
Lightstone DIRECT’s Head of Capital Formation, Jon Spitz, and Chief Investment Officer, Greg Fink, share an exclusive deep dive into our newest investment opportunity: Hidden Lakes Apartments.
Hidden Lakes is a 384-unit, garden-style multifamily community located in Grand Rapids, Michigan, one of the Midwest’s most resilient and fastest-growing markets. Acquired directly from the original developers, this well-maintained property has never been institutionally owned and is poised for operational improvements that will help drive additional value.
In this live briefing, Jon and Greg break down how Lightstone plans to leverage its extensive local footprint to drive operational efficiencies, implement targeted upgrades, and deliver durable cash flow.
Note: The return projections referenced in this recording reflect assumptions before the current offering terms. The updated targeting figures are 12.8% net IRR and 7.0% average annual cash-on-cash. All other content — the market analysis, property overview, and investment rationale — remains current.



