secwatch.observer — SEC 8-K summary
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Issuer:     Lightstone Value Plus REIT V, Inc. (—)
CIK:        0001387061
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001829126-23-008138
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightstone Value Plus REIT V acquires Camellia Apartments for ~$53.3M
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- Acquired 210-unit multifamily property in St. Augustine, FL for approx $53.3M, excluding closing costs.
- Financed with $33.9M non-recourse mortgage at 6.05%, maturing Jan 1, 2030.
- Remaining $19.4M funded from escrow proceeds of prior Flats at Fishers sale.
- Advisor received $1.1M in acquisition, expense reimbursement, and debt financing fees.
- Loan is collateralized by the Camellia Apartments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1387061/000182912623008138/0001829126-23-008138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1387061/000182912623008138/lightstonevalue5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer