Lightstone Value Plus REIT III, Inc.

2023 Q4 Form 10-Q Financial Statement

#000182912623007443 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.04M $15.30M $21.13M
YoY Change -49.12% -27.6% 34.16%
Cash & Equivalents $3.848M $8.239M $19.50M
Short-Term Investments $7.196M $7.062M $1.639M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.577M
Other Receivables $0.00
Total Short-Term Assets $22.07M
YoY Change 25.05%
LONG-TERM ASSETS
Property, Plant & Equipment $98.90M
YoY Change -4.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.24M $20.10M $22.39M
YoY Change -6.96% -10.21% -6.93%
Other Assets
YoY Change
Total Long-Term Assets $122.9M
YoY Change -5.58%
TOTAL ASSETS
Total Short-Term Assets $22.07M
Total Long-Term Assets $122.9M
Total Assets $128.0M $133.1M $145.0M
YoY Change -10.39% -8.23% -1.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.158M
YoY Change 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $60.78M
YoY Change -3.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $64.24M
YoY Change -3.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $64.24M
Total Long-Term Liabilities $0.00
Total Liabilities $61.01M $63.21M $64.24M
YoY Change -4.79% -1.6% -18.33%
SHAREHOLDERS EQUITY
Retained Earnings -$55.54M -$52.70M -$42.95M
YoY Change 23.93% 22.68%
Common Stock $129.0K $129.0K $130.0K
YoY Change -0.77% -0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $54.88M $57.75M $68.66M
YoY Change
Total Liabilities & Shareholders Equity $128.0M $133.1M $145.0M
YoY Change -10.39% -8.23% -1.93%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 lvpb Gain On Forgiveness Of Debt
GainOnForgivenessOfDebt
usd
lvpb Gain On Forgiveness Of Debt
GainOnForgivenessOfDebt
usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
usd
lvpb Gain On Forgiveness Of Debt Amount
GainOnForgivenessOfDebtAmount
usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
usd
lvpb Distributions Declared
DistributionsDeclared
-2918000 usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001563756
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
usd
lvpb Payments On Mortgages Payable
PaymentsOnMortgagesPayable
usd
lvpb Distributions Paid To Companys Common Stockholders
DistributionsPaidToCompanysCommonStockholders
usd
lvpb Distributions Declared But Not Paid
DistributionsDeclaredButNotPaid
usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
usd
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-55619
dei Entity Registrant Name
EntityRegistrantName
LIGHTSTONE VALUE PLUS REIT III, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-1140492
dei Entity Address Address Line1
EntityAddressAddressLine1
1985 Cedar Bridge Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1
dei Entity Address City Or Town
EntityAddressCityOrTown
Lakewood
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08701
dei City Area Code
CityAreaCode
732
dei Local Phone Number
LocalPhoneNumber
367-0129
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12900000 shares
CY2023Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
21715000 usd
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
21711000 usd
CY2023Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
92176000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
91987000 usd
CY2023Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
16671000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
16463000 usd
CY2023Q3 us-gaap Development In Process
DevelopmentInProcess
178000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
47000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
130740000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
130208000 usd
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
35656000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
32438000 usd
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
95084000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
97770000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
20100000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
21755000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8239000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18391000 usd
CY2023Q3 us-gaap Marketable Securities
MarketableSecurities
7062000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
3314000 usd
CY2023Q3 lvpb Accounts Receivable And Other Assets
AccountsReceivableAndOtherAssets
2571000 usd
CY2022Q4 lvpb Accounts Receivable And Other Assets
AccountsReceivableAndOtherAssets
1585000 usd
CY2023Q3 us-gaap Assets
Assets
133056000 usd
CY2022Q4 us-gaap Assets
Assets
142815000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
3333000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
2960000 usd
CY2023Q3 us-gaap Other Loans Payable
OtherLoansPayable
58543000 usd
CY2022Q4 us-gaap Other Loans Payable
OtherLoansPayable
60814000 usd
CY2023Q3 us-gaap Notes Payable Current
NotesPayableCurrent
973000 usd
CY2023Q3 lvpb Due To Related Party Current And Non Current
DueToRelatedPartyCurrentAndNonCurrent
361000 usd
CY2022Q4 lvpb Due To Related Party Current And Non Current
DueToRelatedPartyCurrentAndNonCurrent
302000 usd
CY2023Q3 us-gaap Liabilities
Liabilities
63210000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
64076000 usd
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000.0 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000.0 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000.0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000.0 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12900000 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12900000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13000000.0 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13000000.0 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
129000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
130000 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
110504000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
111585000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-183000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-250000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-52696000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44818000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
57754000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
66647000 usd
CY2023Q3 us-gaap Minority Interest
MinorityInterest
12092000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
12092000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69846000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78739000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
133056000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
142815000 usd
CY2023Q3 us-gaap Revenues
Revenues
8316000 usd
CY2022Q3 us-gaap Revenues
Revenues
8218000 usd
us-gaap Revenues
