lightstone group net worth
In September 2005, Lightstone Group donated 50 Memphis apartments to help Hurricane Katrina victims in need of housing following the storm, offering the apartments rent-free for six months. He is the founder and CEO of The Lightstone Group, which he founded in 1988. Prior to The Foundry, Hanson was Vice President of Research and Development at Heartport, Inc., which had a successful IPO in 1996. Plain serves on the boards of Earlens, Nuvaira, Moximed and Setpoint. [12] While expanding the diversity of investments, he also moved into hospitality in 2007 with his biggest single deal to date. The company successfully completed an IPO in 2013. [32], Lightstone continues to seek new acquisitions across the United States in both urban and suburban locations and across a wide range of property types, including industrial, office, retail, multifamily and hospitality. Hong I. Wan, Ph.D. is president, chief executive officer and co-founder of Tallac Therapeutics. As Chairman and CEO, David Lichtenstein has lead the Lightstone Group to become one of the largest privately held real estate companies in the United States. Previously, Mark was a senior member of the Research & Development team at Medtronic Micro Interventional Systems. He previously served as Chief Scientific Officer and site head of Rinat (Pfizer), where he was responsible for portfolio delivery from idea to clinical development. $1 Million - $5 Million. Prior to that he was a partner in the pharmaceutical practice at Booz-Allen & Hamiliton. ALX Oncology is a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint mechanism, which is exploited by cancer cells to evade the immune system. Lightstone Group REIT, P.O. NEW YORK The Lightstone Group, LLC, one of the largest private real estate owners in the country, announced today that an affiliate has entered into an agreement with affiliates of The Blackstone Group to acquire Extended Stay Hotels for $8 billion. Jean is a General Partner of Lightstone Ventures. Contact for The Lightstone Group: Ed Tagliaferri: 212 981 5182 / edmund_tagliaferri@dkcnews.com Michael Paluszek 212 981 5149 / michael_paluszek@dkcnews.com. 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, 11,000 residential units and 3,200 hotel keys. free lookups / month. Get insight into Lightstone Group! Originally trained as a Ph.D. in Neuroscience, leading the integration of science and medicine with business is a fundamental objective in her career. Lightstone Corporate Office, 1985 Cedar Bridge Ave, Lakewood, NJ, USA Req #10722. Our global footprint with offices in the U.S., Ireland and Singapore allows us to build a network with non-U.S. strategic and financial funding sources, as well as exploring novel development and commercialization strategies in these geographies. Mini Biography. At Third Rock, Christina focused on new company formation, due diligence, and led business development efforts more broadly on behalf of Third Rock. Weve built our reputation on our ability to identify opportunities early, analyze their potential, and transform them into above-market investments. Lightstone Managing Director Conor Mullen. She actually is an celebrity and article writer, known for Dennis the Menace (1986), Anne of Green Gables (1985) and ROCK (1981). Since its inception in 1998, Hanson has led The Foundry in all of its activities. . 8/7/2022 6:02 AM. Prior to Lightstone, and following completion of her BioInnovate fellowship in 2013, she co-led R&D on a device targeting Acute Pancreatitis and was subsequently involved in early pre-clinical, strategic clinical and commercial development at Vetex Medical.. She currently serves as a director on the board of Catamaran Bio Ltd., Parvalis Therapeutics and ProVerum. [6], In the 1990s, Lichtenstein grew The Lightstone Group's portfolio to over 20,000 apartments in 28 states. [1] He developed an avid interest in property during his twenties and launched his real estate career after the purchase of a single building. Carrick Therapeutics is a biopharmaceutical company pioneering a portfolio of unique, first in class cancer treatments that target driver mechanisms of the most aggressive forms of cancer, and which will be tailored to an individual patients tumour. Lightstone acquired Extended Stay Hotels for a total of $8.1 billion, making Lightstone the parent company of one of the largest mid-priced hotel brands in the United States. We not only back our companies financially, but we partner with them to navigate their day-to-day functions. [6], Lichtenstein announced in 2006 that he would be launching a real estate investing trust (REIT), which allowed Lightstone to raise capital from outside investors. Prior to LSV and ATV, Jean worked for BancBoston Ventures and led its life sciences investments in Neurometrix (NASDAQ:NURO), Ironwood Pharmaceuticals (NASDAQ: IRWD), NuGenesis Technologies (acquired by Waters) and Syntonix Pharmaceuticals (acquired by Biogen/Idec). EarLens is a medical device company developing next generation hearing technology that uses light to transmit sound and energy directly to the eardrum enabling users to appreciate high frequency sounds and improved speech recognition, especially in noisy environments. Lightstone Value Plus II followed a similar strategy