Bruce Schanzer Joins the Board of Lightstone Real Estate Investment Trust V

Bruce Schanzer Joins the Board of Lightstone REIT V

On October 24, 2025, Lightstone Real Estate Investment Trust (REIT) V announced the appointment of Bruce Schanzer, a seasoned expert in real estate investment, to its Board of Directors. His extensive background in the industry positions him as a valuable asset to the organization's strategic direction and investment strategies.

Mitchell Hochberg, Chairman of Lightstone REIT V, expressed excitement about Schanzer's addition to the team, commenting, "We are thrilled to welcome Bruce to the Board of Directors. With his deep understanding of the industry and hands-on experience managing REITs to deliver strong returns, we are confident that Bruce will bring valuable expertise and perspective to our ongoing investment efforts."

Schanzer is the current Chairman and Chief Investment Officer of Erez Asset Management, LLC, a firm concentrating on finding investment opportunities within small-cap REITs. His previous leadership role as President, CEO, and Director of Cedar Realty Trust, enabled him to steer the company through a transformative journey over 11 years, turning it into a leading performer compared to the FTSE NAREIT Shopping Center Index. Before his tenure at Cedar, he held senior positions in real estate investment banking, including roles at Goldman Sachs and Merrill Lynch.

Lightstone REIT V has recently been recognized for its performance, having secured the top spot in the annualized 5-year performance rankings for Lifecycle REITs as reported in the First Quarter 2025 issue of The Stanger Report. This accolade underscores their successful efforts in the non-listed REIT sector.

About Lightstone REIT V

Established in January 2007, Lightstone Value Plus REIT V focuses on acquiring and managing commercial real estate assets with opportunities for growth. The REIT primarily targets properties that require development, redevelopment, or repositioning in high-growth markets. Their adaptive and value-add investment approach also extends to real estate-related assets that offer prospects for better income. Over the years, this strategy has led to a diverse portfolio encompassing office spaces, industrial properties, retail environments, hospitality venues, and multifamily developments.

Lightstone, founded by David Lichtenstein, stands as one of the most diversified privately-held real estate firms within the United States. With headquarters in New York City, the company is operational across 26 states, actively engaged in developing, managing, and investing across various real estate sectors, including residential, hospitality, commercial, and retail. Its current portfolio is substantial, boasting over 235 properties valued at more than $12 billion, featuring an impressive array of industrial, commercial, and residential assets.

Schanzer’s wealth of knowledge and experience significantly enhances Lightstone's capacity to navigate the evolving landscape of real estate investment, reinforcing its mission to adapt to shifting market dynamics and seize emerging opportunities. His appointment signals a continued commitment to excellence and innovation within Lightstone REIT V, aiming for sustained growth and superior returns for all stakeholders involved.