Lightstone Construction LLC is a prominent player in the real estate sector with a comprehensive approach encompassing investment, development, asset management, and operations. Founded in 1988 by David Lichtenstein, Lightstone has grown from an initial investment to become one of the largest privately held real estate firms in the United States, managing a diverse portfolio valued in billions across the residential, hospitality, commercial, and life sciences sectors. The company prides itself on its entrepreneurial spirit and commitment to creating long-term value for its stakeholders and the communities it serves.
Lightstone's operations span various sectors, including over 25,000 multifamily units, 5,100 hotel keys, and 14.2 million square feet of commercial space. They have a significant development pipeline totaling approximately $3.5 billion, which includes innovative design and operational excellence projects. The company operates several non-traded REITs with total assets under management reaching $1.8 billion, demonstrating their strong financial capabilities and investor confidence.
What sets Lightstone apart is not only its extensive expertise in real estate but also its distinctive investment strategy. By capitalizing on unique opportunities and a hands-on approach to asset management, the firm transforms undervalued properties into high-performing assets. Lightstone's team of seasoned professionals across various disciplines contributes to its reputation for excellence and innovation in all areas of real estate development and investment.
In addition to traditional real estate operations, Lightstone Ventures focuses on investing in early-stage companies that disrupt real estate and finance sectors, showcasing their commitment to adapting and thriving in changing market environments. As a result of their ongoing success, Lightstone has earned accolades, such as the recognition as one of New York City’s best places to work, demonstrating a commitment not only to its business strategies but also to fostering a positive workplace culture.
