An unknown buyer completed the acquisition of Two Student Housing Communities from Lightstone Value Plus Real Estate Investment Trust V, Inc. for $77.3 million.
December 27, 2021
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An unknown buyer entered into an agreement to acquire Two Student Housing Communities from Lightstone Value Plus Real Estate Investment Trust V, Inc. (OTCPK:LVVP) for $77.3 million on November 15, 2021.
An unknown buyer completed the acquisition of Two Student Housing Communities from Lightstone Value Plus Real Estate Investment Trust V, Inc. (OTCPK:LVVP) on December 22, 2021. In connection with the transaction, the Sellers repaid in full the existing outstanding mortgage indebtedness of $30.4 million secured by the River Club Properties.
Lightstone Value Plus REIT V, Inc. is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate commercial real estate and real estate-related assets. The Company holds interests in various commercial properties, such as office, industrial, retail, hospitality, multifamily, and student housing, and other real estate-related investments, such as mortgage loans and mezzanine loans. The Company's business is conducted through Lightstone REIT V OP LP (Operating Partnership). The Company has eight wholly owned real estate investments (multi-family apartment complexes) and one real estate-related investment (mezzanine loan). The Companyâs properties include Arbors Harbor Town, Parkside Apartments, Flats at Fishers, Axis at Westmont, Valley Ranch Apartments, Autumn Breeze Apartments, BayVue Apartments, and Citadel Apartments. The Companyâs business is externally managed by LSG Development Advisor LLC (the Advisor).
An unknown buyer completed the acquisition of Two Student Housing Communities from Lightstone Value Plus Real Estate Investment Trust V, Inc. for $77.3 million.
LIGHTSTONE VALUE PLUS REIT V, INC. 