to the initial fund, focusing on investments across a number of markets. [39] The donation in collaboration with the city Economic Development Corporation allowed the businesses to remain in the Manhattan offices for as long as six months. COMPANY DESCRIPTIONLightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. She was also the recipient of the National Science Scholarship from the Agency for Science, Technology, and Research (A*STAR) Singapore. Prior to starting Calithera, Dr. Molineaux was a co-founder of Proteolix and served as the CSO for two years before becoming President and CEO of the company. Previously, Mark held engineering positions with Devices for Vascular Engineering, Cordis Corporation and the USCI Division of C.R. Before joining Lightstone, Jingjing was a Life Sciences Consultant at L.E.K. We look for founders with big ideas targeting the convergence of technology, medicine and consumer health. He also supports the work of Memorial Sloan-Kettering Cancer Center; and both he and Lightstone Group give to Matts Promise and Hospice of Virginia. [33][34] Lichtenstein is a trustee of the Citizens Budget Commission, and is a Member of the Real Estate Roundtable and Co-Chair of the Real Estate Capital Policy Advisory Committee. In 1992-1993, Hanson co-founded and served as Managing Director of Bavaria Medizin Technologie, GmbH in Oberpfaffenhofen, Germany. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Previously, he was an Entrepreneur-in-Residence at Morgenthaler Ventures from January 2008 to May 2014. Lightstone team members have been involved in some of the largest venture-backed life science exits over the last decade including: Ardian, Acceleron, ALX Oncology, Calithera BioSciences, Claret Medical, Disarm Therapeutics, MicroVention, Nimbus, Plexxikon, Portola Pharmaceuticals, Promedior, Proteolix, Ra Pharma, Tizona Therapeutics, Twelve and Zeltiq. Avidia is a biopharmaceutical company discovering and developing a new class of human therapeutic proteins called Avimer. We have estimated Moses Znaimer's net worth , money, salary, income, and assets. Prior to Lightstone, she was Deputy Director at the National Research Foundation, a division of the Prime Ministers Office Singapore, where she led the formulation of innovation policy, implemented innovation grants and managed various technology translation platforms in the life sciences sector. The Lightstone Group LLC Lightstone Enterprises Ltd. Howard E. Friedman: Lightstone Value Plus REIT I, Inc. Terri Warren Reynolds: Lightstone Value Plus REIT V, Inc. Andreas K. Bremer: Lightstone Value Plus REIT V, Inc. REITs. The Lightstone Group is a medium real estate company with 451 employees and an annual revenue of $750.0M that is headquartered in New York, NY. Get contact details including emails and phone numbers Consulting, where she worked on projects including target identification, opportunity assessment, corporate strategy, and commercial assessment for large pharmaceutical, mid-cap, and early-stage biotech companies. Threshold Pharmaceuticals is a biotechnology company developing therapeutics based on tumor hypoxia, a platform that offers potential to treat most solid tumors. In 2014, Jason established Lightstones Europe office located in Dublin, Ireland, to expand the firms investment activities to Europe and currently serves as Director of Lightstone Capital Management Ireland Ltd. Before joining Morgenthaler in 2009, Jason was a Vice President at Split Rock Partners where he focused on early-stage investments in the life sciences. Its lead program was acquired by Gilead Sciences (NASDAQ: GILD) in 2016. EB-5 Raised. Sep 14, 2021, 07:00 ET. The outlet mall was based in Puerto Rico and was one of many Prime Retail developments that required redevelopment at the time of purchase. The company successfully completed an IPO in 2022 (NASDAQ: VIGL). [13], Lichtenstein sold Prime Retail in 2010 to Simon Property Group, who were already the biggest outlet mall owners in the United States. Please only use it for a guidance and The Lightstone Group's actual income may vary a lot from the dollar amount shown above. Travis is responsible for all aspects of accounting, tax, reporting, and compliance for LSV and ATV. The Organization's Mission We are committed to building longstanding partnerships with the top banking, real estate, and financial institutions in the country. info@lightstonegroup.com. The complex features two- to five-bedroom apartments, a maisonette, and a duplex penthouse with a private rooftop terrace. Over the course of her career, Stacy has been involved in the launch of over 20 medtech technologies, more than 10 substantive M&A transactions, and under her operating leadership, a reputation of achieving world class customer and employee appropriate mortgage financing. He is a talmid of the Mirrer Yeshiva in Brooklyn and Yerushalayim. + $530 Million. ; / ; Vladimir Putin Girlfriend: . ' ' , Bard. Featured on the Forbes Midas List of top technology and life science investors, Mike is a recognized thought leader in the industry and a frequent speaker at healthcare conferences. The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. We lead the market through creative planning, visionary design, and operational excellence. Sector: