Private company
Lightstone Value Plus REIT III, Inc.
Lightstone Value Plus REIT III, Inc. is an American real estate investment trust based in Baltimore, active since 2012.2
Last updated Oct 20, 2026.
Overview
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 087013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formStock Corporation2
- LEI549300MHBV4CUJP9EL182
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o CSC-LAWYERS INCORPORATING SERVICE COMPANY, 7 ST. PAUL STREET, SUITE 820, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D148915352
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As of December 31, 2025, Lightstone REIT III had a 99% general partnership interest in the Operating Partnership’s common units.5 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$28.4M
Out of $28.4M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$1.3M
Out of $704.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $32.5M7 | $14.2M8 | $21.8M9 | $28.3M10 | $29.1M11 | $29.9M6 | $28.4M6 |
| Cost of revenue | $3.7M8 | $7.5M8 | |||||
| Operating expenses | $22.8M9 | $26.9M10 | $27.9M11 | $28.0M6 | $28.2M6 | ||
| Operating income | $1.6M7 | -$6.1M8 | -$985.8K8 | ||||
| Interest | $4.4M7 | $3.0M8 | $2.9M9 | $3.4M10 | $5.4M10 | ||
| Net income | -$4.1M7 | -$2.9M8 | -$2.7M9 | -$215.0K10 | -$6.8M11 | -$5.2M6 | -$4.6M6 |
| Earnings per share | -$0.0210 | -$0.5311 | -$0.416 | -$0.366 | |||
| Earnings per share (diluted) | -$0.0210 | -$0.5311 | -$0.416 | -$0.366 | |||
| Shares (weighted, basic) | 13.1M shares10 | 13.0M shares11 | 12.9M shares6 | 12.8M shares6 | |||
| Shares (weighted, diluted) | 13.1M shares10 | 13.0M shares11 | 12.9M shares6 | 12.8M shares6 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $6.1M7 | $27.0M8 | $16.6M9 | $18.4M10 | $3.8M11 | $6.2M6 | $4.8M6 |
| Current assets | $73.5M8 | ||||||
| Total assets | $156.1M7 | $152.3M8 | $145.9M9 | $142.8M10 | $128.0M11 | $122.0M6 | $117.2M6 |
| Long-term debt | $66.0M7 | $64.8M8 | $60.7M9 | $60.8M10 | $57.2M10 | $56.5M11 | $56.4M6 |
| Total liabilities | $68.9M7 | $68.9M8 | $65.8M9 | $64.1M10 | $61.0M11 | $61.2M6 | $62.3M6 |
| Retained earnings | -$44.6M9 | -$44.8M10 | -$55.5M11 | -$60.8M6 | -$65.4M6 | ||
| Shareholders’ equity | $75.1M7 | $71.2M8 | $68.0M9 | $66.6M10 | $54.9M11 | $48.7M6 | $42.8M6 |
| Shares outstanding | 13.3M shares7 | 13.2M shares8 | 13.1M shares9 | 13.0M shares10 | 12.9M shares11 | 12.8M shares6 | 12.7M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $3.3M7 | -$3.8M8 | $1.7M9 | $3.1M10 | -$9.0K11 | $2.5M6 | $704.0K6 |
| Depreciation and amortization | $5.1M9 | $4.9M10 | $4.1M11 | $3.3M6 | $3.2M6 | ||
| Cash from investing | -$12.1M9 | -$207.0K10 | -$6.6M11 | $2.5M6 | -$309.0K6 | ||
| Dividends paid | $4.7M7 | $07 | $50.0K8 | ||||
| Share buybacks | $1.4M7 | $797.7K8 | $625.0K9 | $997.0K10 | $1.1M11 | $985.0K6 | $1.3M6 |
| Cash from financing | -$2.9M9 | -$1.1M10 | -$8.0M11 | -$2.7M6 | -$1.8M6 |
Compare Lightstone Value Plus REIT III, Inc. with another company
Corporate structure
Lightstone Value Plus REIT III, Inc. sits at the top of its group. 27 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 III, Inc. Baltimore, Maryland, United States
- Bedford Avenue Holdings LLC Subsidiary · Delaware, United States
