Lightstone Value Plus REIT IV Inc (LTSV) is a non-traded real estate investment trust that acquires and manages a portfolio of real estate assets including hospitality and other property types. The company generates income through property operations, with net investment property of $120.5 million and an investment in unconsolidated affiliated real estate entity of $5.4 million as of December 31, 2025. LTSV has no employees and is externally managed by Lightstone Real Estate Income LLC, its advisor, which is majority owned by David Lichtenstein, who also serves as Chairman and CEO. The company's Common Shares are not listed on any national securities exchange. LTSV competes for properties and tenants against other REITs, banks, insurance companies, institutional investors, and investment banking firms, most of which have materially greater financial resources. The company's charter permits leverage up to 300% of total net assets, approximately 75% of the cost of investments. Founded in 2014, LTSV is sponsored by The Lightstone Group.

Revenue model

Property operations, including hospitality assets managed by unrelated third-party property managers. The company also holds an investment in an unconsolidated affiliated real estate entity, the Williamsburg Moxy Hotel Joint Venture, in which Lightstone REIT III holds a 25% noncontrolling interest.

Products and services

Real estate investment in hospitality and other property types. Net investment property of $120.5 million as of December 31, 2025. Investment in unconsolidated affiliated real estate entity of $5.4 million as of December 31, 2025.

Customers and end markets

Real estate tenants and hospitality guests. End markets include lodging and real estate income generation for non-traded REIT investors.

Value-chain role

Property owner and investor. Asset management, property management (excluding hospitality), and acquisition, disposition, and financing activities are performed by the external advisor, Lightstone Real Estate Income LLC, and its affiliates. Hospitality properties are managed by unrelated third-party property managers.

Geographic exposure

United States. No specific state-level breakdown supported by the filing excerpts.

Competitors

Other REITs, Specialty finance companies, Savings and loan associations, Banks, Mortgage bankers, Insurance companies, Mutual funds, Institutional investors, Investment banking firms

Source: SEC 10-K, filed 2026-03-30

Industry: Real Estate Investment Trusts