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Lightstone Value Plus REIT discloses result of tender offer

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Lightstone Value Plus REIT discloses result of tender offer

Lightstone Value Plus Real Estate Investment Trust Inc.'s tender offer to buy up to 1.0 million shares of its common stock at $7.00 per share expired July 20.

Under the offer, a total of 184,509 shares were validly tendered and not withdrawn, and the company has accepted these shares for purchase for a total cost of roughly $1.3 million, excluding fees and expenses related to the offer. The shares represent about 0.75% of the diversified REIT's issued and outstanding shares as of June 30, according to a filing.

The company previously extended the expiration date of the tender offer to July 20 from July 13.