THE LIGHTSTONE GROUP NAMES JOSHUA KORNBERG
SENIOR VICE PRESIDENT, DIRECTOR OF ACQUISITIONS


LAKEWOOD, NJ -- (SEPTEMBER 28, 2006) – The Lightstone Group, one of the largest private real estate owners in the country, has named Joshua Kornberg Senior Vice President, Director of Acquisitions.

In this role, Mr. Kornberg will lead a team responsible for identifying and securing acquisition and strategic relationship opportunities across the country for the Lightstone Group.

“We’re constantly on the hunt for acquisitions in markets nationwide that make sense, and will ultimately help the long term growth of this firm. Josh Kornberg is the right candidate to manage our acquisition business, which will serve as a perfect complement to our organic growth plans, ” said David Lichtenstien, Chairman and CEO of the Lightstone Group.

Mr. Kornberg has over ten years previous experience in acquisitions, development, and asset management. He was previously employed by The RREEF Funds, Morgan Stanley and TrizecHahn.

Mr. Kornberg holds an MBA from York University with dual specialization in Finance and Real Estate.