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Where expertise meets innovation.

 

Lightstone operates across all sectors of the real estate industry. As an investor, developer, lender, operator, and owner, we bring a profound understanding of what it takes to makes an investment successful. This is what differentiates us, allowing us to see opportunities that others don’t recognize and to convert those opportunities into above-market returns.

Capabilities & Expertise

Meet Our Best-In-Class Team
Seth D. Molod
Executive Vice President & Chief Financial Officer
Seth D. Molod,
Executive Vice President & Chief Financial Officer
Seth D. Molod is Executive Vice President and Chief Financial Officer of Lightstone, where he is responsible for overseeing and managing all corporate finance operations. Mr. Molod also serves as CFO of five public non-traded REITS and a director of Lightstone’s entity which has issued bonds listed on the Tel Aviv Stock Exchange. Prior to joining Lightstone, he served as Chair, Real Estate Services and Executive Committee member at Berdon LLP, a leading real estate accounting and consulting firm. Mr. Molod brings over 25 years of extensive experience advising some of the nation’s most prominent real estate owners, developers, managers, and investors in both commercial and residential projects. He has advised privately held real estate companies as well as institutional investors, REITs, and other public companies. Mr. Molod received a Bachelor of Business Administration degree in accounting from Muhlenberg College. He is licensed as a certified public accountant in New Jersey and in New York.
Kara Morett
Executive Vice President, Human Resources
Kara Morett,
Executive Vice President, Human Resources
Kara Morett is Executive Vice President of Human Resources at Lightstone. She is an advisor to executive leadership on the development and implementation of strategic HR initiatives, and oversees all aspects of human capital management for the firm and its subsidiaries. Mrs. Morett has over 25 years of diverse experience as an HR leader developing human capital, strong partnerships, and high-performing teams helping to drive growth at global organizations. Prior to joining Lightstone, she was Senior Director of Human Resources at Kroll, where she led HR for their Advisory Practice. Mrs. Morett holds a Bachelor of Science degree in Business Administration as well as an Advanced Certificate in Strategic Human Resources from Cornell University. She was awarded her Strategic Professional Human Resource (SPHR) certification in 2007, her SHRM Senior Certified Professional (SHRM-SCP) in 2015, and is a longstanding member of the Society for Human Resource Management (SHRM).
Joseph E. Teichman
Executive Vice President & General Counsel
Joseph E. Teichman,
Executive Vice President & General Counsel
Joseph E. Teichman is Executive Vice President and General Counsel at Lightstone, where he is responsible for overseeing and managing the legal affairs of the company and its operating entities. Mr. Teichman also contributes to the company’s overall strategy as a member of the company’s executive management team. Prior to joining Lightstone in 2007, Mr. Teichman practiced law at Paul, Weiss, Rifkind, Wharton & Garrison LLP, in New York, focusing on corporate finance with an emphasis on leveraged transactions. Mr. Teichman holds a Juris Doctor from the University of Pennsylvania Law School and a Bachelor’s degree from Beth Medrash Govoha. He is licensed to practice law in New York and New Jersey. Mr. Teichman is also a member of the Board of Directors of Yeshiva Orchos Chaim, Lakewood, NJ and was appointed to the Ocean County College Board of Trustees in February 2016.
Scott J. Avram
Senior Vice President, Development
Scott J. Avram,
Senior Vice President, Development
Scott J. Avram is the Senior Vice President of Development responsible for all aspects of operational oversight of Lightstone’s development platform. Before joining Lightstone, Mr. Avram was responsible for the operational oversight of Toll Brothers’ City Living Division. Specific responsibilities included successful supervision of all residential development, sales, marketing, construction, and financial management for projects in New York City and the surrounding area. Mr. Avram joined Toll Brothers in 2004 as a manager of large scale suburban single-family developments in New Jersey. Before transferring to the New York Division of Toll Brothers, Mr. Avram also managed high rise urban development, including condo conversions, adaptive reuse, parking garage, and new high-rise development in Hoboken and Jersey City, New Jersey. Mr. Avram graduated with Honors from the University of Maryland Robert H. Smith School of Business Honors Program and graduated with Honors from New York University with a Master of Science in Real Estate.
