Lightstone REIT V Appoints Bruce Schanzer to Board of Directors
Schanzer will also serve on three key board committees, filling a vacancy left since December 2024.
September 19, 2025
Bruce Schanzer Joins Lightstone Value Plus REIT V Board
Lightstone Value Plus REIT V has brought Bruce J. Schanzer onto its board of directors, effective September 15, 2025. He steps into the role following a vacancy left by the December 2024 departure of former board member Jeffrey F. Joseph.
Alongside his board appointment, Schanzer has been assigned to three standing committees:
- Audit Committee
- Conflicts Committee
- Nominating Committee
These roles take effect immediately and position him to contribute across several critical oversight areas.
The board determined that Schanzer meets the independence standards set by both Lightstone’s charter and NYSE governance rules. This status allows him to participate fully as an Independent Director.
In line with the company's compensation framework, he will receive a $66,000 annual retainer, paid quarterly. Additional compensation includes:
- $1,500 for each board or committee meeting attended
- $750 for each written consent considered
There are no side agreements, outside arrangements, or prior transactions that led to Schanzer’s appointment. The board made its decision unanimously.
This update marks a continuation of Lightstone REIT V’s efforts to maintain strong board participation and committee coverage. Schanzer’s appointment fills a gap that’s been open for several months and brings new oversight capacity to the table.
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