The short version

Lightstone DIRECT is raising $9.7M to buy and improve an industrial property in Texas. You own a share of the property: income from rent while it is held, and your capital back when it is sold. The minimum is $100K, distributions are monthly, and the target hold is 5 years.

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Meet the team behind it

A private deal is a bet on the people running it — who they are, what else they've done, and whether this deal looks like it.

Lightstone DIRECT Lead operator

Runs the deal day to day and owns the business plan.

Led by David Lichtenstein

View firm

This deal is concentrated in Texas.

Asset Class

Industrial

Strategy

Value-Add

Investment Options

Class	Target IRR	Yr-1 Cashflow (%)	Equity Multiple	Minimum Investment	Hold Period (Years)
Upside Participation $9.7M raise Lightstone Direct I LLC - Series Abernathy Industrial · DE
Series Investors	14.5%	5.4%	1.85x	$100K	5 yrs

5 of 8 terms sourced. Not in the documents we've sourced: Preferred Return, Projected Year-1 Depreciation, LP / GP Split — added to your questions, ready for your call with the firm.

0 of 1 located to the building, 1 to the city only · property facts sourced for 1 of 1.

Arlington Industrial

Arlington, TX Approximate location

Property Type: Industrial
Unit Count: 47
Square Footage: 170,390

Occupancy: 97.0%
Cap Rate (In Place): 6.2%
Year Built: 2009
Purchase Price: $24.5M

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