Lightstone Value Plus REIT V, Inc.: M&A transaction — Lightstone Value Plus REIT V sells 306-unit Flats at Fishers for $71M, netting $33.8M

Lightstone Value Plus REIT V, Inc.

Disposed of Flats at Fishers, a 306-unit multifamily property in Fishers, IN, for $71.0M.
Non-recourse mortgage of $27.7M defeased at $27.1M; subordinated $8.9M loan repaid in full.
Net proceeds of $33.8M placed in escrow to potentially facilitate a Section 1031 exchange.
Sale closed November 1, 2023; proceeds after defeasance, prorations, and closing costs.

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 BAM Acquisitions LLC for $71.0 million (closed 2023-11-01).

Action: disposition
Counterparty: BAM Acquisitions LLC
Consideration: $71.0 million
Closing: 2023-11-01

Exact text from the filing

the Company would dispose of a 306-unit multifamily property located in Fishers, Indiana (the “Flats at Fishers”) to the Flats at Fishers Buyer for a contractual sales price of $71.0 million. On November 1, 2023,the Company completed the disposition of the Flats at Fishers pursuant to the terms of the Flats at Fishers Agreement. In connection with the disposition of

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001829126-23-007173

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.