Private company

Lightstone Value Plus REIT I, Inc.

Lightstone Value Plus REIT I, Inc. is an American real estate investment trust based in Lakewood.1

Last updated Oct 20, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersLakewood, New Jersey1
  • Incorporated inMD2
  • Business addressC/O The Lightstone Group, 1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 087012
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Spartanburg, South Carolina, consisting of various parcels, including one which is suitable for the immediate development of a data center;4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-11.1%Net margin5
1.1%Revenue growth, 20255
-4.7%Return on equity5
1.42×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$65.9M

Out of $65.9M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$65.9M in 2025+335% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $15.2M$15.2M20192020: $11.3M$11.3M2020−26%2021: $10.4M$10.4M2021−8%2022: $15.0M$15.0M2022+45%2023: $60.5M$60.5M2023+303%2024: $65.2M$65.2M2024+8%2025: $65.9M$65.9M2025+1%
Operating income67-$13.6M in 2021
-$15.0M-$10.0M-$5.0M0$5.0M2019: $2.0M$2.0M20192020: -$362.0K-$362.0K20202021: -$13.6M-$13.6M2021+3646%
Net income6789105-$7.3M in 2025
-$40.0M-$20.0M0$20.0M$40.0M2019: $24.2M$24.2M20192020: -$4.3M-$4.3M20202021: $19.1M$19.1M20212022: -$27.7M-$27.7M20222023: -$15.1M-$15.1M2023−46%2024: -$16.0M-$16.0M2024+6%2025: -$7.3M-$7.3M2025−54%
Fiscal year2019202020212022202320242025
Revenue$15.2M6$11.3M7$10.4M8$15.0M9$60.5M10$65.2M5$65.9M5
Operating expenses$23.9M8$19.3M9$51.4M10$88.3M5$54.2M5
Operating income$2.0M6-$362.0K7-$13.6M7
Interest$1.7M6$3.0M7$2.6M8$5.3M9$26.0M9
Income tax$100.0K9$2.5M10$800.0K10
Net income$24.2M6-$4.3M7$19.1M8-$27.7M9-$15.1M10-$16.0M5-$7.3M5
Earnings per share-$1.269-$0.6910-$0.755-$0.355
Earnings per share (diluted)-$1.269-$0.6910-$0.755-$0.355
Shares (weighted, basic)22.0M shares921.7M shares1021.4M shares521.1M shares5
Shares (weighted, diluted)22.0M shares921.7M shares1021.4M shares521.1M shares5

Compare Lightstone Value Plus REIT I, Inc. with another company

Corporate structure

Lightstone Value Plus REIT I, Inc. sits at the top of its group. 12 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Lightstone Value Plus REIT I, Inc. Lakewood, New Jersey
    • 50-01 2nd Street Associates Holdings LLC Subsidiary · Delaware, United States
    • 50-01 2nd Street Associates LLC Subsidiary · Delaware, United States
    • 50-01 2nd Street Development LLC Subsidiary · Delaware, United States
    • Bowery Street Associates LLC Subsidiary · Delaware, United States
    • Columbus Portfolio Member LLC Subsidiary · Delaware, United States
    • Jones Road Investor Member LLC Subsidiary · Delaware, United States
    • Lightstone Value Plus REIT, LP Subsidiary · Delaware, United States
    • LVP OP Hold Co II LLC Subsidiary · Delaware, United States
    • LVP OP Hold Co III LLC Subsidiary · Delaware, United States
    • LVP OP Hold Co LLC Subsidiary · Delaware, United States
    • LVP OP Holdings Corp. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lightstone Value Plus REIT I, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$91.2M5 Dec 31, 2025$91.2M5 Dec 31, 20240%
Buildings and improvements$173.7M5 Dec 31, 2025$173.3M5 Dec 31, 2024+0.3%
Furniture and fixtures$18.4M5 Dec 31, 2025$17.9M5 Dec 31, 2024+2.9%
Construction in progress$211.0K5 Dec 31, 2025$133.0K5 Dec 31, 2024+58.6%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$246.8M5 Dec 31, 2025$252.8M5 Dec 31, 2024−2.4%
Real estate investments, at cost$283.5M5 Dec 31, 2025$282.5M5 Dec 31, 2024+0.4%
Real estate accumulated depreciation$36.7M5 Dec 31, 2025$29.6M5 Dec 31, 2024+24.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$61.8M5 Dec 31, 2025$27.8M5 Dec 31, 2024+122.2%
Debt securities available for sale$42.6M5 Dec 31, 2025$452.0K8 Dec 31, 2022+9332.3%
Equity securities at fair value$41.6M5 Dec 31, 2025$40.2M5 Dec 31, 2024+3.5%
Stakes in other companies (equity method)$23.3M5 Dec 31, 2025$14.8M5 Dec 31, 2024+57.7%

