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Name | | Age | | Year First Elected | | Business Experience and Principal Occupation; Directorships in Public Corporations and Investment Companies | | | Age | | Year First Elected | | Business Experience and Principal Occupation; Directorships in Public Corporations and Investment Companies | | ||||||
David Lichtenstein | | 58 | | 2015 | | Mr. David Lichtenstein is our Chief Executive Officer and Chairman of our board of directors. Mr. Lichtenstein founded both American Shelter Corporation and The Lightstone Group. From 1988 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of The Lightstone Group, directing all aspects of the acquisition, financing and management of a diverse portfolio of multifamily, lodging, retail and industrial properties located in 20 states and Puerto Rico. From June 2004 to the present, Mr. Lichtenstein has served as the Chairman of the Board of Directors and Chief Executive Officer of Lightstone Value Plus Real Estate Investment Trust, Inc. (“Lightstone I”) and Chief Executive Officer of Lightstone Value Plus REIT LLC, its advisor. From April 2008 to the present, Mr. Lichtenstein has served as the Chairman of the Board of Directors and Chief Executive Offer of Lightstone Value Plus Real Estate Investment Trust II, Inc. (“Lightstone II”) and Lightstone Value Plus REIT II LLC, its advisor. From September 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Value Plus Real Estate Investment Trust III, Inc, (“Lightstone III”), and as Chief Executive Officer of Lightstone Value Plus REIT III LLC, its advisor. From October 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Enterprises Limited (“Lightstone Enterprises”). Mr. Lichtenstein was appointed Chairman of the Board of Directors of Lightstone Value Plus Real Estate Investment Trust V, Inc. (“Lightstone V”), formerly known as Behringer Harvard Opportunity REIT II, Inc., effective as of September 28, 2017 and is Chairman and Chief Executive Officer of the its advisor. Mr. Lichtenstein was the president and/or director of certain subsidiaries of Extended Stay Hotels, Inc. (“Extended Stay”) that filed for Chapter 11 protection with Extended Stay. Extended Stay and its subsidiaries filed for bankruptcy protection on June 15, 2009 so they could reorganize their debts in the face of looming amortization payments. Extended Stay emerged from bankruptcy on October 8, 2010. Mr. Lichtenstein is no longer affiliated with Extended Stay. From July 2015 to the present, Mr. Lichtenstein has served as a member of the Board of Directors of the New York City Economic Development Corporation. Mr. Lichtenstein is also a member of the International Council of Shopping Centers and the National Association of Real Estate Investment Trusts, Inc., or | | | 59 | | 2015 | | Mr. David Lichtenstein is our Chief Executive Officer and Chairman of our board of directors. Mr. Lichtenstein founded both American Shelter Corporation and The Lightstone Group. From 1988 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of The Lightstone Group, directing all aspects of the acquisition, financing and management of a diverse portfolio of multifamily, lodging, retail and industrial properties located in 20 states and Puerto Rico. From June 2004 to the present, Mr. Lichtenstein has served as the Chairman of the Board of Directors and Chief Executive Officer of Lightstone Value Plus Real Estate Investment Trust, Inc. (“Lightstone I”) and Chief Executive Officer of Lightstone Value Plus REIT LLC, its advisor. From April 2008 to the present, Mr. Lichtenstein has served as the Chairman of the Board of Directors and Chief Executive Offer of Lightstone Value Plus Real Estate Investment Trust II, Inc. (“Lightstone II”) and Lightstone Value Plus REIT II LLC, its advisor. From September 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Value Plus Real Estate Investment Trust III, Inc, (“Lightstone III”), and as Chief Executive Officer of Lightstone Value Plus REIT III LLC, its advisor. From October 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Enterprises Limited (“Lightstone Enterprises”). Mr. Lichtenstein was appointed Chairman of the Board of Directors of Lightstone Value Plus Real Estate Investment Trust V, Inc. (“Lightstone V”), formerly known as Behringer Harvard Opportunity REIT II, Inc., effective as of September 28, 2017 and is Chairman and Chief Executive Officer of the its advisor. From July 2015 to September 2020, Mr. Lichtenstein served as a member of the Board of Directors of the New York City Economic Development Corporation. Mr. Lichtenstein is also a member of the International Council of Shopping Centers and the National Association of Real Estate Investment Trusts, Inc., or NAREIT, an industry trade group, as well as a member of the Board of Directors of Touro College and New York Medical College. | |
Name | | | Age | | | Year First Elected | | | Business Experience and Principal Occupation; Directorships in Public Corporations and Investment Companies | |
| | | | | | | | | NAREIT, an industry trade group, as well as a member of the Board of Directors of Touro College and New York Medical College. Mr. Lichtenstein has been selected to serve as a director due to his experience and networking relationships in the real estate industry, along with his experience in acquiring and financing real estate properties. | |
Edwin J. Glickman | | | 87 | | | 2015 | | | Mr. Glickman is one of our independent directors and is the chairman of our audit committee. From 2004 to January 14, 2015, Mr. Glickman served as a member of the board of directors of Lightstone I, and from 2008 to the present, has served as a member of the board of directors of Lightstone II and from December 2013 to the present has served as a member of the board of directors of Lightstone III. In January 1995, Mr. Glickman co-founded Capital Lease Funding, a leading mortgage lender for properties net leased to investment grade tenants, where he remained as Executive Vice President until May 2003. Mr. Glickman was previously a trustee of publicly traded RPS Realty Trust from October 1980 through May 1996 and Atlantic Realty Trust from May 1996 to March 2006. Mr. Glickman graduated from Dartmouth College. Mr. Glickman has been selected to serve as an independent director due to his extensive experience in mortgage lending and finance. | |
