---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-000841"
form_type: "8-K"
ticker: null
cik: "0001296884"
company_name: "Lightstone Value Plus REIT I, Inc."
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:05:01.026633+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lightstone Value Plus REIT I sells Exterior Street Project for $84M, nets $36.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-25-000841
- form_type: 8-K
- cik: 0001296884
- company_name: Lightstone Value Plus REIT I, Inc.
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296884/000118518525000841/0001185185-25-000841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296884/000118518525000841/lvvr18k072425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-000841
- JSON: https://secwatch.observer/filing/0001185185-25-000841.json
- Plain text: https://secwatch.observer/filing/0001185185-25-000841.txt

## Source-grounded claims
- claim_id: 228f450c5dee46194c38a07b615f22749e37f1b9
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296884/000118518525000841/0001185185-25-000841-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.