Sanford Blumenthal
Senior Vice President, Investments
Sanford Blumenthal,
Senior Vice President, Investments
Sanford Blumenthal has been active in the fields of commercial real estate and investment finance for over 15 years. At Lightstone, Sanford has closed over $3 billion of completed acquisitions, developments, and financings. Mr. Blumenthal is responsible for sourcing, underwriting, deal structuring, and due diligence across the residential, hospitality, office, industrial, retail, and land sectors. During his tenure at Lightstone, Sanford has been instrumental in the strategic development of lifestyle-oriented hotels in major gateway markets, with a primary focus on the Moxy brand. Sanford specializes in opportunistic deals with intricate capital structures. Prior to joining the Lightstone team, Sanford worked at Madden Real Estate Ventures where he focused on residential and hospitality acquisitions and developments as well as asset management for properties located throughout the United States. While at Madden, Mr. Blumenthal acquired 17 hotels valued at over $130 million. Mr. Blumenthal began his career at Vornado Realty Trust in the Acquisitions and Capital Markets group where he was responsible for asset and portfolio underwriting, corporate valuation and capital markets transactions. Sanford graduated Magna Cum Laude from the University of Pennsylvania with a Bachelor of Arts in International Relations.
William G. Ellis
Senior Vice President, Chief Accounting Officer
William G. Ellis,
Senior Vice President, Chief Accounting Officer
William G. Ellis is Senior Vice President & Chief Accounting Officer of Lightstone. Mr. Ellis oversees and manages the company’s accounting and financial reporting functions. Prior to joining Lightstone in 2010, Mr. Ellis served in various senior level roles, including Vice President & Chief Accounting Officer, Senior Vice President of Operations, and Executive Vice President & Chief Financial Officer at Prime Retail, a Baltimore-based owner and operator of a nationwide portfolio of upscale outlet centers. Prime Retail was formerly owned by Lightstone from 2003 through 2010. Additionally, Mr. Ellis previously held positions at Alexander & Alexander Services, MNC Financial, and Ernst & Young. Mr. Ellis has a Bachelor of Business Administration degree in accounting from Loyola University and is licensed as a certified public accountant in Maryland.
Ariel Feldhamer
Senior Vice President, Asset Management & Investments
Ariel Feldhamer,
Senior Vice President, Asset Management & Investments
Ariel Feldhamer is Senior Vice President of Asset Management and Investments for Lightstone, and President of Beacon Management, the property management subsidiary of Lightstone. Mr. Feldhamer is responsible for the operations and asset management of more than 15,000 multifamily units, valued in excess of $2 billion, including oversight of all facets of property operations, capital allocations, and development and execution of ownership strategy for the portfolio. Additionally, Mr. Feldhamer plays a lead role in the acquisition, disposition, and financing of multifamily assets for Lightstone and has been instrumental in completing over $2 billion in transactions since joining the company in 2005. Mr. Feldhamer holds both a Bachelor’s degree and a Master’s degree from Beth Medrash Govoha.
Mark Green
Senior Vice President, Construction
Mark Green,
Senior Vice President, Construction
Mark Green is the Senior Vice President of Construction at Lightstone, where he oversees the construction of all Hospitality and Residential development projects. Prior to joining Lightstone, Mr. Green served as Director of Construction at the Brodsky Organization in charge of the construction of luxury condominiums and apartments. Earlier in his career, Mr. Green was a Vice President at Tarragon Development Corporation and prior to that spent nearly nine years at Lendlease, focusing on large residential and commercial projects. Mr. Green is a graduate of the University of Delaware with a Bachelor of Science Degree.
Lauren Levin
Senior Vice President, Chief Marketing Officer
Lauren Levin,
Senior Vice President, Chief Marketing Officer
