Commitments and Contingencies |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 | |||
| Commitments and Contingencies [Abstract] | |||
| Commitments and Contingencies |
Legal Proceedings
From time to time in the ordinary course of business, Lightstone REIT I may become subject to legal proceedings, claims or disputes.
Various claims have been asserted against the 2nd Street Joint Venture, including rents at Gantry Park Landing that have been in excess of the lawfully allowable amounts. While any dispute has an element of uncertainty, the 2nd Street Joint Venture currently believes that the likelihood of an unfavorable outcome with respect to these matters is remote and therefore, no provision for loss has been recorded in connection therewith.
Other than the aforementioned matter, the Company is not a party to any material pending legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on its results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. |