Lightstone Value Plus Real Estate Investment Trust III, Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
March 28, 2017 at 12:17 pm
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Lightstone Value Plus Real Estate Investment Trust III, Inc. reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenues of USD 2,774,475 against USD 2,783,155 a year ago. Operating income was USD 706,413 against USD 880,814 a year ago. Net income was USD 415,679 against USD 577,880 a year ago. Net cash provided by operating activities was USD 610,555 against USD 831,100 a year ago. Purchase of real estate was USD 85,842 against USD 35,868 a year ago.
Lightstone Value Plus REIT III, Inc. is a real estate investment trust (REIT). The Company conducts its business through Lightstone Value Plus REIT III LP, a Delaware limited partnership (the Operating Partnership). Through the Operating Partnership, the Company owns, operates, and develops commercial properties and makes real estate-related investments. It has primarily acquired, developed, and operated commercial hospitality properties, principally consisting of limited-service hotels and one full-service hotel, all located in the U.S. Its primary objective is to achieve capital appreciation with a secondary objective of income without subjecting the principal to undue risk. The Company may invest up to 20% of its net assets in collateralized debt obligations, commercial mortgage-backed securities (CMBS) and mortgage and mezzanine loans secured, directly or indirectly, by the same types of properties which it may acquire directly. Its advisor is Lightstone Value Plus REIT III LLC.
LIGHTSTONE VALUE PLUS REIT III, INC. 
