LTSV on OTC
Lightstone Value Plus REIT IV, Inc.
Lightstone Value Plus REIT IV, Inc. is an American real estate investment trust based in Baltimore, listed on OTC (LTSV).2
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Last updated Oct 21, 2026.
Overview
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- TickerLTSV on OTC2
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 087013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formStock Corporation2
- LEI549300HPR8U354K5FL462
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o CSC-Lawyers Incorporating Service Company, 7 St. Paul Street, Suite 820, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D160640992
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Moxy Hotel Joint Venture, which is accounted for as noncontrolling interests in our consolidated financial statements.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Room Revenue brought in 69% of the revenue Lightstone Value Plus REIT IV, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Room Revenue | $20.2M | $21.0M |
| Food Beverage And Other Revenue | $9.5M | $9.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$30.5M
Out of $30.5M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Hotel revenues: | $30.5M | $29.7M |
| Hotel operating expenses | $19.7M | $21.4M |
| Real estate taxes | $243.0K | $136.0K |
| General and administrative costs | $2.0M | $1.9M |
| Depreciation and amortization | $3.8M | $3.7M |
| Casualty (gain)/loss, net | -$530.0K | $453.0K |
| Total expenses | $25.2M | $27.6M |
| Interest expense | -$10.3M | -$11.8M |
| Earnings from investment in unconsolidated affiliated real estate entity | $320.0K | -$387.0K |
| Interest and other income, net | $206.0K | $227.0K |
| Net loss | -$4.4M | -$9.9M |
| Less: net loss attributable to noncontrolling interests | $727.0K | $1.9M |
| Net loss attributable to Company's common shares | -$3.7M | -$8.0M |
| Net loss per Company's common shares, basic (in Dollars per share) | -$0.46 | -$0.97 |
| Net loss per Companys common shares, diluted (in Dollars per share) | -$0.46 | -$0.97 |
| Weighted average number of common shares outstanding, basic (in Shares) | 8.2M shares | 8.3M shares |
| Weighted average number of common shares outstanding, diluted (in Shares) | 8.2M shares | 8.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2015-01-31 |
|---|---|---|---|---|
| Land and improvements | $35.8M | $35.8M | ||
| Building and improvements | $84.0M | $82.7M | ||
| Furniture and fixtures | $10.8M | $10.4M | ||
| Construction in progress | $188.0K | $0 | ||
| Gross investment property | $130.9M | $129.0M | ||
| Less accumulated depreciation | -$10.4M | -$6.6M | ||
| Net investment property | $120.5M | $122.4M | ||
| Investment in unconsolidated affiliated real estate entity | $5.4M | $8.4M | ||
| Cash and cash equivalents | $9.0M | $8.1M | ||
| Restricted cash | $4.9M | $4.3M | ||
| Accounts receivable and other assets | $1.7M | $1.8M | ||
| Total Assets | $141.6M | $145.0M | ||
| Mortgages payable, net | $93.5M | $92.4M | ||
| Accounts payable, accrued expenses and other liabilities | $8.1M | $7.6M | ||
| Subordinated advances - related party | $14.4M | $14.2M | ||
| Total Liabilities | $116.0M | $114.2M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value; 200.0 million shares authorized, 8.1 million and 8.2 million shares issued and outstanding, respectively | $81.0K | $82.0K | ||
| Additional paid-in-capital | $68.0M | $68.8M | ||
| Accumulated deficit | -$50.7M | -$46.9M | ||
| Total Stockholders' Equity | $17.4M | $21.9M | ||
| Noncontrolling interests | $8.2M | $8.9M | ||
| Total Equity | $25.6M | $30.8M | $41.5M | |
| Total Liabilities and Equity | $141.6M | $145.0M | ||
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | 50.0M shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 200.0M shares | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in Shares) | 8.1M shares | 8.2M shares | ||
| Common stock, shares outstanding (in Shares) | 8.1M shares | 8.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2015-01-31 |
|---|---|---|---|---|
| Land and improvements | $35.8M | $35.8M | ||
| Building and improvements | $84.0M | $82.7M | ||
| Furniture and fixtures | $10.8M | $10.4M | ||
| Construction in progress | $188.0K | $0 | ||
| Gross investment property | $130.9M | $129.0M | ||
| Less accumulated depreciation | -$10.4M | -$6.6M | ||
| Net investment property | $120.5M | $122.4M | ||
| Investment in unconsolidated affiliated real estate entity | $5.4M | $8.4M | ||
| Cash and cash equivalents | $9.0M | $8.1M | ||
| Restricted cash | $4.9M | $4.3M | ||
| Accounts receivable and other assets | $1.7M | $1.8M | ||
| Total Assets | $141.6M | $145.0M | ||
| Mortgages payable, net | $93.5M | $92.4M | ||
| Accounts payable, accrued expenses and other liabilities | $8.1M | $7.6M | ||