Biopharmaceuticals, Ph.D. in Biological Chemistry and Molecular Pharmacology from Harvard University B.S. Moximed is a medical device company that is developing innovative devices for patients with osteoarthritis of the knee. Box 219002 Kansas City, MO 64121-9002 in Biology from St. Josephs University, Ph.D. in Molecular and Cell Biology from the Institute on Fundamental Biology, Barcelona, Ph.D. in Molecular and Cell Biology from University of California, Berkeley, Ph.D. in Molecular Biology from University of a Southern California In addition to spearheading the research and invention process on new clinical opportunities, Mark led the early stage effort in The Foundrys new companies until the companys CEO and Senior Staff was hired. Developing the next generation of percutaneous left ventricular assist devices. Share. Lightstone: Lightstone Value Plus REIT : Estimated Net Asset Value ("NAV") and NAV per Share of Common Stock ("NAV . He is currently the Chief Financial and Operating Officer at Alchemab Therapeutics, an LSV portfolio company focused on developing novel antibody therapeutics generated from patients resilient to disease. Her representative investments include Acceleron Pharma (NASDAQ: XLRN), Calithera Biosciences (NASDAQ: CALA), Cyteir Therapeutics, Disarm Therapeutics (acquired by Eli Lilly), Flex Pharma (NASDAQ: FLKS), Five Prime Therapeutics (NASDAQ: FPRX), Gemini Therapeutics, Hypnion (acquired by Eli Lilly), Locanabio Therapeutics, Portola Pharmaceuticals (NASDAQ: PTLA), Proteolix (acquired by Onyx Pharmaceuticals), Tizona Therapetics (acquired by Gilead), Verastem (NASDAQ: VSTM), and Zeltiq Aesthetics (NASDAQ: ZLTQ). ForSight VISION4 is a medical device company developing novel drug delivery therapies for the treatment of retinal diseases. {{ userNotificationState.getAlertCount('bell') }}. Caroline spent 9 years at Bayer Healthcare, most recently serving on the board of senior management of Bayer Ltd. Ireland as head of market access, pricing and reimbursement. He received his Ph.D. in Biochemistry and Molecular Biology from the State University of New York at Stony Brook and performed postdoctoral studies at the Salk Institute for Biological Studies and Massachusetts General Hospital. A Company You Can Trust. He assists the LSV medical device team with deal sourcing, due diligence, and portfolio company management. Spine Wave is a medical device company developing and marketing novel devices for spine surgery, specifically spinal fusion, vertebral compression fracture repair and nucleus replacement and augmentation. Apreo Health is a development stage medical technology company that is developing innovative, globally applicable treatments for pulmonary disease. Get the latest business insights from Dun & Bradstreet. They included the IBM Plaza, 208 South LaSalle Street and the United Building. His strategy differed from that of many major investors at the time, as he stated, "do you want to go to a fishing hole where there's a lot of other people fishing, or do you want to be where you're the only guy with a hook in the water? She is from Canada. Lost multiple good employees due to regional management being rude or hateful towards the staff. Disarm Therapeutics is a biotechnology company that is creating a new class of disease-modifying therapeutics for patients with axonal degeneration, a central driver of neurological disease-causing disability and disease progression. The company, formerly known as NC7, was incubated within ExploraMed. Lightstone has a total AUM of $1.5 billion across five non-traded REIT offerings, including: Lightstone Value Plus REIT, Inc., Lightstone Value Plus REIT II, Inc., Lightstone Value Plus REIT III, Inc., Lightstone Real Estate Income Trust, Inc., and Lightstone Value Plus REIT V. For questions or more information, please contact investorservices@lightstonegroup.com. Shoulder Innovations, Inc. is a medical device company developing and commercializing an innovative shoulder replacement system which addresses the greatest cause of surgical failure: glenoid loosening. The company was formed using an LLC model. From 1993-1998, he built and led a 62-person team at Heartport developing a wide variety of novel devices and procedures for minimally invasive cardiac surgery. Jingjing has a background in neurobiology and life sciences strategy. FoldRx Pharmaceuticals is a biopharmaceutical company developing disease modifying drug therapies for diseases of protein misfolding and amyloidosis. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions. ZELTIQ is a medical device company developing and marketing a non-invasive, office-based procedure that uses Cryolipolysis, a proprietary cooling technology, to eliminate fat. [15] Lightstone Value Plus was the 18th-largest non-traded United States-based REIT, with a dividend of 7 percent. The company was acquired by Onyx Pharmaceuticals (NASDAQ: ONXX) in 2009. [4] The REIT, named Lightstone Value Plus, had a fund value of $300 million and aimed to invest in a mix of office, retail and other commercial properties. Transcend Medical is a medical device company focused on the development of devices for the treatment of glaucoma, the leading cause of adult irreversible blindness. 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