Lightstone DIRECT Surpasses $225 Million in Investment Volume
The real estate investment platform Lightstone DIRECT announced its fourth offering, Arlington Industrial, pushing its total investment volume to approximately $225 million less than a year after launch.
Lightstone DIRECT, a real estate investment platform for high-net-worth individuals, has surpassed $225 million in total investment volume less than a year after its launch. The platform recently announced the opening of its fourth offering, the Arlington Industrial property in Texas.
The new investment in Arlington, Texas, comprises six buildings totaling approximately 15,800 square meters of space. The property is 95% leased to 24 small business tenants. Arlington Industrial marks the platform's second industrial real estate investment, expanding Lightstone DIRECT's offerings across industrial, multifamily, and retail asset classes.
The platform previously listed industrial properties in South Carolina, multifamily residences in Michigan, and a retail property in Oklahoma. Since distributions began in April, Lightstone DIRECT has met all targeted monthly distributions.
"We are delighted to offer accredited investors the opportunity to invest alongside us and benefit from our 40-year track record," said Lightstone President Mitchell Hochberg. He added that the diversity of their offerings across different asset classes is resonating with investors.
Lightstone DIRECT's model involves the company closing each acquisition on its own balance sheet before offering interests to accredited investors. The firm maintains a minimum 20% equity stake in every transaction, investing its own capital alongside individual investors.