Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Lightstone Value Plus REIT IV, Inc. (LTSV) is a non-listed real estate investment trust sponsored by Lightstone, a privately held real estate investment firm. The company was formed to acquire, own, operate, and selectively dispose of a diversified portfolio of income-producing commercial real estate properties, with a primary focus on value-oriented investments. LTSV operates within the commercial real estate and real estate investment industries, targeting assets that can generate stable cash flows with potential for appreciation through active management.
The REIT’s primary revenue drivers are rental income from its real estate holdings, supplemented by ancillary income related to property operations. LTSV primarily serves institutional and high-net-worth individual investors seeking exposure to private real estate through a non-traded REIT structure. Its strategic positioning centers on leveraging Lightstone’s vertically integrated platform and experience in sourcing, acquiring, and managing properties. The company was incorporated in 2018 and represents the fourth value-plus REIT vehicle sponsored by Lightstone, following earlier programs with similar investment strategies.
Business Operations
Lightstone Value Plus REIT IV, Inc. generates revenue through its ownership and operation of commercial real estate assets, with a concentration in multifamily residential and hospitality properties, consistent with Lightstone’s broader investment focus. The REIT conducts its operations through wholly owned subsidiaries that hold individual properties, enabling asset-level financing and risk management. Property-level cash flows are derived primarily from tenant rents and hotel operating income.
The REIT relies on affiliates of Lightstone for key services, including asset management, property management, and acquisition support, under contractual agreements. While LTSV itself has no employees, these affiliated service arrangements allow it to access Lightstone’s operational infrastructure, market expertise, and investment pipeline. As of the most recent publicly available filings, the company’s operations are primarily domestic, with no confirmed international property holdings. Data inconclusive based on available public sources regarding any joint ventures beyond customary property-level ownership entities.
Strategic Position & Investments
The strategic direction of Lightstone Value Plus REIT IV, Inc. emphasizes capital preservation, income generation, and selective growth through acquisitions of undervalued or underperforming assets where operational improvements can enhance returns. Growth initiatives have focused on deploying raised capital into stabilized or near-stabilized properties in supply-constrained markets, while maintaining moderate leverage in line with non-traded REIT norms.
LTSV’s investment activity is closely aligned with Lightstone’s broader portfolio strategy, though the REIT maintains a separate capital structure and asset base. Notable investments have included multifamily residential properties and hotels operated under nationally recognized brands. The company does not publicly report involvement in emerging technologies, and there is no verified evidence of material investments outside traditional real estate sectors. Data inconclusive based on available public sources regarding future large-scale acquisitions beyond those disclosed in SEC filings.
Geographic Footprint
Lightstone Value Plus REIT IV, Inc. operates primarily within the United States, with properties located in major metropolitan and high-growth regional markets. Its geographic strategy emphasizes areas with favorable demographic trends, employment growth, and long-term demand drivers for housing and lodging.
The REIT’s headquarters are located in New York, co-located with its sponsor, Lightstone. While Lightstone as a sponsor has international real estate exposure, LTSV’s confirmed operational footprint is domestic. Data inconclusive based on available public sources regarding any direct international investments held by the REIT itself.
Leadership & Governance
Lightstone Value Plus REIT IV, Inc. is externally managed and governed by a board of directors, with day-to-day operations overseen by executives affiliated with Lightstone. The leadership philosophy emphasizes disciplined underwriting, active asset management, and alignment of interests between the sponsor and investors through co-investment and long-term ownership.
Key executives and officers associated with the REIT and its sponsor include:
- David Lichtenstein – Chairman and Chief Executive Officer
- Mitchell Hochberg – President
- Steven Brauser – Chief Financial Officer
- Jonathan S. C. Hsu – Chief Investment Officer
These executives collectively bring experience across acquisitions, finance, asset management, and strategic planning within the commercial real estate sector, guiding the REIT’s investment and operational decisions.