{"url_path":"/sec/cik-0001296884/10-q/2026/item-1","section_key":"item-1","section_title":"Item 1 LEGAL PROCEEDINGS**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1296884/0001185185-26-001827-index.html","accession_number":"0001185185-26-001827","cik":"0001296884","ticker":null,"issuer_name":"Lightstone Value Plus REIT I, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1296884/0001185185-26-001827-index.html","primary_entity_key":"0001296884","primary_entity_name":"Lightstone Value Plus REIT I, Inc."},"word_count":147,"has_tables":true,"body_markdown":"** **\n\n**ITEM\n1. LEGAL PROCEEDINGS**\n\n** **\n\nFrom\ntime to time in the ordinary course of business, we may become subject to legal proceedings, claims or disputes.\n\n \n\nVarious\nclaims have been asserted against the 2nd Street Joint Venture, including that the rents at Gantry Park Landing have been\nin excess of the lawfully allowable amounts. While any dispute has an element of uncertainty, the 2nd Street Joint Venture\ncurrently believes that the likelihood of an unfavorable outcome with respect to these matters is remote and therefore, no provision\nfor loss has been recorded in connection therewith.\n\n \n\nOther\nthan the aforementioned matter, the Company is not a party to any material pending legal proceedings of which the outcome is probable\nor reasonably possible to have a material adverse effect on its results of operations or financial condition, which would require accrual\nor disclosure of the contingency and possible range of loss."}