Lightstone Value Plus Real Estate Investment Trust V Inc

Lightstone Value Plus Real Estate Investment Trust V — Behringer Harvard Opportunity REIT II — FY2016 Earnings Presentation

15 slides from Lightstone Value Plus Real Estate Investment Trust V's earnings presentation, Mar 29, 2017

  1. Slide 1: Behringer Harvard Opportunity REIT II, Inc. 2016 Year End Update

    © 2 0 1 7 B e h rin g e r 3917-1 March 29, 2017 Behringer Harvard Opportunity REIT II, Inc. 2016 Year End Update Exhibit 99.1 Lakes of Margate, Margate, FL

  2. Slide 2: Dial-In and Replay Information

    © 2017 Behringer Dial-In and Replay Information To listen to today’s call: Dial: 877-913-1008 Conference ID: 5877401 For a replay of today’s call: Dial: 888-203-1112 Conference ID: 5877401

  3. Slide 3: Forward-Looking Statements

    © 2017 Behringer Forward-Looking Statements This presentation contains forward-looking statements, including discussion and analysis of the financial condition of us and our subsidiaries and other matters. These forward-looking statements are not historical facts but are the intent, belief or curren

  4. Slide 4: Forward-Looking Statements

    © 2017 Behringer Forward-Looking Statements Factors that could cause actual results to differ materially from any forward-looking statements made in the presentation include but are not limited to: • market and economic challenges experienced by the U.S. and global economies or real estate industry

  5. Slide 5: Agenda

    © 2017 Behringer Agenda • Notable Events • Financial Review • Portfolio Updates • Strategy Review • Questions River Club and Townhomes at River Club, Athens, GA

  6. Slide 6: Notable Events – 2016 to Present

    © 2017 Behringer Notable Events – 2016 to Present • Paid a $1.50 per share special cash distribution in January 2016 • Sold Lakewood Flats Apartments for contract price of $68.8 million • Netted $32 million of cash to the Company • Simple annual average return of 23% (property-level) • Established n

  7. Slide 7: Notable Events – 2016 to Present (cont.)

    © 2017 Behringer Notable Events – 2016 to Present (cont.) • Lightstone is the new external advisor and property manager, effective February 10, 2017 • Terms of the advisory and property management agreements are substantially similar to those with previous advisor and property manager • Lightstone i

  8. Slide 8: Financial Review: Selected Financial Data

    © 2017 Behringer Financial Review Selected Financial Data Cash Position (Dollars in thousands, except per share amounts) December 31, December 31, 2016 2015 Change $67,111 $76,815 ($9,704) 2016 2015 Change % Change Rental Revenue 27,630$ 32,556$ (4,926)$ (15.1%) Property Operating Expenses 9,496$ 11

  9. Slide 9: Financial Review (cont.): Portfolio Debt

    © 2017 Behringer Financial Review (cont.) Portfolio Debt (Dollars in thousands) Interest Maturity Description 12/31/16 Rate Date Courtyard - Kauai 38,000$ 30-day LIBOR +0.95%(1) 05/09/17 Gardens Medical Pavilion 12,899 4.90% 01/01/18 River Club and the Townhomes at River Club 23,917 5.26% 05/01/18 P

  10. Slide 10: Behringer Harvard Opportunity REIT II Portfolio

    © 2017 Behringer Behringer Harvard Opportunity REIT II Portfolio River Club 22 Exchange Courtyard by Marriott - Kauai Gardens Medical Pavilion Prospect Park Development Mezzanine Financing Arbors Harbor Town Parkside Apartments Lakes of Margate

  11. Slide 11: Portfolio Update

    © 2017 Behringer  Arbors Harbor Town, Memphis, Tennessee • 94% occupied at the end of February • Average effective in-place rent is $1.30/sf, up over 10% versus year ago • Latest new leases are at approx. $1.30/sf  Lakes of Margate, Margate, Florida • 95% occupied at the end of February • Average

  12. Slide 12: Portfolio Update (cont.)

    © 2017 Behringer Portfolio Update (cont.) Courtyard Kauai, Hawaii (full year 2016) • Revenues: +4.6% YOY • Occupancy: Increased 1.7 pct. pts., to 84.0% • RevPAR: +2.3% YOY • ADR: Flat YOY • NOI: -7.0% YOY River Club Apartments and Townhomes, University of Georgia • Nearly100% occupied for 2016-17

  13. Slide 13: Portfolio Update (cont.)

    © 2017 Behringer Portfolio Update (cont.)  Gardens Medical Pavilion, Palm Beach Gardens, Florida • 72% occupied • Negotiating with several prospective tenants

  14. Slide 14: Operating Strategy

    © 2017 Behringer Operating Strategy 1875 Lawrence, Denver, CO • Lightstone, as the new external advisor and property manager, is currently conducting a full review of the operating strategy of the Company in order to maximize shareholder value: • Manage assets to create value for shareholders • Main

  15. Slide 15: Playback Information

    © 2017 Behringer Playback Information • Presentation and playback will be available at behringerinvestments.com under “Prior Programs Resources” • A dial-in playback will be available at 888-203-1112; use conference ID 5877401 • Playbacks will be available until April 30, 2017.

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