The short version

Lightstone DIRECT is raising $17.1M to buy and improve a multifamily property in Michigan. 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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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

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

Hidden Lakes Apartments

4260 Hidden Lakes Dr SE

Investment Options

Class	Year-1 Cash Flow	Equity Multiple	Minimum Investment	Hold Period (Years)	LP / GP Split
Series Investors	6.9%	1.50x	$100K	4 yrs	80/20

5 of 8 terms sourced. Not available yet: Preferred Return, Target IRR, Projected Year-1 Depreciation — added to your questions, ready for your call with the firm.

How it’s taxed

What you file, and what you could owe, depends on the account you invest from.

The tax form you receive Not available yet

Potential income tax deduction Not available yet

Does the deal use debt? Not available yet

Accepts IRA money Not available yet

Taxed as a REIT Not available yet

Tax inside an IRA Not available yet

General tax information, not tax advice. Your situation can differ: ask your tax adviser or your IRA custodian.

Does it fit your plan?

Matched against the plan you wrote. Open any row to see what your plan said.

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Deeper diligence — opens as you move through your pipeline

The heavy diligence sits behind the funnel. The further you go, the more we open — advance your pipeline to unlock each.