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[Video] Lightstone's Multifamily Playbook

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Storm Murphy
April 28, 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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FREQUENTLY ASKED QUESTIONS
Industrial
What asset types are offered through Lightstone DIRECT?

Once you have created and verified your account, all live offerings are accessible from your investor dashboard. Each offering page includes a comprehensive set of materials to support your due diligence, including an investment summary, key financial projections, deal terms, and relevant legal documentation. You may review these materials at your own pace prior to making any investment decision. If you require additional information beyond what is provided on the offering page, you may submit an inquiry directly through the platform and a member of the Lightstone DIRECT team will respond accordingly.

What is the typical hold period of an investment?

Once you have created and verified your account, all live offerings are accessible from your investor dashboard. Each offering page includes a comprehensive set of materials to support your due diligence, including an investment summary, key financial projections, deal terms, and relevant legal documentation. You may review these materials at your own pace prior to making any investment decision. If you require additional information beyond what is provided on the offering page, you may submit an inquiry directly through the platform and a member of the Lightstone DIRECT team will respond accordingly.

Multifamily
How do I access and review the details of a live offering on Lightstone DIRECT?

Once you have created and verified your account, all live offerings are accessible from your investor dashboard. Each offering page includes a comprehensive set of materials to support your due diligence, including an investment summary, key financial projections, deal terms, and relevant legal documentation. You may review these materials at your own pace prior to making any investment decision. If you require additional information beyond what is provided on the offering page, you may submit an inquiry directly through the platform and a member of the Lightstone DIRECT team will respond accordingly.

What is the early funding incentive?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

What is the minimum investment amount for deals on the platform?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

Multifamily
What are the eligibility requirements to invest on Lightstone DIRECT?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

How does Lightstone DIRECT differ from other private investment platforms?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

Industrial
When was Lightstone founded?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

Multifamily
What is Lightstone DIRECT?

Lightstone DIRECT is a private investment platform that provides accredited investors with access to institutional-quality real estate offerings. The platform is designed to simplify the process of evaluating, committing to, and managing private real estate investments through a single, secure digital environment.

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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