Real Estate Forum: Forum 100
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The Lightstone Group
Owner/Investor | Rank: # 2 (Score: 38 )
        *Category Ranking
Company:   The Lightstone Group    
Address: 460 Park Avenue  
City: New York  
State: NY  
Zip:   10022  
Phone: 212-755-4600  
Fax: 732-363-7183  
Email: thelightstonegroup@lightstonegroup.com  
Website: www.lightstonegroup.com  
Key Executive    
1. Name: David Lichtenstein  
    Title: Chairman  
2. Name: Peyton    
    Title: President & COO  
3. Name:    
    Title:  
4. Name:  
    Title:  
*Number of Offices: 9 11
*Number of Employees: 13,800 1
*Gross Revenues Fiscal Year 2006: 463.0 million 10
*Projected Revenues Fiscal Year 2007: 1.6 billion 2
Selected Areas of Specialization: One of the country’s largest privately held real estate companies with interests in residential, office, retail, hospitality, and industrial real estate assets.  
Company Overview: Since 1988, The Lightstone Group has grown to become one of the largest privately held real estate real estate companies in the United States. The company currently owns a portfolio of diversified properties in 46 states plus the District of Columbia, Canada, and Puerto Rico, spanning more than 18,000 residential units, 687 hotels and approximately 29 million square feet of office, industrial, and retail properties. In the last year alone, Lightstone completed over $8.5 billion in acquisitions, the highlight being the company’s significant entrance into the hospitality sector. Lightstone acquired Extended Stay Hotels, becoming the largest owner of mid-price extended-stay hotels in the U.S., with approximately 76,000 rooms located in 44 states and Canada. The company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus, and Crossland. Some of Lightstone additional subsidiaries include Prime Group Realty Trust, Beacon Management, and Park Avenue Funding. While its growth has been extraordinary, the cornerstone principles of Lightstone have changed very little since its inception. The company is committed to preserving its entrepreneurial culture, to conducting business with unyielding integrity and to making a positive difference in every community in which it invests. Lightstone maintains its corporate headquarters in New York with regional offices in New Jersey, Maryland Illinois, and South Carolina.  
*Total Portfolio Size: 67 Million SF 8
Number of buildings:  
Square Footage: 67 Million SF  
Number of Units/Rooms: 94,000  
*Total Value of Portfolio: 13.0 billion 6
Percentage by Property Type:    
Office: 2.5 %  
Industrial: 2.5 %  
Retail: 10 %  
Apartments: 10 %  
Hotels: 75 %  
Other: %  
(Please specify)  
Percentage by Geographic Area:    
Northeast: 25 %  
Southeast: 25 %  
Midwest: 10 %  
Southwest: 14 %  
West: 25 %  
International: 1 %  
Total Acquisitions in 2006:    
Number of buildings: 2  
Square Footage:  
Number of Units/Rooms:  
Total Value of Acquisitions in 2006:   33.0 million      
Total Dispositions in 2006:    
Number of buildings: 8  
Square Footage: 1.75 Million  
Number of Units/Rooms:  
Total Value of Acquisitions in 2006: 30.0 million    
    Raw Score:   38