---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-008500"
form_type: "8-K"
ticker: null
cik: "0001387061"
company_name: "Lightstone Value Plus REIT V, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:33:22.319033+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lightstone Value Plus REIT V acquires 240-unit Space Coast Apartments for $63.8M; board member resigns

## Summary
- Acquired Space Coast Apartments in Rockledge, FL for $63.8M; funded with $43.7M mortgage and $20.1M cash.
- Mortgage is 5.60% non-recourse, five-year term, interest-only through Jan 2028, then P&I of ~$0.3M/month.
- Advisor (Lightstone Group affiliate) received $1.4M in acquisition fees and expense reimbursements.
- Board member Jeffrey Joseph (83) resigned effective Dec 19, 2024 for personal medical reasons; no disagreement with company.
- Joseph served on the board since 2018; board accepted resignation with gratitude.

## SEC filing metadata
- accession: 0001829126-24-008500
- form_type: 8-K
- cik: 0001387061
- company_name: Lightstone Value Plus REIT V, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1387061/000182912624008500/0001829126-24-008500-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1387061/000182912624008500/lightstonereit5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-008500
- JSON: https://secwatch.observer/filing/0001829126-24-008500.json
- Plain text: https://secwatch.observer/filing/0001829126-24-008500.txt

## Key facts
- M&A Transactions
  Lightstone Value Plus REIT V, Inc. completed an acquisition involving DHIC Rockledge, LLC for approximately $63.8 million (closed 2024-12-19).
  - Action: acquisition
  - Counterparty: DHIC Rockledge, LLC
  - Consideration: approximately $63.8 million
  - Closing: 2024-12-19
  source text: On December 19, 2024, the Company, through LVP Space Coast, completed the acquisition of the Space Coast Apartments from the Seller, an unrelated third party, for approximately $63.8 million, excluding closing and other acquisition related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1387061/000182912624008500/0001829126-24-008500-index.htm

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