Lightstone REIT IV Sets Dec. 8 Annual Meeting, Board Election Looms

TL;DR

**LTSV's board election is a rubber stamp, but watch the abstentions from the Advisor and Sponsor – it's a subtle power play.**

AI Summary

Lightstone Value Plus REIT IV, Inc. (LTSV) is holding its 2025 Annual Meeting of Stockholders on December 8, 2025, at 9:45 a.m. EST in New York, New York. The primary agenda item is the election of three directors to serve until the 2026 Annual Meeting. The Board of Directors, which currently consists of three members (two independent), held four meetings in 2024, with all directors present at each. The nominees for election are David W. Lichtenstein (Chairman and CEO), Michael J. DeMarco, and Steven Spinola, all of whom are current directors. As of the September 30, 2025 record date, 7.9 million shares of common stock were outstanding and entitled to vote. Notably, Lightstone Real Estate Income LLC (the Advisor) and The Lightstone Group LLC (the Sponsor), which owned 20,000 and 222,222 shares respectively, will abstain from voting their shares in the director election. The company will bear all proxy solicitation costs, including an estimated $8,000 fee to Computershare Fund Services (CFS) for their assistance.

Why It Matters

This DEF 14A filing outlines the upcoming annual meeting for Lightstone Value Plus REIT IV, Inc., primarily focusing on the election of its three-member board. For investors, understanding the board's composition and the voting process is crucial for corporate governance and oversight, especially given the external advisory structure with Lightstone Real Estate Income LLC. The abstention of the Advisor and Sponsor from voting their 242,222 shares in the director election could shift voting power dynamics for other shareholders. In a competitive real estate investment trust market, effective leadership is paramount for strategic asset management and shareholder value creation.

Risk Assessment

Risk Level: low — The risk level is low as this filing is a routine DEF 14A proxy statement for an annual meeting, primarily concerning director elections. There are no indications of significant financial distress, major strategic shifts, or contentious shareholder proposals. The Board of Directors held four meetings in 2024 with full attendance, suggesting active oversight.

Analyst Insight

Investors should review the backgrounds of the nominated directors, David W. Lichtenstein, Michael J. DeMarco, and Steven Spinola, to ensure alignment with their investment strategy. While the board recommends voting FOR all nominees, shareholders should actively cast their vote via internet, telephone, or mail to ensure their voice is heard, especially given the abstention of the Advisor and Sponsor from the director election.

Key Numbers

• December 8, 2025 — Date of Annual Meeting (When stockholders will vote on directors)
• September 30, 2025 — Record Date (Date for determining stockholders entitled to vote)
• 7.9 million — Shares Outstanding (Total common stock shares entitled to vote as of record date)
• 3 — Number of Directors to be Elected (The number of individuals nominated for the Board of Directors)
• 20,000 — Shares owned by Advisor (Shares Lightstone Real Estate Income LLC will abstain from voting)
• 222,222 — Shares owned by Sponsor (Shares The Lightstone Group LLC will abstain from voting)
• $8,000 — Fee for Proxy Solicitor (Amount paid to Computershare Fund Services for proxy solicitation)
• 4 — Board Meetings in 2024 (Number of times the Board of Directors met, with full attendance)
• 9:45 a.m. — Meeting Time (Eastern Standard Time for the 2025 Annual Meeting)
• October 10, 2025 — Proxy Mailing Date (Approximate date proxy materials were first mailed to stockholders)

Key Players & Entities

• Lightstone Value Plus REIT IV, Inc. (company) — Registrant and issuer of common stock
• David W. Lichtenstein (person) — Chief Executive Officer and Chairman of the Board of Directors, nominee for director
• Michael J. DeMarco (person) — Nominee for director
• Steven Spinola (person) — Nominee for director
• Lightstone Real Estate Income LLC (company) — External advisor, owned 20,000 shares
• The Lightstone Group LLC (company) — Sponsor, owned 222,222 shares
• Joseph Teichman (person) — General Counsel and Secretary
• Securities and Exchange Commission (regulator) — Regulatory body for filings
• Computershare Fund Services (company) — Proxy solicitor
• 299 Park Avenue, New York, New York, 10171 (location) — Location of the 2025 Annual Meeting of Stockholders

FAQ

Industry Context

Lightstone Value Plus REIT IV, Inc. operates within the real estate investment trust (REIT) sector, which is sensitive to interest rate changes and economic cycles. The REIT market is competitive, with many players seeking to acquire and manage properties. Trends include a focus on specific property types like multifamily, industrial, or data centers, and increasing reliance on technology for property management and investor relations.

