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[Video] Lightstone's Multifamily Playbook

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Storm Murphy
April 22, 2026
April 20, 2026
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In this video, we walk through the strategy, track record, and market outlook that define Lightstone's approach to multifamily investing. Multifamily has been the foundation of our firm for nearly four decades, and this overview explains how that experience shapes the way we underwrite, acquire, and operate assets today.

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The video covers:

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  • Our track record across more than 40 multifamily exits since 2004, executed across multiple market cycles.
  • Our current market outlook, why we believe multifamily has moved through its trough, where we see opportunity today, and why selectivity still matters.
  • Our strategy which targets suburban infill and workforce / Class B assets in Tier 2 markets, acquired at discounts to replacement cost with returns driven by cash flow rather than speculative exits.

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Storm Murphy

Storm Murphy is Associate Director of Capital Formation at Lightstone DIRECT, where he helps lead the firm’s capital raising efforts across its multifamily and industrial investment platforms. He combines investment strategy, financial acumen, communication, and strategic marketing to enhance the investment experience for high-net-worth individuals, RIAs, and family offices.

Before joining Lightstone, Storm raised capital across the Midwest in the multifamily space. He holds a Bachelor's in Finance from Wofford College, where he captained the Division I basketball team to an NCAA Tournament appearance and later helped lead Virginia Tech to an ACC Championship. He brings the same leadership, discipline, and competitiveness developed on the court to his work in capital markets. Outside of the office, he’s an avid golfer and enjoys playing Texas Hold’em.

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