Lightstone Value Plus REIT Iv, Inc.

Lightstone Value Plus REIT IV, Inc. is a U.S.-based real estate investment trust that invests in operating properties, development projects, and real estate-related debt and preferred equity. Its portfolio is centered on development-oriented opportunities, including hotel and condominium projects, and it also holds interests in affiliated real estate ventures.

−12,2 %

+2,8 %

— Lightstone Value Plus REIT Iv, Inc.
%
Operating real estate55% Includes income-producing properties such as the Williamsburg Moxy Hotel and related food and beverage venues.
Development projects20% Includes ground-up and redevelopment projects such as condominium and hotel development interests.
Real estate debt investments10% Includes mezzanine loans, mortgage loans, and bridge loans secured by real estate assets.
Preferred equity and structured investments5% Includes preferred equity and other structured real estate-related investments.
Equity method joint ventures10% Includes earnings from unconsolidated affiliated real estate entities such as the 40 East End Avenue Joint Venture.

The company’s direct economic counterparties are tenants, hotel guests, condominium buyers, and joint venture partners...

  • Hotel guestsprimary

    Travelers and visitors staying at the Williamsburg Moxy Hotel and using its rooms and food-and-beverage venues.

  • Condominium buyersprimary

    Purchasers of the remaining unsold units in the 40 East End Avenue project, which generate sale proceeds when closed.

  • Real estate sponsors and developerssecondary

    Borrowers and counterparties that use the company’s mezzanine, mortgage, bridge loan, or preferred equity capital.

  • Joint venture partnerssecondary

    Affiliated or third-party partners that co-own projects and share cash flows, control rights, and exit proceeds.

The company is concentrated in the United States, with key assets in New York City. Its operating exposure is...

  • •United States is the core operating and investment market
  • •Williamsburg, Brooklyn hosts the Moxy Hotel and related venues
  • •Upper East Side, Manhattan is tied to the 40 East End Avenue project
  • •New York City concentration increases exposure to local real estate cycles
  • •No country-level revenue split was disclosed in the excerpts

The company is focused on preserving liquidity while monetizing existing assets and supporting development-related...

01
Monetize remaining condominium inventoryshort-term

Selling the last unsold units converts development value into cash and reduces project risk.

02
Stabilize hotel operationsshort-term

Hotel cash flow supports liquidity and helps fund corporate obligations and distributions.

03
Preserve balance sheet flexibilityshort-term

The company needs cash for debt service, capital contributions, and REIT compliance distributions.

04
Pursue development-oriented real estate investmentsmedium-term

The portfolio is designed to capture higher-return opportunities in development and redevelopment.

The company is exposed to asset-specific execution risk because its value depends on a small number of projects,...

high

Asset concentration

A large share of value is tied to the Williamsburg Moxy Hotel and 40 East End Avenue project.

Scope
Single-market, single-asset concentration in New York City
Materiality
high
high

Liquidity and debt service

The company must fund operating expenses, scheduled debt service, and possible capital contributions.

Scope
Corporate cash and restricted cash
Materiality
high
medium

Hotel operating volatility

Room occupancy, RevPAR, and food-and-beverage demand can change quickly with travel conditions.

Scope
Williamsburg Moxy Hotel
Materiality
high
medium

Condominium sales execution

The remaining unsold units must be sold to realize project value and generate cash.

Scope
40 East End Avenue Project
Materiality
high
medium

Joint venture governance

Consent rights and shared ownership can slow decisions and affect capital allocation or exits.

Scope
Williamsburg Moxy Hotel Joint Venture and 40 East End Ave. Joint Venture
Materiality
medium
Equity method investment accounting
Can create volatility in reported income from period to period
Noncontrolling interests
Reduces net income attributable to the company
Property depreciation
Affects operating income and asset carrying values over time
Fair value and impairment judgments
Can materially affect asset values and earnings
Insurance claim proceeds
May distort underlying operating performance

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: 28.4.2026