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.
Read more about this topic: David Lichtenstein
Famous quotes containing the word strategy:
“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)
“... the generation of the 20’s was truly secular in that it still knew its theology and its varieties of religious experience. We are post-secular, inventing new faiths, without any sense of organizing truths. The truths we accept are so multiple that honesty becomes little more than a strategy by which you manage your tendencies toward duplicity.”
—Ann Douglas (b. 1942)
“That is the way of youth and life in general: that we do not understand the strategy until after the campaign is over.”
—Johann Wolfgang Von Goethe (1749–1832)