Our Investments
The Lightstone Group actively pursues new acquisitions throughout the country.
Acquisition Criteria
The Lightstone Group is consistently targeting value-add investment opportunities in growing markets with high barriers to entry. In particular, we are looking for properties that provide us with a competitive advantage that may not be available or obvious to other investors, as well as for properties in distressed situations, preferably those with distressed owners or troubled capital structures. While we prefer portfolio acquisitions, we will also consider large single-property deals. Although our focus is on deals in the $15 million to $25 million range, we are willing to entertain side-by-side partnerships with investors with similar investment philosophies in order to do larger deals.
In particular, the Lightstone Group is looking for
Retail
Neighborhood, community, lifestyle or power retail centers with a minimum of 50,000 square feet of rentable space dating from 1980 and later, with strong anchor tenants, strong market demographics and good visibility and access.
Hospitality
Full service and limited service properties with a minimum of 100 rooms dating from 1980 and later located in major employment nodes.
Multifamily
Multifamily properties, including garden and mid-rise apartment complexes, with a minimum of 100 units dating from 1980 and later.
Industrial
Single- or multi-tenant warehouse/distribution centers with a minimum of 100,000 square feet of rentable space dating from 1980 and later with easy access to transportation and population centers.
Office
Low-rise, mid-rise and high-rise office buildings located in major employment nodes with a minimum of 100,000 square feet of rentable space dating from 1990 and later, with access to area amenities, major roadways and mass transit.
Contact Information
For more information, please contact:
Akiva Elazary
Vice President, Investments
460 Park Avenue - 13th Floor
New York, NY 10022
Phone: 212.616.9984
E-mail: akiva@lightstonegroup.com
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