We built Lightstone DIRECT 4 deliverables for free to get you accredited investors outside your existing network.

Accredited Investors: Most syndicators put 1 to 5% of their own capital into the deals they raise from you, while Lightstone commits at least 20% of the equity on every single Lightstone DIRECT offering and has structured the platform so our balance sheet moves with yours on every transaction. • $12B+ AUM owner/operator across multifamily, industrial, hospitality • 27.6% realized net IRR and 2.54x net equity multiple since 2004 • 20%+ GP co-invest in every Lightstone DIRECT deal The current open offering is Hidden Lakes Apartments, a 384-unit value-add garden multifamily community in Grand Rapids, Michigan. Book a 30-minute call with our Capital Formation team to review the full underwriting. Accredited Investors Only. Past performance is not indicative of future results.

Accredited Investors: 27.6% is the net IRR Lightstone has actually delivered on realized investments since 2004, compounded across the global financial crisis, the COVID dislocation, and the 2022 to 2024 rate cycle. • $12B+ AUM across multifamily, industrial, hospitality, retail • 2.54x net equity multiple on realized investments since 2004 • 25,000+ multifamily units and 15M+ square feet of industrial • 20%+ Lightstone GP co-invest on every Lightstone DIRECT offering Now opening single-asset offerings to individual accredited investors through Lightstone DIRECT. Accredited Investors Only. Past performance is not indicative of future results.

Accredited Investors: Every offering on Lightstone DIRECT is a single named asset with a complete underwriting package, a dedicated point of contact on our Capital Formation team, and a Lightstone GP equity commitment of 20% or more. • Hidden Lakes Apartments, 384-unit garden-style, Grand Rapids MI • Value-add strategy, four-year hold, $100,000 minimum • 20%+ Lightstone equity alongside the limited partners • Full underwriting shared on the briefing call Talk to a member of our team and review the deal before any allocation decision. Accredited Investors Only. Past performance is not indicative of future results.

Accredited Investors interested in Midwest multifamily: Hidden Lakes Apartments is a 384-unit, free-market, garden-style multifamily community in Grand Rapids, Michigan, currently open through Lightstone DIRECT on a four-year value-add strategy with Lightstone committing 20%+ of the equity. • 384 units in a resilient secondary market • Four-year hold, $100,000 minimum check • 20%+ Lightstone GP co-invest committed before the LP raise opens Book a 30-minute briefing with our Capital Formation team. Accredited Investors Only. Past performance is not indicative of future results.

Accredited Investors: Lightstone began in 1986 with an $89,000 acquisition of a two-family home, and 40 years later operates a $12B+ portfolio across 25,000+ multifamily units, 15M square feet of industrial, and 26 states. • 27.6% realized net IRR and 2.54x net equity multiple since 2004 • 100+ multifamily properties, 39 industrial properties, 26 states • 20%+ GP co-invest in every Lightstone DIRECT offering Lightstone DIRECT lets accredited investors participate in the same single-asset deals our institutional partners have backed for four decades. Accredited Investors Only. Past performance is not indicative of future results.

Accredited Investors: Every investor on Lightstone DIRECT is assigned a named point of contact on our Capital Formation team who handles the full underwriting package, quarterly performance reporting, and direct access to asset management. • Named Capital Formation contact from first call through exit • Full underwriting transparency on every single-asset offering • Quarterly reporting and direct access to asset management • 20%+ Lightstone GP co-invest alongside your capital Book a 30-minute briefing to see how the relationship actually works. Accredited Investors Only. Past performance is not indicative of future results.