Lightstone DIRECT Surpasses $225 Million in Total Investment Volume Less Than a Year After Launch

The platform's fourth offering, Arlington Industrial, brings the platform to approximately $225 million in total investment volume across three asset classes

Lightstone DIRECT has met every targeted monthly distribution to date

NEW YORK, Sept. 30, 2026 /PRNewswire/ -- Lightstone DIRECT, a real estate investment platform built for high-net-worth individuals searching for institutional-quality opportunities without institutional barriers, today announced the opening of Arlington Industrial. With this announcement, less than a year after launch, Lightstone DIRECT deals account for roughly $225 million in total investment volume across four offerings.

The new investment in Arlington, Texas, follows offerings in Abernathy Industrial Park in South Carolina, Hidden Lakes Apartments in Grand Rapids, Michigan, and OKC Outlets in Oklahoma City. Arlington Industrial is the platform's second industrial investment, expanding Lightstone DIRECT's offerings across industrial, multifamily, and retail.

Arlington Industrial is a six-building shallow bay industrial property totaling 170,390 square feet of infill space at the midpoint between Dallas and Fort Worth. The property is 95% leased to 24 small business tenants that keep a metroplex running, including HVAC contractors, local distributors and light manufacturers.

Arlington Industrial follows closely on OKC Outlets, which opened to investors in August 2026 and marked the platform's first move beyond industrial and multifamily. The open-air center is the only outlet center within more than 100 miles of Oklahoma City, currently 97.5% occupied. Leveraging institutional knowledge in this space, Lightstone built and recapitalized a 22-property outlet portfolio to Simon Property Group for $2.33 billion in 2010.

Since beginning distribution in April, the platform has met every targeted monthly distribution. "We're delighted to offer accredited investors the opportunity to invest alongside us and benefit from our 40-year track record," said Mitchell Hochberg, President of Lightstone. "It's gratifying to see that the diversity of our offerings across industrial, retail, and multifamily asset classes, is resonating with investors."

By design, Lightstone DIRECT offers a higher degree of alignment with accredited investors than many other real estate investing platforms. Lightstone closes each Lightstone DIRECT acquisition on its own balance sheet before offering interests to accredited investors, who subsequently redeem a portion of Lightstone's equity, and the firm maintains a minimum 20% equity investment in every transaction, investing its own capital alongside individual investors.

"Small-bay industrial is increasingly difficult to build economically in Dallas–Fort Worth, yet demand for this type of space remains robust," said Greg Fink, Chief Investment Officer of Lightstone. "We acquired Arlington at a meaningful discount to estimated replacement cost in a market where we believe competitive supply is difficult to replicate, creating a compelling basis for the investment."

Lightstone acquired the property for approximately 45% below its estimated replacement cost. The acquisition comes as Dallas–Fort Worth led all U.S. industrial markets in net absorption in the first half of 2026 (per JLL and Newmark), while only a sliver of new construction across the metroplex is shallow bay.

ABOUT LIGHTSTONE DIRECT

Lightstone DIRECT is a real estate investment platform built for high-net-worth individuals. The platform brings qualified investors the opportunity to partner with a $12B AUM real estate owner/operator. Lightstone DIRECT provides accredited investors access to carefully underwritten, single-asset multifamily, industrial, and commercial assets that have passed Lightstone's rigorous due diligence process, approved by Lightstone's investment committee – the same transactions Lightstone pursues with its own capital. https://lightstonedirect.com.

ABOUT LIGHTSTONE

Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 28 states, developing, managing, and investing across residential, hospitality, commercial, and retail real estate. Its $12 billion-plus portfolio spans 243 properties, including over 25,000 multifamily units and more than 16 million square feet of industrial, life sciences, and commercial space. Since 2004, Lightstone has realized 56 investments at a 27.6% net IRR and a 2.54x net equity multiple. The firm employs more than 645 people across the country.

SOURCE Lightstone DIRECT