- LVP CY Durham Holding Corp Subsidiary · Delaware, United States
- LVP CY Durham Holdings LLC Subsidiary · Delaware, United States
- LVP CY Durham LLC Subsidiary · Delaware, United States
- LVP CY Warwick Holding Corp Subsidiary · Delaware, United States
- LVP CY Warwick Holdings LLC Subsidiary · Delaware, United States
- LVP CY Warwick LLC Subsidiary · Delaware, United States
- LVP FFI Austin Holding Corp Subsidiary · Delaware, United States
- LVP FFI Austin Holdings LLC Subsidiary · Delaware, United States
- LVP FFI Austin LLC Subsidiary · Delaware, United States
- LVP H2S Salt Lake City Holding Corp Subsidiary · Delaware, United States
- LVP H2S Salt Lake City Holdings LLC Subsidiary · Delaware, United States
- LVP H2S Salt Lake City LLC Subsidiary · Delaware, United States
- LVP H2S Seattle Holding Corp Subsidiary · Delaware, United States
- LVP H2S Seattle Holdings LLC Subsidiary · Delaware, United States
- LVP H2S Seattle LLC Subsidiary · Delaware, United States
- LVP HMI Des Moines Holding Corp Subsidiary · Delaware, United States
- LVP HMI Des Moines Holdings LLC Subsidiary · Delaware, United States
- LVP HMI Des Moines LLC Subsidiary · Delaware, United States
- LVP HMI Lansing Holding Corp Subsidiary · Delaware, United States
- LVP HMI Lansing Holdings LLC Subsidiary · Delaware, United States
- LVP HMI Lansing LLC Subsidiary · Delaware, United States
- LVP LIC Hotel JV LLC Subsidiary · Delaware, United States
- LVP SBS Austin Holding Corp Subsidiary · Delaware, United States
- LVP SBS Austin Holdings LLC Subsidiary · Delaware, United States
- and 1 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What Lightstone Value Plus REIT III, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $21.8M6 Dec 31, 2025 | $21.8M6 Dec 31, 2024 | 0% |
| Buildings and improvements | $93.0M6 Dec 31, 2025 | $92.8M6 Dec 31, 2024 | +0.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $89.2M6 Dec 31, 2025 | $91.9M6 Dec 31, 2024 | −2.9% |
| Real estate investments, at cost | $132.1M6 Dec 31, 2025 | $131.7M6 Dec 31, 2024 | +0.3% |
| Real estate accumulated depreciation | $42.9M6 Dec 31, 2025 | $39.7M6 Dec 31, 2024 | +7.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $4.8M6 Dec 31, 2025 | $6.2M6 Dec 31, 2024 | −22.7% |
| Debt securities available for sale | $6.1M6 Dec 31, 2025 | $5.9M6 Dec 31, 2024 | +3.8% |
| Equity securities at fair value | $5.4M6 Dec 31, 2025 | $5.2M6 Dec 31, 2024 | +4.0% |
| Stakes in other companies (equity method) | $15.9M6 Dec 31, 2025 | $16.8M6 Dec 31, 2024 | −5.1% |
Properties, in its own words
As of December 31, 2025, we (i) wholly owned and consolidated the operating results and financial condition of eight limited-service hotels containing a total of 872 rooms, (ii) held an unconsolidated 50% membership interest in the Hilton Garden Inn Joint Venture, an affiliated real estate entity that owns and operates one limited-service hotel, and (iii) held an unconsolidated 25% membership interest in the Williamsburg Moxy Hotel Joint Venture, an affiliated real estate entity that owns and operates one full-service hotel. We account for our unconsolidated membership interests in the Hilton Garden Inn Joint Venture and the Williamsburg Moxy Hotel Joint Venture under the equity method of accounting.
