Lightstone REIT V Launches $31M Share Buyback

The REIT also suspended its share redemption program as it prepares a tender offer priced below net asset value.

January 01, 2026

Repurchase Plan Offers Exit for Investors

Lightstone Value Plus REIT V, Inc. is moving forward with a self-tender offer to repurchase up to 2.2 million shares of its common stock. The board approved the $31 million offer on December 30, 2025, with a launch scheduled for December 31 and a planned closing around February 13, 2026.

The offer price is set at $14.08 per share. That’s 85% of the company’s most recently reported net asset value (NAV) of $16.56, based on a September 30, 2025 valuation. The NAV reflects estimated fair values for assets and liabilities as of that date and was approved by the board in early November.

This move gives shareholders a defined exit opportunity in a market where no public trading option exists. While Lightstone has historically provided a share redemption program (SRP) for investors seeking liquidity, that program has had limitations—volume caps and strict conditions have made redemptions difficult to access. With the new tender offer in place, the board has now suspended the SRP indefinitely, effective immediately. No further redemption requests will be accepted or retained.

Details and Next Steps for Shareholders

The decision to offer liquidity at a discount likely reflects broader portfolio and market dynamics. The company noted that its NAV is based on a specific point in time and doesn’t incorporate future shifts in real estate values or operating conditions. Those risks haven’t been priced into the $16.56 figure, and shareholders are encouraged to weigh that as they evaluate the offer.

The tender offer will be detailed in upcoming SEC filings, including:

• Offer to purchase


• Letter of transmittal


• Related instructions and supporting documents

These documents will walk shareholders through the steps needed to participate and will be available both on the SEC’s website and through Lightstone’s investor portal.

For investors holding shares without a clear path to liquidity, this offer provides a defined option to exit—though at a price below NAV. As always, the decision to tender will depend on each investor’s timeline, risk posture, and outlook for the REIT’s underlying portfolio.