| Subordinated advances - related party | $14.4M | $14.2M | ||
| Total Liabilities | $116.0M | $114.2M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value; 200.0 million shares authorized, 8.1 million and 8.2 million shares issued and outstanding, respectively | $81.0K | $82.0K | ||
| Additional paid-in-capital | $68.0M | $68.8M | ||
| Accumulated deficit | -$50.7M | -$46.9M | ||
| Total Stockholders' Equity | $17.4M | $21.9M | ||
| Noncontrolling interests | $8.2M | $8.9M | ||
| Total Equity | $25.6M | $30.8M | $41.5M | |
| Total Liabilities and Equity | $141.6M | $145.0M | ||
| Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | 50.0M shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 200.0M shares | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in Shares) | 8.1M shares | 8.2M shares | ||
| Common stock, shares outstanding (in Shares) | 8.1M shares | 8.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$4.4M | -$9.9M |
| Earnings from investment in unconsolidated affiliated real estate entity | -$320.0K | $387.0K |
| Depreciation and amortization | $3.8M | $3.7M |
| Amortization of deferred financing costs | $1.1M | $1.0M |
| Casualty (gain)/loss, net | -$1.0M | $300.0K |
| Settlement of unpaid interest previously accrued as mortgage payable | $0 | -$4.5M |
| (Increase)/decrease in accounts receivable other assets | -$398.0K | $87.0K |
| Increase in accounts payable, accrued expenses and other liabilities | $252.0K | $1.0M |
| Increase in accrued interest on subordinated advances - related party | $187.0K | $187.0K |
| Net cash used in operating activities | -$850.0K | -$7.7M |
| Purchase of investment property | -$1.6M | -$3.0M |
| Distributions from unconsolidated affiliated real estate entities | $3.4M | $1.2M |
| Proceeds from property insurance | $1.5M | $0 |
| Investment in unconsolidated affiliated real estate entity | -$133.0K | -$242.0K |
| Net cash provided by/(used in) investing activities | $3.1M | -$2.0M |
| Proceeds from mortgage financing | $0 | $95.1M |
| Payments on mortgage payable | $0 | -$77.0M |
| Payment of loan fees and expenses | $0 | -$3.0M |
| Contributions of noncontrolling interests | $0 | $122.0K |
| Redemption and cancellation of common stock | -$781.0K | -$813.0K |
| Net cash (used in)/provided by financing activities | -$781.0K | $14.4M |
| Change in cash, cash equivalents and restricted cash | $1.5M | $4.7M |
| Cash paid for taxes | $39.0K | $26.0K |
| Cash paid for interest | $9.0M | $16.5M |
| Accrued loan exit fee | $0 | $475.0K |
| Accrued insurance recovery of casualty loss | $0 | $500.0K |
No quarter-by-quarter statement was filed.
Compare Lightstone Value Plus REIT IV, Inc. with another company
Corporate structure
Lightstone Value Plus REIT IV, Inc. sits at the top of its group. 3 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 IV, Inc. Baltimore, Maryland, United States
- 40 EAST END AVE. PREF MEMBER LLC Subsidiary · Delaware, United States
- BEDFORD AVENUE HOLDINGS LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What Lightstone Value Plus REIT IV, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $35.8M6 Dec 31, 2025 | $35.8M6 Dec 31, 2024 | 0% |
| Buildings and improvements | $84.0M6 Dec 31, 2025 | $82.7M6 Dec 31, 2024 | +1.6% |
| Furniture and fixtures | $10.8M6 Dec 31, 2025 | $10.4M6 Dec 31, 2024 | +3.8% |
| Construction in progress | $188.0K6 Dec 31, 2025 | $06 Dec 31, 2024 |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $120.5M6 Dec 31, 2025 | $122.4M6 Dec 31, 2024 | −1.5% |
| Real estate investments, at cost | $130.9M6 Dec 31, 2025 | $129.0M6 Dec 31, 2024 | +1.5% |
| Real estate accumulated depreciation | $10.4M6 Dec 31, 2025 | $6.6M6 Dec 31, 2024 | +57.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $9.0M6 Dec 31, 2025 | $8.1M6 Dec 31, 2024 | +11.2% |
| Stakes in other companies (equity method) | $5.4M6 Dec 31, 2025 | $8.4M6 Dec 31, 2024 | −35.2% |
Properties, in its own words
Consolidated Property
As of December 31, 2025, we majority owned and consolidated the operating results of the Williamsburg Moxy Hotel Joint Venture, a joint venture in which we have a 75% membership interest, and held an unconsolidated approximate 33.3% membership interest in the 40 East End Ave. Joint Venture. We account for our unconsolidated membership interest in the 40 East End Ave. Joint Venture in accordance with the equity method of accounting.
The rest of Item 2
Unconsolidated Property
The Williamsburg Moxy Hotel Joint Venture owns the Williamsburg Moxy Hotel located in the Williamsburg neighborhood of Brooklyn in New York City, which it developed, constructed and opened on March 7, 2023. Lightstone REIT III, a REIT also sponsored by the Sponsor and a related party, owns the other 25% membership interest in the Williamsburg Moxy Hotel Joint Venture, which is accounted for as noncontrolling interests in our consolidated financial statements.
