NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Lightstone, a prominent, privately held real estate company, announced today that through the first six months of 2016 it has secured financings totaling $462 million. The financings, from the world's most prominent banking and lending companies, are secured by an investment portfolio consisting of hospitality, land and multifamily projects. In fact, since the beginning of 2015 Lightstone has secured total financings of $617 million.
"We are pleased to partner with the world's leading financial institutions to further drive our investments throughout the United States," said David Lichtenstein, Chairman and CEO of Lightstone. "These partnerships demonstrate the continued confidence the lending community has in Lightstone and our world-class property developments."
Additionally, after two sold out EB-5 projects, Lightstone recently launched its third, The Wall Street Tower. Located in downtown Manhattan this luxury condominium project has started to raise $100 million.
About Lightstone
Lightstone is one of the most highly-regarded and diversified real estate companies in the United States. Since 1988, founder David Lichtenstein has grown Lightstone to one of the largest privately-held real estate companies in the country, with holdings in 24 states. Operating in all sectors of the real estate market, Lightstone's $2 billion portfolio currently includes over 6 million square feet of office, retail and industrial commercial properties, 10,000 residential units and 3,500 hotel keys. It also owns over 12,000 land lots across the country. Headquartered in New York City, Lightstone continues to grow its local presence with $2.5 billion worth of projects currently under development in the residential and hospitality sectors.
For more information, visit www.lightstoneeb5.com.
