| x | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|----------------------------------------------------------------------------------------------------|

| Maryland                                                                |   | 20-1237795                                    |
|-------------------------------------------------------------------------|--------|-----------------------------------------------|
| (State      or Other Jurisdiction ofIncorporation      or Organization) |   | (I.R.S.      EmployerIdentification      No.) |
|                                                                    |   |                                          |
| 1985      Cedar Bridge Avenue, Suite 1,Lakewood,      NJ                |   |  08701                                   |
| (Address      of Principal Executive Offices)                           |   | (Zip      Code)                               |

| Title      of Each Class |   | Name      of Each Exchange on Which Registered |
|--------------------------|--------|------------------------------------------------|
| None                     |   | None                                           |

| Large      Accelerated Filer  ̈ | Accelerated      Filer  ̈ | Non-Accelerated      Filer x |
|-------------------------------------|-------------------------------|------------------------------|

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|  |        Exhibit 10.62 — | Contribution      Agreement, dated as of December 8, 2009, by and among Simon Property Group      Inc, Simon Property Group, L.P, Marco Capital Acquisition, LLC, Lightstone      Value Plus REIT, LP, Pro-DFJV Holdings LLC, Lightstone Holdings, LLC,      Lightstone Prime, LLC, BRM, LLC, Lightstone Real Property Ventures Limited      Liability Company, PR Lightstone Manager, LLC, Prime Outlets Acquisition      Company LLC, and Lightstone Value Plus Real Estate Investment Trust,      Inc. |
|--|-----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |        Exhibit 10.63 — | Amendment      No. 1 to the Contribution Agreement, dated as of May 13, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC. |
|--|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |        Exhibit 10.64 — | Amendment      No. 2 to the Contribution Agreement, dated as of June 28, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC. |
|--|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |        Exhibit 10.65 — | Amendment      No. 3 to the Contribution Agreement, dated as of August 30, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC. |
|--|-----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  EXHIBITNO.   |   |  DESCRIPTION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit      10.62 |   | Contribution      Agreement, dated as of December 8, 2009, by and among Simon Property Group      Inc, Simon Property Group, L.P, Marco Capital Acquisition, LLC, Lightstone      Value Plus REIT, LP, Pro-DFJV Holdings LLC, Lightstone Holdings, LLC,      Lightstone Prime, LLC, BRM, LLC, Lightstone Real Property Ventures Limited      Liability Company, PR Lightstone Manager, LLC, Prime Outlets Acquisition      Company LLC, and Lightstone Value Plus Real Estate Investment Trust,      Inc. |
|               |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Exhibit      10.63 |   | Amendment      No. 1 to the Contribution Agreement, dated as of May 13, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC.                                                                                                                                                                                                                                         |
|               |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Exhibit      10.64 |   | Amendment      No. 2 to the Contribution Agreement, dated as of June 28, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC.                                                                                                                                                                                                                                        |
|               |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Exhibit      10.65 |   | Amendment      No. 3 to the Contribution Agreement, dated as of August 30, 2010, by and      among Simon Property Group Inc., Simon Property Group, L.P., Marco Capital      Acquisition, LLC, Lightstone Prime, LLC and Prime Outlets Acquisition      Company LLC.                                                                                                                                                                                                                                      |

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SIGNATURES

|   | LIGHTSTONE      VALUE PLUS REAL ESTATE |
|--------|----------------------------------------|
|   | INVESTMENT      TRUST, INC.            |
|   |                                   |   |
|   | LIGHTSTONE      VALUE PLUS REAL ESTATE |
|   | INVESTMENT      TRUST, INC.            |
|   |                                   |   |
|   | By:                               | /s/ Donna Brandin |
|   |                                   | Donna      Brandin |
|   |                                   | Chief      Financial Officer andPrincipal      Accounting Officer |

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