Available Rooms · Percentage Occupied · RevPAR · ADR
for the Year Ended · for the Year Ended · for the Year Ended · for the Year Ended
Location · Year Built · December 31, 2025 · December 31, 2025 · December 31, 2025 · December 31, 2025
Williamsburg, New York · 2023 · 78,840 · 92 · 267.05 · 291.79
The 40 East End Ave. Joint Venture, through affiliates, developed and constructed a luxury residential 29-unit condominium project located at the corner of 81st Street and East End Avenue in the Upper East Side neighborhood of Manhattan in New York City. Through December 31, 2025, 27 of the 29 condominium units have been sold and the 40 East End Ave. Joint Venture owns the remaining two unsold condominium units which are referred to as the 40 East End Avenue Project. One of the remaining unsold condominium units was sold during February 2026.Various affiliated entities majority-owned and/or controlled by David Lichtenstein, who majority owns and controls the Sponsor, own the other approximate 66.7% membership in the 40 East End Ave. Joint Venture.
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; 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 30, 2026.5
Leadership
Who has led Lightstone Value Plus REIT IV, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- PresidentMitchell C. Hochberg Apr 21, 2017 to Apr 21, 201714
- Chief financial officerDonna Brandin Apr 21, 2017 to Apr 21, 201715
- Chief operating officerMitchell C. Hochberg Apr 21, 2017 to Apr 21, 201714
Board members and other officers (4)
- Board memberMichael J. Demarco Aug 19, 2021 to Aug 19, 202116
- Board memberEdwin J. Glickman Apr 21, 2017 to Apr 21, 201717
- Board memberSteven Spinola Apr 21, 2017 to Apr 21, 201718
- General counselJoseph E. Teichman Apr 21, 2017 to Apr 21, 201719
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Lightstone Real Estate Income Trust Inc.Sep 12, 2014 to Aug 19, 20213
Timeline
- Dec 9, 20258-K Shareholder vote20
- Dec 12, 20248-K Shareholder vote21
- Apr 26, 20248-K Entered a material agreement; New debt or obligation22
- Dec 15, 20238-K Other events23
- Dec 14, 20228-K Shareholder vote24
- Dec 21, 20218-K Bylaws or fiscal year changed25
- Dec 17, 20218-K Shareholder vote26
- Sep 9, 2014Founded Lightstone Value Plus REIT IV, Inc. is founded2
Filings
37 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 7 major events, 10 other. The latest 20:
- Oct 1, 2026ARS EDGAR
- Oct 1, 2026DEF 14A EDGAR
- Aug 12, 202610-Q EDGAR
- May 13, 202610-Q EDGAR
- Mar 30, 202610-K EDGAR
- Dec 9, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Oct 2, 2025ARS EDGAR
- Oct 2, 2025DEF 14A EDGAR
- Aug 12, 202510-Q EDGAR
- May 13, 202510-Q EDGAR
- Mar 26, 202510-K EDGAR
- Dec 12, 20248-K EDGAR
- Nov 14, 202410-Q EDGAR
- Oct 10, 2024ARS EDGAR
- Oct 10, 2024DEF 14A EDGAR
- Aug 14, 202410-Q EDGAR
- May 15, 202410-Q EDGAR
- Apr 26, 20248-K EDGAR
- Mar 26, 202410-K EDGAR
The 37 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 IV, 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 IV, Inc.1
- CIK0001619312
- Employer ID (EIN)46-17968305
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- 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
- Phone732-367-01291
- Shares outstanding8,100,000 as of Aug 7, 202613
- Public float$0 as of Jun 30, 20256
- AuditorEisnerAmper LLP, Iselin, New Jersey PCAOB ID 274; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceSep 12, 20141
- Filings152 in all: 10-Q (35), 8-K (33), CORRESP (14), 424B3 (13), 10-K (11), DEF 14A (11), 3 (7), UPLOAD (7)1
All 20 form types
POS AM (4), ARS (3), EFFECT (3), 10-Q/A (2), S-11/A (2), 8-A12G (1), 8-K/A (1), DRS (1), NT 10-Q (1), POS EX (1), PRE 14A (1), S-11 (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Oct 1, 2026
Latest 8-K (8-K) Dec 9, 2025
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.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARMitchell C. Hochberg, President
- 15
- 16SEC EDGARMichael J. Demarco, Board member
- 17SEC EDGAREdwin J. Glickman, Board member
- 18SEC EDGARSteven Spinola, Board member
- 19SEC EDGARJoseph E. Teichman, General counsel
- 20SEC EDGARShareholder vote
- 21SEC EDGARShareholder vote
- 22
- 23SEC EDGAROther events
- 24SEC EDGARShareholder vote
- 25SEC EDGARBylaws or fiscal year changed
- 26SEC EDGARShareholder vote