Lightstone Value Plus Real Estate Investment Trust III, inc. Announces Board Changes
August 16, 2021 at 05:10 pm EDT
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Effective August 10, 2021, the board of directors of Lightstone Value Plus Real Estate Investment Trust III, Inc. elected Yehuda “Judah” L. Angster to the Board to fill a vacancy created by the passing of Edwin J. Glickman in June 2021. Mr. Angster will serve as a member of the Board’s audit committee. Mr. Angster is currently the Chief Executive Officer of CastleRock Equity Group in Florham Park, NJ. Mr. Angster has served as a member of the board of Lightstone Value Plus Real Estate Investment Trust, Inc. from June 2015 through August 2021. Before joining CastleRock Equity Group in June of 2015, Mr. Angster was the Vice President of Global Development for PCS Wireless, LLC in Florham Park NJ beginning in September 2012. Mr. Angster was the Internal Counsel for Empire Bank from June 2009 to September 2012. Mr. Angster earned his J.D. from the Pace University School of Law in May 2009. Mr. Angster earned a Bachelor of Talmudic Law from Tanenbaum Educational Center, Rockland, NY. Mr. Angster is licensed to practice law in New Jersey and New York. Mr. Angster has been selected to serve as an independent director due to his extensive experience in global business development and real estate transactions.
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. 