Steven Spinola | | | 70 | | | 2015 | | | Mr. Spinola is one of our independent directors and is a member of our audit committee. Since 1986, Mr. Spinola has been the President of the Real Estate Board of New York (“REBNY”), and as of July 1, 2015 serves as President Emeritus. Prior to becoming REBNY’s President, Mr. Spinola served as President of the New York City Public Development Corporation (now known as the New York City Economic Development Corporation). Mr. Spinola holds a Bachelor of Arts degree from the City College of New York with a concentration in political science and government. Mr. Spinola has been selected to serve as an independent director due to his extensive experience in the real estate industry. | |
Name | | | Age | | | Year First Elected | | | Business Experience and Principal Occupation; Directorships in Public Corporations and Investment Companies | |
| | | | | | | | | Mr. Lichtenstein has been selected to serve as a director due to his experience and networking relationships in the real estate industry, along with his experience in acquiring and financing real estate properties. | |
Edwin J. Glickman | | | 88 | | | 2015 | | | Mr. Glickman is one of our independent directors and is the chairman of our audit committee. From 2004 to January 14, 2015, Mr. Glickman served as a member of the board of directors of Lightstone I, and from 2008 to the present, has served as a member of the board of directors of Lightstone II and from December 2013 to the present has served as a member of the board of directors of Lightstone III. In January 1995, Mr. Glickman co-founded Capital Lease Funding, a leading mortgage lender for properties net leased to investment grade tenants, where he remained as Executive Vice President until May 2003. Mr. Glickman was previously a trustee of publicly traded RPS Realty Trust from October 1980 through May 1996 and Atlantic Realty Trust from May 1996 to March 2006. Mr. Glickman graduated from Dartmouth College. Mr. Glickman has been selected to serve as an independent director due to his extensive experience in mortgage lending and finance. | |
Steven Spinola | | | 71 | | | 2015 | | | Mr. Spinola is one of our independent directors and is a member of our audit committee. Since 1986, Mr. Spinola has been the President of the Real Estate Board of New York (“REBNY”), and as of July 1, 2015 serves as President Emeritus. Prior to becoming REBNY’s President, Mr. Spinola served as President of the New York City Public Development Corporation (now known as the New York City Economic Development Corporation). Mr. Spinola holds a Bachelor of Arts degree from the City College of New York with a concentration in political science and government. Mr. Spinola has been selected to serve as an independent director due to his extensive experience in the real estate industry. | |
Name | | Age | | Principal Occupation and Positions Held | | Served as a Director Since | | | Age | | Principal Occupation and Positions Held | | Served as a Director Since | | ||||||
David Lichtenstein | | 58 | | Chief Executive Officer and Chairman of the Board of Directors | | 2015 | | | 59 | | Chief Executive Officer and Chairman of the Board of Directors | | 2015 | | ||||||
Edwin J. Glickman | | 87 | | Director | | 2015 | | | 88 | | Director | | 2015 | | ||||||
Steven Spinola | | 70 | | Director | | 2015 | | | 71 | | Director | | 2015 | | ||||||
Mitchell Hochberg | | 67 | | President and Chief Operating Officer | | N/A | | | 68 | | President and Chief Operating Officer | | N/A | | ||||||
Joseph Teichman | | 46 | | General Counsel | | N/A | | | 47 | | General Counsel | | N/A | | ||||||
Seth Molod | | 55 | | Chief Financial Officer and Treasurer | | N/A | | | 56 | | Chief Financial Officer and Treasurer | | N/A | |
Name and Address of Beneficial Owner(1) | | Number of Shares of Common Stock of the Company | | Percent of All Common Shares of the Company | | | Number of Shares of Common Stock of the Company | | Percent of All Common Shares of the Company | | ||||||||||||||||
David Lichtenstein(2) | | | | 242,222 | | | | | 2.8% | | | | | | 242,222 | | | | | 2.8% | | | ||||
Edwin J. Glickman | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Steven Spinola | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Shawn Tominus | | | | — | | | | | — | | | |||||||||||||||
Mitchell Hochberg | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Seth Molod | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Joseph Teichman | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Our directors and officers as a group (6 persons) | | | | 242,222 | | | | | 2.8% | | | | | | 242,222 | | | | | 2.8% | | |
| | For the Years Ended December 31, | | | For the Years Ended December 31, | | ||||||||||||||||||||
| | 2018 | | 2017 | | | 2019 | | 2018 | | ||||||||||||||||
Acquisition fee(1) | | | $ | — | | | | $ | 573,750 | | | | | $ | 304,195 | | | | $ | — | | | ||||
Asset management fees (general and administrative costs) | | | | 627,028 | | | | | 574,072 | | | | | | 685,678 | | | | | 627,028 | | | ||||
Total | | | $ | 627,028 | | | | $ | 1,147,822 | | | | | $ | 989,873 | | | | $ | 627,028 | | |
| | 2018 | | 2017 | | | 2019 | | 2018 | | ||||||||||||||||
Audit Fees(a) | | | $ | 102,375 | | | | $ | 89,250 | | | | | $ | 112,875 | | | | $ | 102,375 | | | ||||
Audit-Related Fees(b) | | | | 11,250 | | | | | — | | | | | | — | | | | | 11,250 | | | ||||
Tax Fees(c) | | | | 14,500 | | | | | 18,950 | | | | | | 12,480 | | | | | 14,500 | | | ||||
Total Fees | | | $ | 128,125 | | | | $ | 108,200 | | | | | $ | 125,355 | | | | $ | 128,125 | | |