NEW YORK, Aug. 1, 2018 /PRNewswire/ -- National real estate investor and developer Lightstone announced today the appointment of Seth Molod as Executive Vice President and Chief Financial Officer.
A Certified Public Accountant, Mr. Molod has extensive experience across commercial and residential real estate, having worked with many prominent privately-held real estate companies as well as institutional investors, REITs and other public companies.
Prior to joining Lightstone, Mr. Molod was Chair of Real Estate Services and a member of the Executive Committee at Berdon LLP, where he worked for more than 25 years. In this role, he was responsible for oversight of the firm's advisory practice, where he planned and structured partnerships, mergers and acquisitions and joint venture arrangements to maximize economic and tax benefits.
"I am thrilled to welcome Seth to Lightstone's senior management team. We are fortunate to have such a well-respected industry veteran join us, and his 25 years of experience and success will prove invaluable," said Lightstone President Mitchell Hochberg. "Seth will be an asset to Lightstone as we continue to expand our growing business, and we're looking forward to his contributions."
Mr. Molod will start his role at Lightstone in August 2018.
Lightstone, founded by David Lichtenstein, is one of the largest and most diversified privately held real estate companies in the United States. Lightstone is active in 28 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With over 176 existing properties, Lightstone's $3 billion portfolio currently includes over 6 million square feet of office, retail and industrial commercial properties, over 15,000 residential units, and 4,000 hotel keys. Lightstone also owns over 12,000 land lots across the country.
Headquartered in New York City, Lightstone continues to grow its development portfolio with approximately $2.3 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.