secwatch.observer — SEC 8-K summary
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Issuer:     Lightstone Value Plus REIT V, Inc. (—)
CIK:        0001387061
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001829126-24-008500
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1387061/000182912624008500/0001829126-24-008500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1387061/000182912624008500/lightstonereit5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-008500

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