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Lightstone Launches $500 Million Fund to Invest in Distressed Real Estate

Firm Targets Multifamily, Industrial and Hospitality Properties, But Not Office
Lightstone Group, a developer of properties including 130 William St. in lower Manhattan, unveiled a $500 million fund to offer capital across the multifamily, industrial and hospitality sectors. (Andria Cheng/CoStar)
Lightstone Group, a developer of properties including 130 William St. in lower Manhattan, unveiled a $500 million fund to offer capital across the multifamily, industrial and hospitality sectors. (Andria Cheng/CoStar)
CoStar News
March 5, 2024 | 9:17 P.M.

Lightstone Group, owner of a $9 billion commercial real estate portfolio across industrial, life science and other property types, unveiled a $500 million fund to capitalize on the fact that trillions of dollars in property debt are maturing in the coming years.

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