Lightstone Value Plus REIT V Suspends SRP and Begins $31M Self-Tender Offer

The board of directors of Lightstone Value Plus REIT V, Inc., a publicly registered non-traded real estate investment trust, approved an issuer self-tender offer aimed at providing liquidity to its stockholders.

The move, announced following a board meeting on Dec. 30, 2025, signaled a tactical shift in how the company manages share repurchases as the company concurrently suspended its share repurchase program, or SRP.

The company is offering to repurchase up to 2.2 million shares of its common stock at a price of $14.08 per share. The total value of the offer, which began on Dec. 31, is estimated at approximately $31 million. The offer will expire on Feb. 13, 2026, unless extended or withdrawn.

The offer price of $14.08 represents 85% of the company’s most recent net asset value of $16.56 per share, which was calculated as of Sept. 30, 2025.

With the tender offer, the board decided to bypass the standard volume limitations of the SRP and suspend the program indefinitely. While the SRP is suspended, the company said that no new redemption requests will be accepted. Nonetheless, it said all currently pending requests will not be honored or retained.

The $16.56 NAV per share was approved by the board in November 2025, based on the fair value of assets and liabilities. The REIT noted that while this figure served as a benchmark, it was a “snapshot in time.”

“The value of the shares may fluctuate over time in response to developments related to individual assets in the portfolio and the management of those assets and in response to the real estate and capital markets,” the company stated, adding that there is no guarantee the September valuation reflects current market conditions.

As reported by AltsWire in July 2025, Lightstone Value Plus REIT V topped Stanger’s Lifecycle REIT Total Return Index five-year total return rankings with a return of 12.6%.

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