Lightstone Value Plus REIT V Increases Net Asset Value

The board of Lightstone Value Plus Real Estate Investment Trust V Inc., a publicly registered non-traded REIT formerly known as Behringer Harvard Opportunity REIT II, approved an estimated net asset value per share of $7.98 for the company’s common stock, as of September 30, 2017.

The current NAV per share is an increase of 2.3 percent from the previous $7.80 NAV per share as of October 31, 2016.

The valuation was calculated with the assistance of Capright Property Advisors LLC, an independent third-party valuation firm, and was performed in accordance with Investment Program Association guidelines.

Lightstone Value Plus Real Estate Investment Trust V went effective in January 2008 and closed in March 2012 after raising $265 million in investor equity. The company’s portfolio is comprised of seven properties with a total investment cost of approximately $167 million, as of September 30, 2017.

The REIT replaced its advisor and property manager earlier this year with affiliates of Lightstone Group, a national real estate investor/developer and sponsor of non-traded REITs that oversees a $2.4 billion real estate portfolio.

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