Item 5.07 Submission of Matters to a Vote of Security Holders



On December 8, 2022, Lightstone Value Plus REIT III, Inc. (the "Company") held
its annual meeting of stockholders (the "Annual Meeting"). A total of 7.9
million shares of the Company's common stock outstanding and entitled to vote
were represented at the Annual Meeting in person or by proxy, representing
approximately 61.7% of the total number of shares entitled to vote.

At the Annual Meeting, the Company submitted three proposals to the vote of the
Company's stockholders. The proposals are discussed in detail in the Company's
definitive proxy statement dated and filed with the Securities and Exchange
Commission on October 18, 2022. The proposals are summarized below:

1. election of three directors;

2. proposal to amend and restate the Company's charter; and

3. proposal to permit the board of directors to adjourn the meeting, if

necessary, to solicit additional proxies in favor of the first two proposals


    if there were not sufficient votes for the proposals (the "Adjournment
    Proposal").



As of the date of the Annual Meeting, the Company had sufficient votes to
approve all proposals other than the proposal to amend and restate the Company's
charter. The following are the voting results with respect to the election of
three directors and the Adjournment Proposal:

Proposal No. 1. Elect three individuals to serve on the board of directors until
the Company's 2023 annual meeting of stockholders and until their successors are
duly elected and qualify.

The number of votes cast with respect to each of the director nominees were as
follows:

                                                            Against/
                                               For          Withhold         Abstain        Broker Non-Votes

David Lichtenstein (Director)                6,794,324       1,107,570                -                     -

George R. Whittemore (Independent
Director)                                    6,794,962       1,106,932                -                     -

Yehuda "Judah" L. Angster (Independent
Director)                                    6,762,870       1,139,024                -                     -

All of the director nominees were elected.



Proposal No. 3. The number of votes cast with respect to the adjournment
proposal were as follows:

                 Against/
    For          Withhold        Abstain      Broker Non-Votes
  6,271,523       1,286,524       343,847                     -




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The proposal to permit the board of directors to adjourn the meeting, if necessary, to solicit additional proxies in favor of the first two proposals if there were not sufficient votes for the proposals was approved.



Upon approval of the Adjournment Proposal and the election of directors, the
Company adjourned the Annual Meeting until January 17, 2023 in order to solicit
additional votes in favor of the proposal to amend and restate the Company's
charter. The reconvened Annual Meeting will be held on January 17, 2023 at 11:35
a.m., Eastern Time, at the principal executive offices of the Company, 460 Park
Avenue, 13th Floor, New York, New York, 10022.

At the reconvened Annual Meeting, the Company expects to ask stockholders to
vote on the proposal to amend and restate the Company's charter. Valid proxies
for the proposal to amend and restate the Company's charter submitted before the
Annual Meeting and adjournments will continue to be valid for the reconvened
Annual Meeting, unless properly changed or revoked before votes being taken at
the reconvened Annual Meeting. The record date of October 10, 2022 will remain
the same for the reconvened Annual Meeting.


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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



                                         LIGHTSTONE VALUE PLUS REIT III, INC.

Date: December 14, 2022                  By: /s/ Seth Molod
                                             Seth Molod
                                             Chief Financial Officer and
                                             Principal Accounting Officer




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