July 30, 2014 4:54 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Lightstone Value Plus Real Estate Investment Trust Inc.

Company Overview

Lightstone Value Plus Real Estate Investment Trust, Inc. operates as a real estate investment trust. The company engages in investing and owning commercial and residential real estate properties in the United States and Puerto Rico. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 2004 and is based in Lakewood, New Jersey. Lightstone Value Plus Real Estate Investment Trust Inc. operates as a subsidiary of The Lightstone Group LLC.

326 Third Street

Lakewood, NJ 08701

United States

Founded in 2004

Phone:

732-367-0129

Key Executives for Lightstone Value Plus Real Estate Investment Trust Inc.

Founder
Age: 53
President
Age: 62
Advisor
Age: 45
Chief Operating Officer
Age: 68
Chief Investment Officer
Age: 52
Compensation as of Fiscal Year 2014.

Lightstone Value Plus Real Estate Investment Trust Inc. Key Developments

Main Street Hub Sins Lease for Office Building with Lightstone Value Plus Real Estate Investment Trust, Inc

On April 17, 2014, Lightstone Value Plus Real Estate Investment Trust Inc. announced that Main Street Hub has signed a lease in an office building located at 1407 Broadway Street, New York, New York, owned by The Lightstone Group in partnership with LVPR.

Techstars Signs Lease for 1407 Broadway

On February 26, 2014, Lightstone Value Plus Real Estate Investment Trust Inc. announced that Techstars has signed a lease in an office building located at 1407 Broadway Street, New York owned by The Lightstone Group in partnership with LVPR. The 1.1 million-square-foot building, owned by The Lightstone Group in partnership with Lightstone Value Plus REIT Inc. (LVPR), is undergoing renovations and being repositioned towards the technology, media and creative industries, which are currently experiencing explosive growth and moving north of Chelsea and the Flatiron markets. The transformation includes new retail fronts, lobby, and a canopied entryway to enhance the building’s presence along Broadway Techstars signed a lease for 13,719 square feet, taking the building’s entire 24th floor. The cutting-edge company will relocate from smaller offices at 36 Copper Street into a space with a full-floor presence, well-suited to accommodating their growing business needs.

Lightstone Value Plus Real Estate Investment Trust Inc. Announces Executive Changes

Effective December 30, 2013, Mitchell C. Hochberg was appointed by the board of directors of the Lightstone Value Plus Real Estate Investment Trust Inc. as its President. In connection with the appointment of Mr. Hochberg, effective December 30, 2013, Peyton Owen resigned from his position as President of the Registrant. Mr. Hochberg joined the Lightstone Group in August of 2012 and currently also serves as president of the Lightstone Group. Mr. Hochberg has more than 30 years of experience in real estate development and operations for residential, hospitality, commercial, gaming and mixed use properties. Previously, Mr. Hochberg was founder of Spectrum Communities and served as its president and CEO for more than 20 years.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 12, 2013
Hampton Inn Miami Airport West and Hampton Inn & Suites Fort Lauderdale Airport
 

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