Investor Lawyers Blog
Investors in Lightstone Value Plus REIT IV, Inc. (sometimes referred to below as “Lightstone IV””) may have FINRA arbitration claims, if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor.
Lightstone IV, formerly known as Lightstone Real Estate Income Trust, Inc., changed names on September 15, 2021. Lightstone IV, a public, non-traded REIT, reportedly focuses on investing in debt obligations that finance development or redevelopment opportunities, originate mezzanine loans or preferred equity investments in development projects, and participates in loan portfolios with third parties.
According to data from secondary sales websites, shares of the REIT have been listed for sale at prices between $3.40 and $4.00 a share. Shares were originally sold for $10 per share. According to filings on March 18, 2022, the board of directors approved an estimated value per share of $8.58 per share based on assets less the estimated value of liabilities divided by the number of shares outstanding.