
Lightstone DIRECT provides investors the ability to partner with a $12B+ AUM institution, and invest in the same multifamily and industrial opportunities we pursue with our own capital. For each offering, Lightstone co-invests at least 20% and brings a four-decade track record of delivering strong risk-adjusted returns across market cycles.
Lightstone DIRECT provides investors the ability to partner with a $12B+ AUM institution, and invest in the same multifamily and industrial opportunities we pursue with our own capital. For each offering, Lightstone co-invests at least 20% and brings a four-decade track record of delivering strong risk-adjusted returns across market cycles.

After four decades of outsized returns across multiple economic cycles*, Lightstone DIRECT is partnering with individual investors to offer multifamily and industrial investments through single-asset opportunities that allow investors to take control of their real estate portfolio.
Lightstone commits a minimum of 20% co-investment in every opportunity. Your interests are aligned with your owner/operator to a degree that is rare among real estate investment platforms.
Our $12B+ portfolio spans multifamily, industrial, and other CRE asset classes.
Since 1986, we've consistently delivered strong risk-adjusted returns. Lightstone has averaged a 27.6% IRR and a 2.54x equity multiple on investments realized since 2004.*
You have a direct line to a dedicated member of our Capital Formation team, who can answer any questions about your portfolio.




Every investment passes a rigorous, multi-stage review and is approved by Lightstone’s Principals, including Founder David Lichtenstein and President Mitchell Hochberg. We provide in-depth investment details and educational materials so you can move confidently.
Once you’ve found the right opportunity, you’ll invest as a limited partner through our streamlined platform. Our Capital Formation Team is with you every step of the way. You will always have a named, dedicated point of contact. The entire process is uniquely streamlined to make it easier for you.
Through the same platform, you’ll easily review investment performance, access tax documents and asset updates. Supported by our team, you can grow your real estate portfolio through a steady stream of diverse, timely investments.