{"url_path":"/sec/cik-0001563756/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1563756/0001185185-26-001854-index.html","accession_number":"0001185185-26-001854","cik":"0001563756","ticker":null,"issuer_name":"Lightstone Value Plus REIT III, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1563756/0001185185-26-001854-index.html","primary_entity_key":"0001563756","primary_entity_name":"Lightstone Value Plus REIT III, Inc."},"word_count":428,"has_tables":true,"body_markdown":"**UNITED\nSTATES**\n\n**SECURITIES\nAND EXCHANGE COMMISSION**\n\n**Washington,\nD. C. 20549**\n\n \n\n \n\n \n\n**FORM\n10-Q**\n\n** **\n\n \n\n** **\n\n(Mark\nOne)\n\n \n\n☒  **QUARTERLY\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe quarterly period ended March 31, 2026\n\n \n\nOR\n\n \n\n☐  **TRANSITION\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe transition period from                     \nto                   \n\n \n\nCommission\nfile number 000-55619\n\n \n\n**LIGHTSTONE\nVALUE PLUS REIT III, INC.**\n\n**(Exact\nName of Registrant as Specified in Its Charter)**\n\n \n\n**Maryland**   **46-1140492**\n\n**(State or Other Jurisdiction of**\n\n**Incorporation or Organization)**\n \n**(I.R.S. Employer**\n\n**Identification No.)**\n\n \n\n**1985 Cedar Bridge Avenue, Suite 1**    \n\n**Lakewood, New Jersey**   **08701**\n\n**(Address of Principal Executive Offices)**   **(Zip Code)**\n\n \n\n**(732)\n367-0129**\n\n**(Registrant’s\nTelephone Number, Including Area Code)**\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act: None.\n\n \n\nIndicate\nby check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. \n\nYes \n☑  No ☐\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically, if any, every Interactive Data File required to be submitted pursuant\nto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit and post such files).  \n\nYes\n ☑  No ☐\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”\n“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer   ☐  Accelerated filer ☐ \n\nNon-accelerated filer    ☑ Smaller reporting company   ☑\n\n    Emerging growth company ☐ \n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nYes \n☐  No ☑\n\n \n\nAs\nof May 7, 2026, there were approximately 12.6 million outstanding shares of common stock of Lightstone Value Plus REIT III, Inc., including\nshares issued pursuant to the dividend reinvestment plan.  \n\n \n\n \n\n \n\n \n\n \n\n \n\n**LIGHTSTONE\nVALUE PLUS REIT III, INC. AND SUBSIDIARIES**\n\n \n\n**INDEX**\n\n \n\n \n \n**Page**\n\n**PART I**\n[**FINANCIAL INFORMATION**](#a_001)"}