Revenues
22648000 usd
us-gaap Revenues
Revenues
21949000 usd
CY2023Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
5486000 usd
CY2022Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
5063000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
15168000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
13591000 usd
CY2023Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
303000 usd
CY2022Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
221000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
900000 usd
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
928000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
700000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
593000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2015000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1871000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
972000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1191000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3266000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3673000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
7461000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
7068000 usd
us-gaap Costs And Expenses
CostsAndExpenses
21349000 usd
us-gaap Costs And Expenses
CostsAndExpenses
20063000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
1396000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
930000 usd
us-gaap Interest Expense
InterestExpense
3967000 usd
us-gaap Interest Expense
InterestExpense
2300000 usd
CY2022Q3 lvpb Gain On Forgiveness Of Debt
GainOnForgivenessOfDebt
-762000 usd
lvpb Gain On Forgiveness Of Debt
GainOnForgivenessOfDebt
-1893000 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-627000 usd
CY2022Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
283000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2807000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
184000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
198000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
74000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
515000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-970000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1339000 usd
us-gaap Profit Loss
ProfitLoss
-4960000 usd
us-gaap Profit Loss
ProfitLoss
1649000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-970000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1339000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4960000 usd
us-gaap Net Income Loss
NetIncomeLoss
1649000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12941000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12941000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13060000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13060000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12979000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12979000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13091000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13091000 shares
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-970000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1339000 usd
us-gaap Profit Loss
ProfitLoss
-4960000 usd
us-gaap Profit Loss
ProfitLoss
1649000 usd
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
43000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-53000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
67000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-129000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-927000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1286000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4893000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1520000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-927000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1286000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4893000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1520000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79585000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1339000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-53000 usd
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
115000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80756000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80094000 usd
us-gaap Profit Loss
ProfitLoss
1649000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-129000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
858000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80756000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
71963000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-970000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
43000 usd
CY2023Q3 lvpb Distributions Declared
DistributionsDeclared
-973000 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
217000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69846000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78739000 usd
us-gaap Profit Loss
ProfitLoss
-4960000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
67000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1082000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69846000 usd
us-gaap Profit Loss
ProfitLoss
-4960000 usd
us-gaap Profit Loss
ProfitLoss
1649000 usd
lvpb Earnings From Investments In Unconsolidated Affiliated Real Estate Entities
EarningsFromInvestmentsInUnconsolidatedAffiliatedRealEstateEntities
-2807000 usd
lvpb Earnings From Investments In Unconsolidated Affiliated Real Estate Entities
EarningsFromInvestmentsInUnconsolidatedAffiliatedRealEstateEntities
184000 usd
us-gaap Depreciation
Depreciation
3266000 usd
us-gaap Depreciation
Depreciation
3673000 usd
lvpb Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
181000 usd
lvpb Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
183000 usd
lvpb Gain On Forgiveness Of Debt Amount
GainOnForgivenessOfDebtAmount
1893000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
197000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
142000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
1190000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
1081000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
373000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
240000 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
59000 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
1000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
733000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2730000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
532000 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
261000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
10619000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6902000 usd