Regulatory Implications

As a publicly traded entity, Lightstone Value Plus REIT IV, Inc. is subject to SEC regulations, including proxy solicitation rules and disclosure requirements. Compliance with these regulations is crucial to maintain investor confidence and avoid penalties. The abstention of the Advisor and Sponsor from voting on director elections, while permissible, highlights the importance of transparency in related-party dealings.

What Investors Should Do

1. Review director nominees and their qualifications.
2. Understand voting requirements for director elections.
3. Submit proxy vote by mail, telephone, or internet.
4. Note the abstention of Advisor and Sponsor shares.

Key Dates

• 2025-12-08: 2025 Annual Meeting of Stockholders — Stockholders will vote on the election of three directors to the Board of Directors.
• 2025-09-30: Record Date — Determines which stockholders are entitled to vote at the annual meeting.
• 2025-10-10: Proxy Mailing Date — The approximate date proxy materials were first mailed to stockholders, initiating the proxy solicitation period.
• 2024-XX-XX: Board Meetings — The Board of Directors held 4 meetings in 2024, with all directors attending, indicating active governance.

Glossary

DEF 14A

A filing with the SEC that provides detailed information to stockholders in connection with the solicitation of proxies for an annual or special meeting of security holders. (This document is the proxy statement for Lightstone Value Plus REIT IV, Inc.'s 2025 Annual Meeting.)

Proxy

A document that authorizes another person to act on behalf of the shareholder, typically to vote their shares at a meeting. (Stockholders can vote by proxy via internet, telephone, or mail if they cannot attend the annual meeting.)

Record Date

A specific date set by the company to determine which shareholders are eligible to receive notice of and vote at a shareholder meeting. (September 30, 2025, is the record date for the 2025 Annual Meeting, meaning only shareholders as of this date can vote.)

Broker Non-Vote

Occurs when a broker holding shares for a beneficial owner does not vote on a proposal because they lack discretionary authority and have not received voting instructions from the owner. (Broker non-votes will be counted as votes against the director nominees, as the election requires a majority of votes present.)

Quorum

The minimum number of shares that must be represented at a meeting for business to be legally transacted. (A quorum requires the presence, in person or by proxy, of stockholders entitled to cast a majority of all votes.)

Advisor

Lightstone Real Estate Income LLC, the external advisor to the REIT. (The Advisor owns 20,000 shares but will abstain from voting on director elections.)

Sponsor

The Lightstone Group LLC, the sponsor of the REIT. (The Sponsor owns 222,222 shares but will abstain from voting on director elections.)

Year-Over-Year Comparison

This filing pertains to the 2025 Annual Meeting, and direct year-over-year comparisons of financial metrics like revenue, net income, or margins are not available within this proxy statement. The focus is on the upcoming director elections and corporate governance. The previous filing would have detailed the 2024 Annual Meeting and the financial performance for the year ending December 31, 2023.

