secwatch.observer — SEC 8-K summary
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Issuer:     Lightstone Value Plus REIT V, Inc. (—)
CIK:        0001387061
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001829126-23-007173
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1387061/000182912623007173/0001829126-23-007173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1387061/000182912623007173/lightstonereit5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-007173

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