Lightstone, a leading real estate firm, has recently introduced a new rescue capital platform with the goal of deploying $500 million across multifamily, industrial, and hospitality assets nationwide. This innovative initiative offers investments in various positions within the capital stack such as credit, preferred equity and equity.
By utilizing its private and fully discretionary capital resources, Lightstone aims to provide expertly crafted solutions that maximize value for investors. The investment themes include addressing impaired equity or credit positions; funding future capital expenditures; recapitalizing stalled development projects; and facilitating cash-in refinances. Target investments range from $20 million to $100 million with an emphasis on large portfolios.
Boasting over $9 billion in assets under management (AUM), Lightstone’s diversified portfolio spans residential properties as well as hospitality venues across 26 states. Additionally, they have significant development projects underway in New York City,Miami,and other major markets without mentioning any specific names or brands.
