Founded by David Lichtenstein in 1988, The Lightstone Group has grown to become one of the largest privately held real estate companies in the United States.

The company currently owns a portfolio of diversified properties in 46 states plus the District of Columbia, Canada, and Puerto Rico, spanning more than 22,000 multifamily units, 680 hotels and approximately 20 million square feet of office, industrial, and retail properties.

In the last year alone, The Lightstone Group completed more than $8.5 billion in acquisitions, the highlight being the company’s significant entrance into the hospitality sector. The Lightstone Group acquired Extended Stay Hotels, becoming the largest owner of mid-price extended-stay hotels in the U.S., with approximately 76,000 rooms located in 44 states and Canada. The company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus, and Crossland.

Through its Prime Retail subsidiary, The Lightstone Group is also one of the largest owners of retail outlet space in the country, with approximately 8 million square feet of retail outlet space. Operating under the Prime Outlets brand, the company has outlet locations in 15 states and Puerto Rico. The acquisition of Prime Retail, and its successful turn around over the past several years, has positioned The Lightstone Group as a nationally recognized expert in repositioning companies.

Some of The Lightstone Group’s additional subsidiaries include:

Prime Group Realty Trust, a real estate investment trust, which owns, manages, leases, develops, and redevelops office and industrial properties, principally in the metropolitan Chicago area.

Beacon Management, one of the foremost players in the multi-family residential housing sector, with corporate offices in the Northeast, Southeast and Midwest regions of the U.S.

Park Avenue Funding, a real estate lending company that employs creative approaches to the financing of complex real estate transactions.

The Lightstone Group’s continued growth is fueled by a passion to achieve excellence in every endeavor. While its growth has been extraordinary, the cornerstone principles of The Lightstone Group have changed very little since its inception. The company is committed to preserving its entrepreneurial culture, to conducting business with unyielding integrity and to making a positive difference in every community in which it invests.

Employing approximately 14,000 staff and professionals, The Lightstone Group maintains its corporate headquarters in New York with regional offices in New Jersey, Maryland Illinois, and South Carolina.

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