Lightstone Value Plus REIT I, Inc.: M&A transaction — Lightstone Value Plus REIT I sells Exterior Street Project for $84M, nets $36.5M

Lightstone Value Plus REIT I, Inc.

Sold three land parcels in Mott Haven, Bronx, for contractual price of $84.0M.
Closed July 18, 2025; repaid $40.0M mortgage on the property.
Net proceeds of $36.5M after mortgage repayment and transaction costs; includes $1.3M extension payments.
Buyers made nonrefundable $1.3M extension payments not applied to purchase price.

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 I, Inc. completed a disposition involving 355 Exterior Development Holdings LLC and 399 Exterior Development Holdings LLC (collectively, the Exterior Street Project Buyers) for $84.0 million (closed 2025-07-18).

Action: disposition
Counterparty: 355 Exterior Development Holdings LLC and 399 Exterior Development Holdings LLC (collectively, the Exterior Street Project Buyers)
Consideration: $84.0 million
Closing: 2025-07-18

Exact text from the filing

of a mixed-use multifamily residential and commercial retail project (the “Exterior Street Project”) to the Exterior Street Project Buyers for a contractual sales price of $84.0 million . Subsequently during the second quarter of 2025, the Exterior Street Buyers made nonrefundable payments totaling $1.3 million to the Company in order to extend the outside

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Source: SEC EDGAR

accession 0001185185-25-000841

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