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NET IRR

%

NET AVG. CASH-ON-CASH RETURN

%

TRANSACTION OVERVIEW

City, State

Minium Investment

NET EQUITY MULTIPLE

x

TARGET TERM

Years

Months

Strategy

STABILIZED YIELD ON COST

%

CAP RATE

%

OCCUPANCY

%

% OF REPLACEMENT COST

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New York Mills, NY
FREQUENTLY ASKED QUESTIONS
No items found.
Are investments made through Lightstone DIRECT guaranteed?

No, investments through Lightstone DIRECT are not guaranteed. Like all private real estate investments, they carry risks, including market fluctuations, property performance, and economic conditions. While we conduct thorough due diligence and actively manage assets to help protect investor capital, there is no guarantee of returns or principal preservation.

No items found.
What types of real estate investments are offered through Lightstone DIRECT?

Lightstone DIRECT focuses on institutional-quality real estate investments across multifamily and industrial asset classes, including both value-add strategies and stabilized, income-generating properties. We primarily offer deal-by-deal investment opportunities rather than a blind fund model, giving investors the ability to self-select their desired investments within sectors where Lightstone has a strong history of outperforming projections. Lightstone DIRECT shares the same investment committee as Lightstone and is vertically integrated, with dedicated asset and property management teams in-house. There is no middleman or third-party syndication in Lightstone DIRECT deals - investments are structured as a joint venture.

No items found.
What is the typical hold period of an investment?

The exit strategy for Lightstone DIRECT investments will vary depending on the specific deal, but most will fit between a 3 to 5 year hold period after executing the business plan of improving the property value through renovations and leasing. Lightstone will have the management decision to execute this strategy and sell, where investors will not hold voting interest.

No items found.
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.

25th Street Plaza
What is the early funding incentive?

Investors who complete and fund their subscriptions prior to the initial closing may be eligible for an early funding incentive, as outlined in the applicable offering materials. To learn more, view "Our Early Funding Investment Incentive."

No items found.
What is the minimum investment amount for deals on the platform?

The minimum investment starts at $100,000, though this may vary depending on the specific deal. All minimums will be clearly stated in the offering documents, and investors will have the opportunity to review these before committing capital.

No items found.
What are the eligibility requirements to invest on Lightstone DIRECT?

To invest with Lightstone DIRECT, investors must meet the SEC’s criteria of being an accredited investor. This includes having an annual income of over $200,000 (or $300,000 jointly with a spouse or spousal equivalent) for the past two years with a reasonable expectation of the same in the current year, or possessing a net worth of over $1 million individually or jointly, excluding the value of a primary residence. Individuals can also qualify by holding certain financial industry licenses, such as the Series 7, 65, or 82, or by being a knowledgeable employee of a private fund. Entities can qualify if they have over $5 million in assets, are composed entirely of accredited investors, or are recoimgnized institutions like banks, insurance companies, or registered investment advisers. The definition also includes certain family offices and spousal equivalents, broadening access based on sophistication and professional experience, not just wealth.

No items found.
How does Lightstone DIRECT differ from other private investment platforms?

Lightstone DIRECT differs from typical crowdfunding or private syndication platforms by eliminating middlemen and blind pools. It allows accredited investors to co-invest directly alongside Lightstone, a $12 billion real estate owner/operator. Lightstone invests a minimum of 20% of the equity in every single investment opportunity on the Lightstone DIRECT platform.

1901 Corporate Center
When was Lightstone founded?

The Lightstone Group was founded in 1986 by Chairman and CEO David Lichtenstein, following his first property purchase. The company is headquartered in New York City and has grown into one of the largest privately held real estate firms in the United States.

No items found.
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.

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FREQUENTLY ASKED QUESTIONS
No items found.
Are investments made through Lightstone DIRECT guaranteed?

No, investments through Lightstone DIRECT are not guaranteed. Like all private real estate investments, they carry risks, including market fluctuations, property performance, and economic conditions. While we conduct thorough due diligence and actively manage assets to help protect investor capital, there is no guarantee of returns or principal preservation.

No items found.
What types of real estate investments are offered through Lightstone DIRECT?

Lightstone DIRECT focuses on institutional-quality real estate investments across multifamily and industrial asset classes, including both value-add strategies and stabilized, income-generating properties. We primarily offer deal-by-deal investment opportunities rather than a blind fund model, giving investors the ability to self-select their desired investments within sectors where Lightstone has a strong history of outperforming projections. Lightstone DIRECT shares the same investment committee as Lightstone and is vertically integrated, with dedicated asset and property management teams in-house. There is no middleman or third-party syndication in Lightstone DIRECT deals - investments are structured as a joint venture.

No items found.
What is the typical hold period of an investment?

The exit strategy for Lightstone DIRECT investments will vary depending on the specific deal, but most will fit between a 3 to 5 year hold period after executing the business plan of improving the property value through renovations and leasing. Lightstone will have the management decision to execute this strategy and sell, where investors will not hold voting interest.

No items found.
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.

25th Street Plaza
What is the early funding incentive?

Investors who complete and fund their subscriptions prior to the initial closing may be eligible for an early funding incentive, as outlined in the applicable offering materials. To learn more, view "Our Early Funding Investment Incentive."

No items found.
What is the minimum investment amount for deals on the platform?

The minimum investment starts at $100,000, though this may vary depending on the specific deal. All minimums will be clearly stated in the offering documents, and investors will have the opportunity to review these before committing capital.

No items found.
What are the eligibility requirements to invest on Lightstone DIRECT?

To invest with Lightstone DIRECT, investors must meet the SEC’s criteria of being an accredited investor. This includes having an annual income of over $200,000 (or $300,000 jointly with a spouse or spousal equivalent) for the past two years with a reasonable expectation of the same in the current year, or possessing a net worth of over $1 million individually or jointly, excluding the value of a primary residence. Individuals can also qualify by holding certain financial industry licenses, such as the Series 7, 65, or 82, or by being a knowledgeable employee of a private fund. Entities can qualify if they have over $5 million in assets, are composed entirely of accredited investors, or are recoimgnized institutions like banks, insurance companies, or registered investment advisers. The definition also includes certain family offices and spousal equivalents, broadening access based on sophistication and professional experience, not just wealth.

No items found.
How does Lightstone DIRECT differ from other private investment platforms?

Lightstone DIRECT differs from typical crowdfunding or private syndication platforms by eliminating middlemen and blind pools. It allows accredited investors to co-invest directly alongside Lightstone, a $12 billion real estate owner/operator. Lightstone invests a minimum of 20% of the equity in every single investment opportunity on the Lightstone DIRECT platform.

1901 Corporate Center
When was Lightstone founded?

The Lightstone Group was founded in 1986 by Chairman and CEO David Lichtenstein, following his first property purchase. The company is headquartered in New York City and has grown into one of the largest privately held real estate firms in the United States.

No items found.
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.

NEWS & INSIGHTS

Market Perspective
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The Bonus Depreciation Whiplash: From 40% to 100% and What the OBBBA Means for Real Estate Investors
The OBBBA restored 100% bonus depreciation permanently for qualifying property. Here's what changed for accredited investors in private real estate and why the benefit doesn't reach REIT shareholders.
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