Properties, in its own words

As of December 31, 2025, we (i) have ownership interests in and consolidate two operating properties and (ii) have ownership interests through three unconsolidated joint ventures in the Columbus Portfolio, a portfolio of nine multifamily residential properties located in the Columbus, Ohio metropolitan area; the Jones Road Property, an aggregate 151-acre plot of land located in Spartanburg, South Carolina, consisting of various parcels of land, including one which is suitable for the immediate development of a data center; and the Hotel JV Portfolio, a portfolio of five limited-service hotels.

Consolidated Properties

The rest of Item 2

Lower East Side Moxy Hotel

We wholly own the Lower East Side Moxy Hotel, a 303-room Marriott branded hotel located in the Lower East Side neighborhood in the Manhattan borough of New York City, which we developed, constructed and opened on October 27, 2022. The following table contains certain information for the Lower East Side Moxy Hotel.

Location · Year Built · Available Rooms for the Year Ended December 31, 2025 · Percentage Occupied for the Year Ended December 31, 2025 · RevPAR for the Year Ended December 31, 2025 · ADR for the Year Ended December 31, 2025

Lower East Side Moxy Hotel · Manhattan, New York · 2022 · 110,898 · 93 · 285.39 · 308.55

Gantry Park Landing

We have a 59.2% majority ownership interest in the 2nd Street Joint Venture, which developed, constructed and owns Gantry Park Landing, a 199-unit luxury, multifamily residential property, located in the Long Island City neighborhood in the Queens borough of New York City. The 2nd Street Joint Venture is between us and an affiliate of the Sponsor, which is a related party. We consolidate the 2nd Street Venture and account for the other interest as a noncontrolling interest in our consolidated financial statements. The following table contains certain information for Gantry Park Landing.

Location · Year Built · Leasable Units · Perentage Occupied as of December 31, 2025 · Revenues based on rents as of December 31, 2025 · Annualized Revenue per Unit as of December 31, 2025

Gantry Park Landing · Queens, New York · 2013 · 199 · 96 · $10.6 million · 55,958

Annualized revenue is defined as the minimum monthly payments due as of December 31, 2025 annualized.

Unconsolidated Properties

Through our 47.7% joint venture ownership interest in the LSG Joint Venture, we hold a 45.3% indirect joint venture ownership interest in the Jones Road Joint Venture, which owns the Jones Road Property, an aggregate 151-acre plot of land located in Spartanburg, South Carolina, consisting of various parcels, including one suitable for the immediate development of a data center. We account for our ownership interest in the LSG Joint Venture under the equity method of accounting. The LSG Joint Venture, which is between us and related parties, has a 95% joint ownership interest in the Jones Road Joint Venture while an unrelated third party has the remaining 5% joint venture ownership.

Columbus Portfolio

We hold a 19% joint venture ownership interest in the Columbus Joint Venture, which owns the Columbus Portfolio. We account for our ownership interest in the Columbus Joint Venture under the equity method of accounting. The Columbus Joint Venture is between us and two affiliates of the Sponsor, which are related parties. The following table contains certain information for the Columbus Portfolio.

Location · Year Built · Leasable Units · Percentage Occupied as of December 31, 2025 · Annualized Revenues Based on Rents as of December 31, 2025 · Annualized Revenue per Unit as of December 31, 2025

Columbus Portfolio · Columbus, Ohio · 2004 · 2,564 · 93 · $45.6 million · 19,203

Annualized revenues is defined as the minimum monthly payments due as of December 31, 2025 annualized.

Hotel JV Portfolio

We hold a 2.5% joint venture ownership interest in the Hotel Joint Venture, which owns the Hotel JV Portfolio. We account for our ownership interest using a measurement alternative pursuant to which our investment is measured at cost, adjusted for observable price changes and impairments, if any. The Hotel Joint Venture is between us and Lightstone Value Plus REIT II, Inc., a related party REIT also sponsored by the Sponsor.

The following information generally applies to our investments in our real estate properties:

● · we believe our real estate properties are adequately covered by insurance and suitable for their intended purpose;

● · our real estate properties are located in markets where we are subject to competition in attracting and retaining tenants; and

● · depreciation on improvements placed in service is provided on a straight-line basis over the estimated useful life of the applicable improvements.

