Hidden Lakes Apartments
by Lightstone DIRECT
The short version
Lightstone DIRECT is raising $17.1M to buy and improve a multifamily property in Kentwood, MI. 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 4 years.
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2Meet 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.
Runs the deal day to day and owns the business plan.
Led by David Lichtenstein
1 property
Hidden Lakes Apartments
Grand Rapids, Michigan, MI Approximate location
- Property Type
- Multifamily
- Unit Count
- 384
- Occupancy
- 91.9%
- Cap Rate (In Place)
- 6.3%
- Year Built
- 1986
- Purchase Price
- $53.0M
- NOI (Projected)
- $3.5M
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