Lightstone
The Lightstone Group is a New York-based diversified real estate company founded by David Lichtenstein in 1988, with significant investments in multifamily residential, hospitality, retail, and mixed-use real estate across the United States. The firm operates as both a principal investor and an alternative investment sponsor, managing non-traded real estate investment products accessible to individual investors through financial advisor distribution channels. Lightstone's investment programs have focused primarily on multifamily residential and hotel assets, seeking to generate current income and capital appreciation through disciplined real estate acquisition, development, and management.
Lightstone's alternative investment platform has included non-traded REITs targeting income-producing real estate assets across multifamily residential communities, extended-stay hotels, and diversified commercial properties. The firm's vertically integrated capabilities — spanning real estate investment, development, property management, and asset management — provide it with comprehensive operational expertise across each stage of the real estate investment lifecycle. Lightstone's development capabilities are particularly noteworthy, having completed significant residential and hospitality development projects in New York and other major markets.
Lightstone Group has established a recognized presence in the alternative real estate investment market, serving individual investors and financial advisors seeking real estate exposure through non-traded REIT and other private real estate investment structures. The firm's combination of principal investment track record, development expertise, and alternative investment management capabilities positions it as a credible and experienced real estate investment organization. Lightstone's continued commitment to identifying and executing on compelling real estate investment opportunities — particularly in multifamily and hospitality sectors — reflects its long-term conviction in these asset classes as sources of attractive, income-oriented returns for investors.