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The Lightstone
DIRECT Advantage
The Lightstone
DIRECT Advantage
With Lightstone DIRECT, qualified individuals can now partner directly with Lightstone, and invest in the same multifamily and industrial real estate investments that have made us successful for four decades. There’s no middlemen. You have a direct line to your partner. Lightstone invests 20%+ in each deal. Our capital works right beside yours.
$12B+
27.6%
27.6%
2.54x
2.54x
TRANSACTION OVERVIEW
Hidden Lakes Apartments is a 384 unit, free-market, garden multifamily apartment complex located in Grand Rapids, Michigan.
City, State
Grand Rapids
Michigan
Minimum Investment
$100,000
HOLD PERIOD
4
Years
Months
Strategy
Value-add
TARGET IRR
%
TARGET CASH-ON-CASH RETURN
%
CAP RATE
%
Hidden Lakes Apartments
TRANSACTION OVERVIEW
Abernathy Industrial Park is currently a 100% leased, six-building logistics campus in the Greenville–Spartanburg corridor.
City, State
Greenville
South Carolina
Minimum Investment
$100,000
HOLD PERIOD
4
Years
Months
Strategy
Light Value-Add
TARGET IRR
%
TARGET CASH-ON-CASH RETURN
%
CAP RATE
6.5
%
Abernathy Industrial Park
Lightstone DIRECT deals
Industrial Portfolio
Multifamily Portfolio
Other CRE
From One Property To A $12B+ Portfolio
In 1986, Lightstone began with an $89,000 investment in a two-family home. Today that one investment has grown into a $12B+ institutional portfolio, making Lightstone one of the most innovative and highly respected privately held real estate firms in the U.S.
Over the ensuing four decades, Lightstone’s portfolio has grown across all major CRE asset classes, and markets across the U.S. The firm has developed award-winning hotels, executed on dozens of complex, eight-figure transactions, and been recognized as a top workplace in the country for several years running.
Now individuals can access these same wealth opportunities through Lightstone DIRECT. With our 20% minimum co-investment and direct-to-investor sponsor model, this is a true partnership.
Lightstone has delivered impressive returns spanning four decades across multiple economic cycles. Lightstone DIRECT has delivered for our institutional partners across multiple investment cycles for four decades. Now it’s time for us to deliver for individual partners like you.
$12B+
15M+
26
25,000+
Proven leaders you can trust
David Lichtenstein
David Lichtenstein is Chairman and CEO of Lightstone, which he founded in 1986. In addition to chairing the Board of Directors, he provides strategic oversight for all aspects of the acquisition, financing, and management of the Company’s diverse portfolio of multifamily, hospitality, industrial and commercial properties. Mr. Lichtenstein serves on the Board of Governors of the Real Estate Board of New York, and is a Member of both The Economic Club of New York and the Real Estate Roundtable. He is a Trustee of The Touro College and University System and sits on the Board Supervisory Committee for The New York Medical College.
Mr. Lichtenstein previously served on the NYC Economic Development Corporation’s Board of Directors, appointed by New York City Mayor Bill de Blasio. He was also Co-Chair of the Real Estate Roundtable’s Real Estate Capital Policy Advisory Committee and a Trustee of the Citizens Budget Commission. He was formerly a member of the Brookings Institution’s Economic Studies Council.
David Lichtenstein
Mitchell Hochberg
Mitchell C. Hochberg is President of Lightstone. He has more than 30 years of experience in every facet of real estate development and operations, including the residential, hospitality, commercial, gaming, and mixed-use sectors. He founded and for 20 years served as the President and Chief Executive Officer of Spectrum Communities, a premier residential developer in the northeastern United States. Thereafter, he served as President and Chief Operating Officer of Ian Schrager Company, a developer and manager of innovative luxury hotels and residential projects in the United States. For 10 years until its sale to LVMH in 2019, Mr. Hochberg served on the Board of Directors of Belmond (NYSE: BEL; formerly Orient-Express Hotels Ltd.), as Chairman of the Investment Committee, and member of the Audit and Nominating and Governance Committees.
Mr. Hochberg provides strategic guidance to the Lightstone DIRECT team on a day-to-day basis.
Mr. Hochberg serves as First Vice Chair of WMC Health, having recently completed a six-year term as Chairman of the Board of Directors. WMC Health is a $2.2 billion, 9 hospital, regional healthcare network including trauma centers, community hospitals, and the region’s only children’s hospital, spanning 6,200 square miles with a workforce of 13,000 people. Mr. Hochberg is an Attorney at Law and a Certified Public Accountant. He received his law degree as a Harlan Fiske Stone Scholar from Columbia University School of Law. He graduated magna cum laude from New York University College of Business and Public Administration with a Bachelor of Science degree in accounting and finance.
Mitchell Hochberg
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