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led Lightstone Value Plus REIT I, Inc., and when. Pick a name to see everywhere that person has worked.

President

  1. Stephen H. Hamrick2007
  2. Peyton H. Owen2010

Chief financial officer

  1. Michael M. Schurer2007
  2. Donna Brandin2008

Chief operating officer

  1. Vinck Bruno De2007–2014
2010201520202025
Board members and other officers (7)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 50-01 2nd Street Associates Holdings LLC Delaware3
  • 50-01 2nd Street Associates LLC Delaware3
  • 50-01 2nd Street Development LLC Delaware3
  • Bowery Street Associates LLC Delaware3
  • Columbus Portfolio Member LLC Delaware3
  • Jones Road Investor Member LLC Delaware3
  • LVP OP Hold Co II LLC Delaware3
  • LVP OP Hold Co III LLC Delaware3
  • LVP OP Hold Co LLC Delaware3
  • LVP OP Holdings Corp. Delaware3
  • Lightstone Value Plus REIT, LP Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Lightstone Value Plus Real Estate Investment Trust, Inc.Jul 14, 2004 to Aug 19, 20212

Timeline

  1. Dec 9, 20258-K Shareholder vote24
  2. Jul 24, 20258-K Completed an acquisition or sale25
  3. Dec 12, 20248-K Shareholder vote26
  4. Dec 15, 20238-K Other events27
  5. Dec 4, 20238-K Entered a material agreement; New debt or obligation28
  6. Jan 11, 20238-K Bylaws or fiscal year changed29
  7. Dec 14, 20228-K Shareholder vote30
  8. Dec 12, 20228-K Other events31
  9. Dec 20, 20218-K Other events32
  10. Dec 17, 20218-K Shareholder vote33

Filings

41 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 10 major events, 11 other. The latest 20:

  1. Oct 1, 2026ARS EDGAR
  2. Oct 1, 2026DEF 14A EDGAR
  3. Aug 12, 202610-Q EDGAR
  4. May 13, 202610-Q EDGAR
  5. Mar 30, 202610-K EDGAR
  6. Dec 9, 20258-K EDGAR
  7. Nov 14, 202510-Q EDGAR
  8. Oct 2, 2025ARS EDGAR
  9. Oct 1, 2025DEF 14A EDGAR
  10. Aug 14, 202510-Q EDGAR
  11. Jul 24, 20258-K EDGAR
  12. May 14, 202510-Q EDGAR
  13. Mar 31, 202510-K EDGAR
  14. Dec 12, 20248-K EDGAR
  15. Nov 14, 202410-Q EDGAR
  16. Oct 10, 2024ARS EDGAR
  17. Oct 10, 2024DEF 14A EDGAR
  18. Aug 14, 202410-Q EDGAR
  19. May 15, 202410-Q EDGAR
  20. Apr 1, 202410-K EDGAR

The 41 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Lightstone Value Plus REIT I, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLightstone Value Plus REIT I, Inc.1
  • CIK0001296884
  • Employer ID (EIN)20-12377954
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressC/O The Lightstone Group, 1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ 087011
  • Phone(732) 367-01291
  • Shares outstanding20,700,000 as of Aug 7, 202612
  • Public float$0 as of Jun 30, 20255
  • AuditorEisnerAmper LLP, New York, New York PCAOB ID 274; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 14, 20041
  • Filings421 in all: 8-K (121), 10-Q (64), 4 (37), UPLOAD (23), 424B3 (22), 10-K (21), DEF 14A (20), POS AM (20)1
    All 28 form types

    CORRESP (18), 3 (11), EFFECT (9), SC TO-I/A (9), S-11/A (8), 8-K/A (6), SC TO-I (5), 10-K/A (4), ARS (3), DEFA14A (3), PRE 14A (3), SC TO-T/A (3), S-11 (2), S-3D (2), S-3DPOS (2), 8-A12G (1), NT 10-Q (1), S-3 (1), SC TO-C (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Oct 1, 2026
    Latest 8-K (8-K) Dec 9, 2025

Risk factors and legal proceedings

Legal proceedings

From time to time in the ordinary course of business, we may become subject to legal proceedings, claims or disputes.

Various claims have been asserted against the 2nd Street Joint Venture, including that the rents at Gantry Park Landing have been in excess of the lawfully allowable amounts. While any dispute has an element of uncertainty, the 2nd Street Joint Venture believes that the likelihood of an unfavorable outcome with respect to these matters is remote and therefore, no provision for loss has been recorded in connection therewith.

Other than the aforementioned matter, we are not a party to any material pending legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on its results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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