The Hilton Garden Inn Joint Venture owns the Hilton Garden Inn – Long Island City, a 183-room, limited-service hotel located in the Long Island City neighborhood in the Queens borough of New York City. The Hilton Garden Inn Joint Venture is between us and Lightstone REIT II, a related party REIT, which is sponsored by the Sponsor. We and Lightstone REIT II each have a 50% membership interest in the Hilton Garden Inn Joint Venture. The Williamsburg Moxy Hotel Joint Venture developed, constructed and owns the Williamsburg Moxy Hotel, a 216-room Marriott branded hotel located in the Williamsburg neighborhood in the Brooklyn borough of New York City, which opened on March 7, 2023. The Williamsburg Moxy Hotel Joint Venture is between us and Lightstone REIT IV, a related party REIT, which is sponsored by the Sponsor. We and Lightstone REIT IV have 25% and 75% membership interests, respectively, in the Williamsburg Moxy Hotel Joint Venture.
The rest of Item 2
Wholly-Owned and Consolidated Properties:
Available Rooms for the Year Ended · Percentage Occupied for the Year Ended · RevPAR for the Year Ended · ADR for the Year Ended
Hospitality - Limited-Service Hotel · Location · Year Built · Date Acquired · Rooms · December 31, 2025 · December 31, 2025 · December 31, 2025 · December 31, 2025
Hampton Inn – Des Moines · Des Moines, Iowa · 1987 · February 4, 2015 · 120 · 43,800 · 67.0 · 75.37 · 112.58
Courtyard - Durham · Durham, North Carolina · 1996 · May 15, 2015 · 146 · 53,290 · 57.9 · 66.38 · 114.62
Hampton Inn – Lansing · Lansing, Michigan · 2013 · March 10, 2016 · 86 · 31,390 · 71.2 · 86.07 · 120.84
Courtyard - Warwick · Warwick, Rhode Island · 2003 · March 23, 2016 · 92 · 33,580 · 68.1 · 99.84 · 146.55
Home2 Suites – Salt Lake · Salt Lake City, Utah · 2013 · August 2, 2016 · 125 · 45,625 · 71.7 · 84.96 · 118.53
Home2 Suites – Tukwila · Tukwila, Washington · 2015 · August 2, 2016 · 139 · 50,735 · 85.1 · 136.30 · 160.16
Fairfield Inn – Austin · Austin, Texas · 2014 · September 13, 2016 · 84 · 30,660 · 59.9 · 52.92 · 88.35
Staybridge Suites – Austin · Austin, Texas · 2009 · October 7, 2016 · 80 · 29,200 · 73.9 · 74.22 · 100.42
Total · 872 · 318,280 · 69.5 · 86.32 · 124.18
Unconsolidated Affiliated Real Estate Entities:
Available Rooms for the Year Ended · Percentage Occupied for the Year Ended · RevPAR for the Year Ended · ADR for the Year Ended
Hospitality · Location · Year Built · Date Acquired · Rooms · December 31, 2025 · December 31, 2025 · December 31, 2025 · December 31, 2025
Limited-Service Hotel
Hilton Garden Inn - Long Island City · Long Island City, New York · 2014 · March 27, 2018 · 183 · 66,795 · 84.5 · 192.10 · 227.36
Full-Service Hotel
Williamsburg Moxy Hotel · Williamsburg, New York · 2023 · March 7, 2023 · 216 · 78,840 · 91.5 · 267.05 · 291.79
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; and
● · depreciation 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, 2026.5
Leadership
Who has led Lightstone Value Plus REIT III, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- PresidentMitchell C. Hochberg Apr 27, 2016 to Apr 27, 201614
- Chief financial officerDonna Brandin Apr 27, 2016 to Apr 27, 201615
- Chief operating officerMitchell C. Hochberg Apr 27, 2016 to Apr 27, 201614
Board members and other officers (3)
- Board memberEdwin J. Glickman Apr 27, 2016 to Apr 27, 201616
- Board memberGeorge R. Whittemore Apr 27, 2016 to Apr 27, 201617
- General counselJoseph E. Teichman Apr 27, 2016 to Apr 27, 201618