Key Financial Figures

• $8,000 — We will pay CFS a fee of approximately $8,000 in addition to reimbursement of its rea

Filing Documents

• lvvr4def14a092525.htm (DEF 14A) — 231KB
• proxy_001.jpg (GRAPHIC) — 143KB
• proxy_002.jpg (GRAPHIC) — 112KB
• 0001185185-25-001347.txt ( ) — 584KB

From the Filing

DEF 14A 1 lvvr4def14a092525.htm FORM DEF 14A UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Definitive Additional Materials Soliciting Material under § 240.14a-12 LIGHTSTONE VALUE PLUS REIT IV, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11 LIGHTSTONE VALUE PLUS REIT IV, INC. 1985 Cedar Bridge Avenue, Suite 1 Lakewood, New Jersey 08701 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held December 8, 2025 To the Stockholders of Lightstone Value Plus REIT IV, Inc.: I am pleased to invite our stockholders to the 2025 Annual Meeting of Stockholders of Lightstone Value Plus REIT IV, Inc., a Maryland corporation. The annual meeting will be held at 299 Park Avenue, New York, New York, 10171, at 9:45 a.m., Eastern Standard Time, on December 8, 2025. At the meeting, you will be asked to: elect three individuals to serve on the Board of Directors until our 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualify; and conduct such other business as may properly come before the annual meeting or any adjournment or postponement of the Annual Meeting. Our Board of Directors has fixed the close of business on September 30, 2025 as the record date for the determination of stockholders entitled to notice of and to vote at the meeting or any adjournment or postponement thereof. Record holders of shares of our common stock at the close of business on the record date are entitled to notice of and to vote at the annual meeting. For further information regarding the matters to be acted upon at the annual meeting, I urge you to carefully read the accompanying proxy statement. If you have questions about the proposal or would like additional copies of the proxy statement, please contact: Lightstone Value Plus REIT IV, Inc., 1985 Cedar Bridge Avenue, Suite 1, Lakewood, New Jersey 08701. Whether you plan to attend the annual meeting and vote or not, we urge you to have your vote recorded as early as possible. Stockholders have the following three options for submitting their votes by proxy: (1) via the Internet; (2) by telephone; or (3) by mail, using the enclosed proxy card. YOUR VOTE IS VERY IMPORTANT! Your immediate response will help avoid potential delays and may save us significant additional expenses associated with soliciting stockholder votes. You are cordially invited to attend the 2025 Annual Meeting of Stockholders. Your vote is important. By Order of the Board of Directors, Joseph Teichman General Counsel and Secretary Lakewood, New Jersey October 1, 2025 LIGHTSTONE VALUE PLUS REIT IV, INC. PROXY STATEMENT TABLE OF CONTENTS INTRODUCTION 1 INFORMATION ABOUT THE MEETING AND VOTING 2 PROPOSAL ONE: ELECTION OF DIRECTORS 6 CORPORATE GOVERNANCE 9 DIRECTOR AND EXECUTIVE COMPENSATION 12 DIRECTORS AND EXECUTIVE OFFICERS 13 STOCK OWNERSHIP BY DIRECTORS, OFFICERS AND CERTAIN SHAREHOLDERS 14 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 15 RELATIONSHIP WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 19 AUDIT COMMITTEE REPORT 20 INDEPENDENT DIRECTORS' REPORT 21 OTHER MATTERS PRESENTED FOR ACTION AT 2025 ANNUAL MEETING OF STOCKHOLDERS 23 STOCKHOLDER PROPOSALS FOR 2026 ANNUAL MEETING OF STOCKHOLDERS 24 i Table of Contents LIGHTSTONE VALUE PLUS REIT IV, INC. 1985 Cedar Bridge Avenue, Suite 1 Lakewood, New Jersey 08701 PROXY STATEMENT INTRODUCTION The accompanying proxy, mailed together with this proxy statement, is solicited by and on behalf of the board of directors (the “Board of Directors”) of Lightstone Value Plus REIT IV, Inc., a Maryland corporation (which we refer to in this proxy statement as the “Company”), for use at the 2025 Annual Meeting of Stockholders and at any adjournment or postponement thereof. References in this proxy statement to “we,” “us,” “our” or like terms also refer to the Company, and references in this proxy statement to “you” refer to the stockholders of the Company. The mailing address of our principal executive offices is 1985 Cedar Bridge Avenue, Suite 1, Lakewood, New Jersey 08701. This proxy statement, the accompanying proxy card and notice of annual meeting are first being mailed to our stockholders on or about October 10, 2025. The 2024 Ann

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