$3.8M4 Dec 31, 2024+6.0%

Properties, in its own words

General

As of December 31, 2025, we wholly owned and consolidated eight multifamily residential properties containing an aggregate 2,480 apartment units. The following table presents certain additional information about these multifamily residential properties as of the dates indicated:

The rest of Item 2

Property Name · Location · Date Acquired · Number of Units · Gross Mortgage Debt as of December 31, 2025 · Occupancy as of December 31, of 2025 · Occupancy as of December 31, of 2024 · Effective Monthly Rent per Unit for 2025(1) · Effective Monthly Rent per Unit for 2024(1)

Arbors Harbor Town · Memphis, Tennessee · December 20, 2011 · 345 · 46,254 · 93 · 91 · 1,720 · 1,728

The Aster (formerly Parkside) Apartments · Sugar Land, Texas · August 8, 2013 · 240 · 21,765 · 91 · 92 · 1,487 · 1,481

Axis at Westmont · Westmont, Illinois · November 27, 2018 · 400 · 34,459 · 94 · 97 · 1,723 · 1,659

Valley Ranch Apartments · Ann Arbor, Michigan · February 14, 2019 · 384 · 43,414 · 92 · 98 · 1,923 · 1,875

BayVue Apartments · Tampa, Florida · July 7, 2021 · 368 · 48,188 · 91 · 93 · 1,568 · 1,601

Citadel Apartments · Houston, Texas · October 6, 2021 · 293 · 44,000 · 97 · 97 · 1,745 · 1,743

Camellia Apartments · St. Augustine, Florida · December 19, 2023 · 210 · 33,911 · 93 · 93 · 1,663 · 1,724

Discovery at Space Coast Apartments · Rockledge, Florida · December 19, 2024 · 240 · 43,735 · 92 · 96 · 1,897 · 1,965

2,480 · 315,726 · 93 · 95 · 1,722 · 1,722

Note:

(1) · Effective monthly rent per unit is calculated using leases in place as of December 31 of the indicated year and takes into account any rent concessions.

The following information generally applies to our investments in our real estate properties:

● · we believe our real estate properties are adequately covered by insurance and suitable for their intended purpose;

● · our real estate properties are located in markets where we are subject to competition in attracting and retaining tenants; and

● · depreciation is provided on a straight-line basis over the estimated useful life of the applicable improvements.

Item 2 of the 10-K filed Mar 26, 2026.13

Leadership

Who has led Lightstone Value Plus REIT V, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert S. Aisner2009
  2. Mitchell C. Hochberg2017

President

  1. Robert S. Aisner2009

Chief financial officer

  1. Gary S. Bresky2009
  2. Kymberlyn Janney2010
  3. Andrew J. Bruce2012
  4. Donna Brandin2017

Chief operating officer

  1. Samuel A. Gillespie2008–2009
2010201520202025
Board members and other officers (14)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BHO Business Trust II Maryland3
  • BHO II, Inc. Delaware3
  • Lightstone REIT V OP LP Texas3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Lightstone Value Plus Real Estate Investment Trust V, Inc.Jul 24, 2017 to Aug 16, 20212
  • Behringer Harvard Opportunity REIT II, Inc.Feb 26, 2007 to Jul 19, 20172

Timeline

  1. Sep 15, 20268-K Shareholder vote34
  2. Aug 18, 20268-K Shareholder vote35
  3. Dec 31, 20258-K Other events36
  4. Dec 16, 20258-K Shareholder vote37
  5. Nov 10, 20258-K Other events38
  6. Sep 29, 20258-K Other events39
  7. Sep 18, 20258-K Executive or director change40
  8. Mar 3, 20258-K Completed an acquisition or sale41
  9. Dec 23, 20248-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation42
  10. Nov 12, 20248-K Other events43
  11. Sep 27, 20248-K Other events44
  12. Dec 21, 20238-K Executive or director change45
  13. Oct 6, 2017New chief executive Mitchell C. Hochberg becomes CEO14
  14. Apr 30, 2009New chief executive Robert S. Aisner becomes CEO15

Filings

56 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 23 major events, 13 other. The latest 20:

  1. Sep 15, 20268-K EDGAR
  2. Aug 18, 2026DEFA14A EDGAR
  3. Aug 18, 20268-K EDGAR
  4. Aug 13, 202610-Q EDGAR
  5. Jun 1, 2026ARS EDGAR
  6. Jun 1, 2026DEF 14A EDGAR
  7. May 15, 202610-Q EDGAR
  8. Mar 26, 202610-K EDGAR
  9. Mar 3, 2026SC TO-I/A EDGAR
  10. Feb 18, 2026SC TO-I/A EDGAR
  11. Dec 31, 2025SC TO-I EDGAR
  12. Dec 31, 2025SC TO-C EDGAR
  13. Dec 31, 20258-K EDGAR
  14. Dec 16, 20258-K EDGAR
  15. Nov 14, 202510-Q EDGAR
  16. Nov 10, 20258-K EDGAR
  17. Oct 8, 2025ARS EDGAR
  18. Oct 8, 2025DEF 14A EDGAR
  19. Sep 29, 20258-K EDGAR
  20. Sep 18, 20258-K EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Lightstone Value Plus REIT V, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLightstone Value Plus REIT V, Inc.1
  • CIK0001387061
  • Employer ID (EIN)20-819886313
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
  • Incorporated inMaryland13
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ 087011
  • Phone(888) 808-73481
  • Shares outstanding16,000,000 as of Aug 7, 202611
  • Public float$0 as of Jun 30, 20254
  • AuditorEisnerAmper LLP, New York, New York PCAOB ID 274; no auditor attestation of internal control over financial reporting13
  • On EDGAR sinceFeb 26, 20071
  • Filings500 in all: 8-K (200), 10-Q (56), 424B3 (41), 3 (26), 10-K (19), DEF 14A (18), CORRESP (16), 8-K/A (15)1
    All 27 form types

    POS AM (13), EFFECT (12), UPLOAD (11), ARS (10), SC TO-I/A (9), DEFA14A (8), SC TO-T/A (8), S-11/A (7), POS EX (6), SC 14D9 (4), SC TO-T (4), 4 (3), SC 14D9/A (3), SC TO-I (3), PRE 14A (2), S-11 (2), SC TO-C (2), 8-A12G (1), AW (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Jun 1, 2026
    Latest 8-K (8-K) Sep 15, 2026

Risk factors and legal proceedings

Legal proceedings

From time to time in the ordinary course of business, we may become subject to legal proceedings, claims or disputes.

As of the date hereof, we are not a party to any material pending legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on our results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, we have not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.

The opening of Item 3, Legal Proceedings.13

Sources

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