

0:02: Our eagle's eye view and our oversight into how trends and themes are forming within our portfolio is such an unrivaled insight that many competitors don't have.
0:11: Our chairman started with a couple unit property in New Jersey to now owning north of 25,000 units nationwide.
0:20: We invest across different asset classes.
0:22: We have entire teams that focus on industrial real estate, entire teams that focus on multifamily real estate.
0:28 So the ability to see vacancy, expenses, how trends are happening, boots on the ground, and to have this massive web across the country for oversight and to inform us on major decisions on new deals is probably one of the biggest benefits that we have as a company.
0:43: We now have north of $12 billion of assets under management.
0:46: And the company has achieved a net 27.6% IRR and a net 2.54x equity multiple on exit since 2004, which is very impressive by any standard.
0:58: We've spent the last 40 years really primarily investing our own capital into private real estate, and what makes Lightstone DIRECT different is that you have a $12 billion vertically integrated real estate owner operator providing an opportunity for investors to come in and really have a seat at our table to invest on a deal by deal basis.