Partner directly with a $12B+ AUM owner/operator on the same multifamily and industrial deals we put our own balance sheet into. No middlemen. No blind pools. 20%+ Lightstone co-investment in every offering.
A 384-unit, free-market garden multifamily community in Grand Rapids, Michigan. Value-add. Four-year hold. Lightstone is committing 20%+ of the equity and underwriting the deal off our 25,000-unit national operating data set.
The typical syndicator puts in 1% to 5%. Lightstone commits a minimum of 20% of the equity in every Lightstone DIRECT deal. Your interests and ours move in the same direction, by an order of magnitude more than the industry norm.
Lightstone began in 1986 with an $89,000 acquisition. Today the portfolio spans 25,000+ multifamily units, 15M+ square feet of industrial, and 26 states. We have realized a 27.6% net IRR and 2.54x net equity multiple on investments exited since 2004.
Acquisitions, asset management, property management through our affiliate Beacon, and capital formation all sit inside one firm. That gives us live operating data across thousands of units to inform underwriting on each new deal, instead of relying on third-party comps.
Every Lightstone DIRECT offering is a single, named asset with full underwriting and a dedicated point of contact on our Capital Formation team. You see the property, you see the numbers, you decide whether to commit. No blind-pool fund commitments.
In 1986 we bought a two-family home for $89,000. Forty years later we operate one of the most innovative privately-held real estate firms in the United States, across multifamily, industrial, hospitality, and mixed-use.
Tell us your accreditation status, your check size, and the asset class you want exposure to. We will share full underwriting on the open deal, walk through historical performance, and answer everything before you commit a dollar.