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 V, Inc. (LVVP) is a non-traded real estate investment trust (REIT) sponsored by Lightstone Group, LLC, a privately held global real estate investment firm. LVVP was formed to acquire, own, manage, and selectively dispose of income-producing commercial real estate, primarily within the United States, with an emphasis on value-oriented and opportunistic investments. As a non-listed REIT, LVVP does not trade on a public securities exchange and primarily raises capital through private offerings to accredited and eligible retail investors.
The company’s investment strategy has historically focused on acquiring real estate assets where Lightstone believes it can enhance value through active asset management, repositioning, or market recovery. LVVP is externally managed and benefits from Lightstone’s vertically integrated platform, which includes acquisition, development, financing, and property management capabilities. The REIT was incorporated in 2018 and represents the fifth “Value Plus” vehicle sponsored by Lightstone, following prior non-traded REIT offerings under the same brand.
Business Operations
LVVP generates revenue primarily through rental income and, to a lesser extent, gains from property dispositions. Its portfolio has consisted of commercial real estate assets, including hospitality and residential properties, consistent with Lightstone’s broader real estate focus. Operational responsibilities such as asset management, leasing strategy, financing, and disposition execution are performed by affiliates of Lightstone Group, LLC under external management agreements.
The company’s operations are largely domestic, with properties located in select U.S. metropolitan areas. LVVP does not directly employ significant staff; instead, it relies on Lightstone’s internal teams and third-party service providers for day-to-day property operations. Data regarding specific property counts or current portfolio composition is limited in public disclosures, and certain asset-level details are inconclusive based on available public sources.
Strategic Position & Investments
Strategically, LVVP has been positioned as a value-oriented investment vehicle designed to capitalize on pricing dislocations and recovery opportunities in U.S. commercial real estate markets. Its growth initiatives have centered on disciplined acquisitions rather than development-heavy strategies, with an emphasis on downside protection and cash-flow stabilization. Investment pacing and asset selection are influenced by macroeconomic conditions, capital availability, and Lightstone’s internal investment committee process.
LVVP does not operate as a holding company for operating businesses, and it does not publicly disclose a broad portfolio of subsidiaries beyond property-owning special purpose entities. All major investment decisions are overseen by its external advisor, an affiliate of Lightstone Group, LLC, which also sponsors other private and non-traded real estate vehicles. Information on recent acquisitions or dispositions is limited, and certain strategic developments remain data inconclusive based on available public sources.
Geographic Footprint
The company’s operations are concentrated in the United States, with investments targeted in major and secondary metropolitan areas that align with Lightstone’s market research and return objectives. LVVP does not maintain international property holdings directly, nor does it operate offices outside the U.S. Its headquarters address is aligned with its sponsor’s primary offices in New York City, which serves as the central hub for investment and management activities.
While Lightstone Group has a global real estate presence, LVVP’s geographic footprint is more narrowly defined and primarily domestic. Any indirect international exposure would be limited to capital markets activity or financing relationships rather than direct ownership of overseas assets.
Leadership & Governance
LVVP is externally managed and governed by a board of directors, with strategic and operational oversight provided by affiliates of Lightstone Group, LLC. The company does not have a standalone executive management team in the same manner as an operating corporation; instead, senior leadership overlaps with Lightstone’s executives, who set investment strategy and oversee execution.
Key executives associated with the sponsor and management of LVVP include:
- David Lichtenstein – Founder and Chief Executive Officer
- Mitchell Hochberg – Chief Financial Officer
- Jonathan Lichtenstein – President
- Steven Rosenberg – Chief Investment Officer
Leadership philosophy emphasizes vertically integrated real estate management, conservative capital structures, and long-term value creation. Governance practices and executive responsibilities are disclosed through SEC filings associated with the REIT and its offering documents, though certain governance details are inconclusive based on available public sources.