Lightstone Value Plus REIT V, Inc.: M&A transaction — Lightstone Value Plus REIT V sells Autumn Breeze Apartments for $59.5M, netting $29.9M

Lightstone Value Plus REIT V, Inc.

Sold 280-unit multifamily property in Noblesville, IN to unaffiliated third party.
Contractual sales price of $59.5 million; transaction closed February 27, 2025.
Non-recourse mortgage of $28.9M defeased at cost of $28.0M.
Net proceeds after defeasance and costs were $29.9 million.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Lightstone Value Plus REIT V, Inc. completed a disposition involving Independence Realty Operating Partnership, LP for $59.5 million (closed 2025-02-27).

Action: disposition
Counterparty: Independence Realty Operating Partnership, LP
Consideration: $59.5 million
Closing: 2025-02-27

Exact text from the filing

of a 280-unit multifamily property located in Noblesville, Indiana (the “Autumn Breeze Apartments”) to the Autumn Breeze Apartments Buyer for a contractual sales price of $59.5 million. On February 27, 2025 , the Company completed the disposition of the Autumn Breeze Apartments pursuant to the terms of the Autumn Breeze Apartments Agreement. In connection with

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Source: SEC EDGAR

accession 0001185185-25-000166

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