Lauren Levin is Chief Marketing Officer at Lightstone, overseeing marketing and public relations initiatives across Lightstone’s portfolio of Moxy Hotels, as well as its real estate and corporate platform. Ms. Levin joined Lightstone in September 2016, as Senior Vice President for Brand Marketing and Public Relations for Lightstone's Moxy Hotels, and was promoted to CMO in January 2019. Ms. Levin is an award-winning hospitality marketing and branding executive, whose innovative and creative approach has led to numerous awards for Lightstone’s Moxy Hotels. She previously guided global marketing strategies at Google, Starwood Hotels, Kimpton Hotels & Restaurants, & sbe. The Hospitality Sales & Marketing Association International (HSMAI) named Ms. Levin as one of “The HSMAI Top 25: Extraordinary Minds in Hospitality Sales, Marketing, Revenue Optimization,” Ms. Levin is a graduate of Cornell University’s School of Hotel Administration, where she is a frequent guest lecturer and an executive mentor.
Meir Milgraum
Senior Vice President, Acquisitions
Meir Milgraum,
Senior Vice President, Acquisitions
Meir Milgraum is the Senior Vice President of Acquisitions and Development at Lightstone. In this role, he is responsible for all aspects of the acquisition process for all new properties the firm targets. Additionally, he has played a critical role in all the new development undertaken by the firm and has direct responsibility for all pre-development matters related to tenants, zoning, governmental approvals, demolition, etc. Meir is based in the New York City office but has acquired and developed properties across the country. He joined Lightstone in 2011 and has since acquired well over $3 billion worth of real estate in all asset classes including residential, hospitality, and retail. Mr. Milgraum began his career in construction management before moving into the development side of the business. He then served as an Acquisitions Analyst at Triangle Equities, followed by a move to Pink Stone Capital Group where he was the Director of Acquisitions and Development. Mr. Milgraum received a Master of Science in Real Estate Investments and Development from New York University and a Bachelor of Science in Finance from Touro College.
Jonathan Rabinow
Senior Vice President, Investments & Capital Markets
Jonathan Rabinow,
Senior Vice President, Investments & Capital Markets
Jonathan Rabinow is Senior Vice President of Investments and Capital Markets at Lightstone. Prior to joining Lightstone, Mr. Rabinow was Managing Director with Argent Ventures. Previously, he served as a Senior Vice President and Head of Investments at RXR Realty where he led a team who invested in over $5 billion of assets. Earlier in his career, Mr. Rabinow served as Vice President at Racebrook Capital, a Warburg Pincus portfolio company specializing in the acquisition of distressed real estate assets. Mr. Rabinow earned a Bachelor of Arts in Economics from the University of Pennsylvania and a Master of Business Administration from The Wharton School of the University of Pennsylvania.
Eugene Rozovsky
Senior Vice President, Real Estate Debt Strategies
Eugene Rozovsky,
Senior Vice President, Real Estate Debt Strategies
Eugene Rozovsky is Senior Vice President of Real Estate Debt Strategies and is responsible for overseeing and managing Lightstone’s debt platform. Prior to joining Lightstone, Eugene was Vice President of Acquisitions & Asset Management at Madison Realty Capital where he closed over $2 billion of investments across various asset classes and led the team responsible for all debt and equity investments, as well as asset management. Prior to Madison, Eugene worked on the investment team at Hudson Realty Capital, the investment research team at The Blackstone Group, and the M&A advisory team at TM Capital. Eugene received his Bachelor of Science in Finance & International Business from the Leonard N. Stern School of Business at New York University and his Master of Science in Real Estate Finance & Investment from New York University.
Charles Simon
Senior Vice President, Asset Management
Charles Simon,
Senior Vice President, Asset Management
Charles Simon is Senior Vice President of Hotel Asset Management at Lightstone, where he is responsible for the development and execution of ownership strategy for the REIT hotel portfolio. With over 16 years of principal side hospitality experience, Mr. Simon has represented ownership in nearly all facets of the investment cycle, from acquisitions and turnarounds to major renovations and brand conversions, to financial restructuring and dispositions. Prior to joining Lightstone, Mr. Simon was a Senior Vice President responsible for all hospitality for a subsidiary of Platinum Equity, a top-quartile private equity firm based in Beverly Hills, CA. He has served as a member of Hilton’s owner’s advisory council, as well as a member of industry associations, such as HAMA. Mr. Simon holds a Master of Business Administration from the Robert H. Smith School of Business at the University of Maryland, College Park and a Bachelor of Arts with a major in Economics from Baruch College.
