Strategy
Lichtenstein's strategy has expanded over the years, but its cornerstone remains a willingness to seek out properties that offer the prospect of high returns and have challenges or complexities that limit their appeal to other investors, including properties with distressed capital structures. Although the risks of this strategy are often publicly documented, the returns are quietly pocketed: closely held Lightstone has averaged more than 30% annual returns over much of its existence.
Lightstone continues seek new acquisitions across the country in both urban and suburban locations and across a wide range of property types, including industrial, office, retail, multifamily and hospitality.
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Famous quotes containing the word strategy:
“The best strategy in life is diligence.”
—Chinese proverb.
“To a first approximation, the intentional strategy consists of treating the object whose behavior you want to predict as a rational agent with beliefs and desires and other mental states exhibiting what Brentano and others call intentionality.”
—Daniel Clement Dennett (b. 1942)
“Do you think that mere words are strategy and power for war?”
—Bible: Hebrew, 2 Kings 18:20.