Lightstone Value Plus REIT II, Inc. announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, for $4.2 million. The shares will be repurchased at a price of $6 per share.

The company is making the offer in order to deter West 4 and other potential future bidders that may try to exploit the illiquidity of shares and acquire them from stockholders at prices substantially below the most recently published estimated NAV per Share. The company intends to fund the purchase of shares in the offer and pay related costs using our available cash(which does not include restricted cash). If more than 700,000 shares are properly tendered and not properly withdrawn, only shares properly tendered and not properly withdrawn will be eligible to be purchased.

The shares tendered but not purchased pursuant to the offer will be returned promptly following the expiration date. In accordance with rules promulgated by the Securities and Exchange Commission (the ?SEC?), the company may increase the number of shares accepted for payment in the offer by up to, but not more than, 2% of the outstanding shares without amending or extending the offer. The offer will expire on June 14, 2024.

As of October 31, 2023, the company had 16,400,000 shares in outstanding.