Naftalee Zomberg
Senior Vice President, Finance & Treasurer
Naftalee Zomberg,
Senior Vice President, Finance & Treasurer
Naftalee Zomberg is the Senior Vice President and Treasurer of Finance. Naftalee advises executive leadership on key financial matters, including structuring and financing transactions, and developing business processes. Naftalee brings a wealth of knowledge and experience with a variety of real estate, structured products, insurance and debt, and equity investments to the Lightstone team. Prior to joining Lightstone, he served as a Controller for Fortress Investment Group managing publicly and privately traded real estate vehicles with over $30 billion in gross assets from 2014 through 2018. Previously, Naftalee was a senior manager at PricewaterhouseCoopers in the Alternative Investments group for over 11 years, working with hedge and private equity funds, and publicly traded investment advisors. He received his Master of Business Administration from Fordham University and his Bachelor of Science in Accounting from Touro College.
Akiva Elazary
First Vice President, Investments and Asset Management
Akiva Elazary,
First Vice President, Investments and Asset Management
Akiva Elazary is First Vice President of Investments and Asset Management for Lightstone. Mr. Elazary is responsible for overseeing the asset management and strategy execution for Lightstone’s industrial and retail portfolio. Mr. Elazary, who joined the company in 2003, has played an integral role in the acquisition, disposition, and financing of over $700 million of assets. Mr. Elazary holds a Bachelor’s degree from Beth Medrash Govoha and is a member of the International Council of Shopping Centers.
Moshe Lichtenstein
Chief Investment Officer, Converge Asset Management and Chief Credit Officer, Lightstone
Moshe Lichtenstein,
Chief Investment Officer, Converge Asset Management and Chief Credit Officer, Lightstone
Moshe Lichtenstein is a senior member of the Lightstone investment team and Chief Investment Officer of Converge Asset Management. Mr. Lichtenstein is responsible for investment strategy and oversees the sub-managers for Converge Asset Management. For Lightstone, he oversees a team of investment professionals who evaluate on a daily basis potential investments in all sectors of real estate including residential, commercial, retail and industrial. Mr. Lichtenstein has been a key member of Lightstone’s executive management team and is a member of the investment, credit and compliance committees. Mr. Lichtenstein sits on the Board of Trustees of New York Medical College, and is the chair of its audit committee.
Conor Mullen
Vice President, Investments / Managing Director—Southeast Office
Conor Mullen,
Vice President, Investments / Managing Director—Southeast Office
Conor Mullen is a Vice President of Investments at Lightstone. Additionally, Mr. Mullen is the Managing Director of Lightstone's Southeast office in Charlotte, NC. Mr. Mullen’s primary responsibilities include sourcing, underwriting, structuring, and closing equity and debt investments. He is also responsible for arranging financing for all Lightstone development deals and is a senior decision maker for Lightstone’s current and go-forward capital strategy. Since joining Lightstone seven years ago, Mr. Mullen has predominantly focused on residential and hospitality acquisitions and development, and has experience in all asset types. Mr. Mullen has played an integral role in $700 million of acquisitions. Prior to joining, he was an Analyst at Whitney Capital Company where he did multifamily acquisitions. Mr. Mullen received a Master of Science in Real Estate Development from New York University and a Bachelor of Science in Finance from Cornell University.

Strategic Partnerships

Relationships are a critical component to our success. We are committed to building longstanding partnerships with the top banking, real estate, and financial institutions in the country. The company we keep speaks to Lightstone’s reputation and integrity. See a selection of our interdisciplinary partners below.

Financial Partners

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Hospitality Partners

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