Lightstone Value Plus Real Estate Investment Trust, Inc. (the “Company”) announced today that it has extended the expiration date of its tender offer to purchase up to 1,000,000 shares of the Company’s common stock, par value $0.01 per share, for cash at a purchase price equal to $7.00 per share, or $7.0 million in the aggregate (the “Offer”) from July 13, 2018 to July 20, 2018, unless extended.
Through July 12, 2018, the Company had received requests to tender approximately 154,000 shares for approximately $1.1 million.
This press release is a summary provided for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of the Company. More information about the Offer (including the terms and conditions thereof) is included in the Offer to Purchase, dated June 14, 2018, the related Letter of Transmittal and other related materials (collectively, the “Offer Materials”), which have been filed as exhibits to the Company’s Tender Offer Statement on Schedule TO, as amended, which has been filed with the Securities and Exchange Commission and can be found on the Securities and Exchange Commission’s website, www.sec.gov, or in the “SEC Filings” section of the Company’s website, www.lightstonecapitalmarkets.com. Questions, requests for assistance and requests for additional copies of the Offer Materials may be directed to Lightstone Investor Services by telephone toll free at 888-808-7348. The Company will promptly furnish to stockholders additional copies of the Offer Materials at the Company’s expense.