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Debt & Equity

Lighstone launches incubator fund for real estate ventures

Lightstone, a national real estate investor/developer, announced the launch of an incubator fund to connect real estate entrepreneurs with funding and expertise.

The company is soliciting “bold, innovative real estate-focused investment opportunities,ˮ that it will back. Lightstone, which manages a commercial and residential portfolio in excess of $2 billion, said it is well-positioned to provide capital to real estate entrepreneurs who have great ideas but lack the connections and expertise to successfully bring them to market.

Photo courtesy of Flickr
Photo courtesy of Flickr

“Lightstone has the capital and expertise to turn a great idea into reality,” said David Lichtenstein, chairman and CEO of Lightstone.

“We want people to know that when they see an opportunity for investment, they can turn to us not only as a source of funding, but as a trusted and reliable partner.”

Ideal projects will range in size from $1 million to $50 million, and potentially viable ideas will be vetted by a team of researchers and analysts to determine their feasibility, scope and market need.

According to a statement from the company, Lightstone developed the campaign based on the success of previous partnerships and a desire to find new, creative enterprises to expand the company’s business reach.

The campaign is designed to cast a wide net. Lightstone said it will entertain real estate-focused proposals that may range from development opportunities, to bringing disruptive technology to the industry, to expanding the company’s footprint into a new market.  Moshe Lichtenstein and Sanford Blumenthal have been tasked with co-ordinating the new fund.

“We are always looking for big ideas that have big potential,” said Lichtenstein. “This unique investment approach ensures that Lightstone has the procedures in place to capitalize on exciting opportunities that other firms may be unaware of or unprepared to handle.”

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