---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-007173"
form_type: "8-K"
ticker: null
cik: "0001387061"
company_name: "Lightstone Value Plus REIT V, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:58:52.146334+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lightstone Value Plus REIT V sells 306-unit Flats at Fishers for $71M, netting $33.8M

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-23-007173
- form_type: 8-K
- cik: 0001387061
- company_name: Lightstone Value Plus REIT V, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1387061/000182912623007173/0001829126-23-007173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1387061/000182912623007173/lightstonereit5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-007173
- JSON: https://secwatch.observer/filing/0001829126-23-007173.json
- Plain text: https://secwatch.observer/filing/0001829126-23-007173.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1387061/000182912623007173/0001829126-23-007173-index.htm

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