lvpb Distributions From Unconsolidated Affiliated Real Estate Entity
DistributionsFromUnconsolidatedAffiliatedRealEstateEntity
140000 usd
lvpb Distributions From Unconsolidated Affiliated Real Estate Entity
DistributionsFromUnconsolidatedAffiliatedRealEstateEntity
1636000 usd
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
1292000 usd
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
293000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5401000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1080000 usd
lvpb Payments On Mortgages Payable
PaymentsOnMortgagesPayable
2273000 usd
lvpb Payment Of Loan Fees And Expenses
PaymentOfLoanFeesAndExpenses
179000 usd
lvpb Payment Of Loan Fees And Expenses
PaymentOfLoanFeesAndExpenses
96000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1082000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
858000 usd
lvpb Distributions Paid To Companys Common Stockholders
DistributionsPaidToCompanysCommonStockholders
1945000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5479000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-954000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10147000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2856000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18391000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16639000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8244000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19495000 usd
us-gaap Interest Paid Net
InterestPaidNet
3745000 usd
us-gaap Interest Paid Net
InterestPaidNet
1209000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
313000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
186000 usd
lvpb Distributions Declared But Not Paid
DistributionsDeclaredButNotPaid
973000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
67000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
129000 usd
CY2023Q3 us-gaap Cash
Cash
8239000 usd
CY2022Q3 us-gaap Cash
Cash
19495000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
5000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
8244000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
19495000 usd
CY2023Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2023Q3 us-gaap Revenues
Revenues
8316000 usd
CY2022Q3 us-gaap Revenues
Revenues
8218000 usd
us-gaap Revenues
Revenues
22648000 usd
us-gaap Revenues
Revenues
21949000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zeDwboMmPeIe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_863_zz5tPZSRl4Mi">Concentration of Risk</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">As of September 30, 2023 and December 31, 2022, the Company had cash deposited in certain financial institutions in excess of federally insured levels. The Company regularly monitors the financial stability of these financial institutions and believes that it is not exposed to any significant credit risk in cash and cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
20100000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
21755000 usd
CY2023Q3 us-gaap Pre Opening Costs
PreOpeningCosts
100000 usd
us-gaap Pre Opening Costs
PreOpeningCosts
2300000 usd
CY2022Q3 us-gaap Pre Opening Costs
PreOpeningCosts
300000 usd
us-gaap Pre Opening Costs
PreOpeningCosts
700000 usd
CY2023Q3 lvpb Accrued Loan Fees And Expenses
AccruedLoanFeesAndExpenses
3700000 usd
CY2022Q4 lvpb Accrued Loan Fees And Expenses
AccruedLoanFeesAndExpenses
800000 usd
CY2023Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
7326000 usd
lvpb Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
264000 usd
CY2023Q3 us-gaap Marketable Securities
MarketableSecurities
7062000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2431000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
13000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
263000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2181000 usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
3614000 usd
CY2022 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
13000 usd
CY2022 lvpb Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
313000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
3314000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
563000 usd
CY2023Q3 us-gaap Debt Securities
DebtSecurities
563000 usd
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0833 pure
CY2023Q3 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
57063000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
59050000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61323000 usd
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
507000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
509000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
58543000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
60814000 usd
CY2023Q3 lvpb Prinipal Paydown
PrinipalPaydown
2300000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
32956000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
684000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
25410000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
59050000 usd
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
507000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
58543000 usd
lvpb Common Share Distribution Per Share
CommonShareDistributionPerShare
0.075
lvpb Annualized Dividends Per Share Paid
AnnualizedDividendsPerSharePaid
0.30
CY2023Q3 lvpb Annualized Distribution Rate
AnnualizedDistributionRate
0.03 pure
CY2023Q3 us-gaap Share Price
SharePrice
10.00
lvpb Distribution Paid In Cash
DistributionPaidInCash
1000000.0 usd
lvpb Share Redemption Program Annual Limitation Percentageof Weighted Average Shares Outstanding
ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding
0.005 pure
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
107371 shares
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
10.08
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
95309 shares
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
9.00

Files In Submission

Name View Source Status
lvpb-20230930_cal.xml Edgar Link unprocessable
0001829126-23-007443-index-headers.html Edgar Link pending
0001829126-23-007443-index.html Edgar Link pending
0001829126-23-007443.txt Edgar Link pending
0001829126-23-007443-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lightstonevalue3_10q.htm Edgar Link pending
lightstonevalue3_ex31-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
lightstonevalue3_10q_htm.xml Edgar Link completed
lightstonevalue3_ex31-2.htm Edgar Link pending
lightstonevalue3_ex32-1.htm Edgar Link pending
lightstonevalue3_ex32-2.htm Edgar Link pending
lvpb-20230930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
lvpb-20230930_def.xml Edgar Link unprocessable
lvpb-20230930_lab.xml Edgar Link unprocessable
lvpb-20230930_pre.xml Edgar Link unprocessable