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Bedford Avenue Holdings LLC Delaware4
- LVP CY Durham Holding Corp Delaware4
- LVP CY Durham Holdings LLC Delaware4
- LVP CY Durham LLC Delaware4
- LVP CY Warwick Holding Corp Delaware4
- LVP CY Warwick Holdings LLC Delaware4
- LVP CY Warwick LLC Delaware4
- LVP FFI Austin Holding Corp Delaware4
- LVP FFI Austin Holdings LLC Delaware4
- LVP FFI Austin LLC Delaware4
- LVP H2S Salt Lake City Holding Corp Delaware4
- LVP H2S Salt Lake City Holdings LLC Delaware4
- LVP H2S Salt Lake City LLC Delaware4
- LVP H2S Seattle Holding Corp Delaware4
- LVP H2S Seattle Holdings LLC Delaware4
- LVP H2S Seattle LLC Delaware4
- LVP HMI Des Moines Holding Corp Delaware4
- LVP HMI Des Moines Holdings LLC Delaware4
- LVP HMI Des Moines LLC Delaware4
- LVP HMI Lansing Holding Corp Delaware4
- LVP HMI Lansing Holdings LLC Delaware4
- LVP HMI Lansing LLC Delaware4
- LVP LIC Hotel JV LLC Delaware4
- LVP SBS Austin Holding Corp Delaware4
All 27 listed subsidiaries
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Lightstone Value Plus Real Estate Investment Trust III, Inc.Apr 24, 2013 to Aug 16, 20213
Timeline
- Dec 9, 20258-K Shareholder vote19
- Dec 12, 20248-K Shareholder vote20
- Dec 15, 20238-K Other events21
- Jan 30, 20238-K Bylaws or fiscal year changed22
- Jan 23, 20238-K Shareholder vote23
- Dec 14, 20228-K Shareholder vote24
- Dec 17, 20218-K Shareholder vote25
- Oct 5, 2012Founded Lightstone Value Plus REIT III, Inc. is founded2
Filings
39 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 7 major events, 12 other. The latest 20:
- Oct 1, 2026ARS EDGAR
- Oct 1, 2026DEF 14A EDGAR
- Aug 14, 202610-Q EDGAR
- May 14, 202610-Q EDGAR
- Mar 30, 202610-K EDGAR
- Dec 9, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Oct 2, 2025ARS EDGAR
- Oct 2, 2025DEF 14A EDGAR
- Aug 14, 202510-Q EDGAR
- May 13, 202510-Q EDGAR
- Mar 26, 202510-K EDGAR
- Dec 12, 20248-K EDGAR
- Nov 14, 202410-Q EDGAR
- Oct 10, 2024ARS EDGAR
- Oct 10, 2024DEF 14A EDGAR
- Aug 14, 202410-Q EDGAR
- May 15, 202410-Q EDGAR
- Mar 27, 202410-K EDGAR
- Dec 15, 20238-K EDGAR
The 39 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 III, 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 III, Inc.1
- CIK0001563756
- Employer ID (EIN)46-11404925
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ 087011
- Phone732-367-01291
- Shares outstanding12,600,000 as of Aug 7, 202613
- Public float$0 as of Jun 30, 20256
- AuditorEisnerAmper LLP, Iselin, New Jersey PCAOB ID 274; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceApr 24, 20131
- Filings181 in all: 8-K (44), 10-Q (37), 424B3 (15), CORRESP (13), 10-K (12), DEF 14A (12), 8-K/A (8), UPLOAD (7)1
All 20 form types
3 (6), POS AM (6), DRSLTR (4), EFFECT (4), ARS (3), DEFA14A (2), DRS/A (2), S-11/A (2), 8-A12G (1), DRS (1), PRE 14A (1), S-11 (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 14, 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.
As of the date hereof, 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 our results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, we have not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARMitchell C. Hochberg, President
- 15
- 16SEC EDGAREdwin J. Glickman, Board member
- 17SEC EDGARGeorge R. Whittemore, Board member
- 18SEC EDGARJoseph E. Teichman, General counsel
- 19SEC EDGARShareholder vote
- 20SEC EDGARShareholder vote
- 21SEC EDGAROther events
- 22SEC EDGARBylaws or fiscal year changed
- 23SEC EDGARShareholder vote
- 24SEC EDGARShareholder vote
- 25SEC EDGARShareholder vote