Our experienced life science investors seek out visionary founders to translate novel scientific breakthroughs into clinically and commercially meaningful therapies. The company under the leadership of Lichtenstein from a small business managed to grow into an enterprise that today manages several billion dollars worth real estate on behalf of over one hundred public and private pension plans; endowments; foundations; insurance companies, and high net-worth families and individuals. Vigil is utilizing modern neuroscience drug development across multiple therapeutic modalities to deliver precision-based therapies to improve the lives of patients and their families. Threshold Pharmaceuticals is a biotechnology company developing therapeutics based on tumor hypoxia, a platform that offers potential to treat most solid tumors. [25] The loans from Israel were used to underwrite a number of developments in Brooklyn's Gowanus Canal area. Prior to Independent Director work, Stacy served as the President of Covidiens $1.7B Vascular Therapies business. 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. Up to 5 The company was acquired by Terumo (TYO: 4543) in 2006. She is a member of the BioInnovate Ireland Board of advisors. Lichtenstein is also a member of the Brookings Institution's Economic Studies Council.[36]. [14], Lichtenstein's Lightstone Value Plus was one of a number of REITs attracting attention from investors, due to market instability. At The Wilkerson Group, Mike helped establish the firms offices in London and San Francisco. Second Genome is a clinical-stage biopharmaceutical company focused on discovering and developing therapeutics identified using microbiome science. The company's $6. Please only use it for a guidance and The Lightstone Group's actual income may vary a lot from the dollar amount shown above. At Lightstone, we believe investing in large-scale, commercial real estate shouldnt be limited to large corporations, institutions, or high net worth individuals. ForSight VISION4 is a medical device company developing novel drug delivery therapies for the treatment of retinal diseases. Lightstone has finalized a deal to buy a portfolio of 27 multifamily assets in suburban Detroit for $1 billion from Hartman & Tyner, the company announced. in Management Science from the University of California, San Diego, Ph.D. 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. He even shared some of his business tactics by saying that it is clever to buy land, instead of the homes that are built on it. . He initially joined LSV in April 2021 as an Operating Partner. [29] 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. Mike is a General Partner and Team Leader of Lightstone Ventures (LSV) and focuses on investments in the biopharmaceutical and medical device sectors. Young held a variety of leadership roles over ten years as a senior executive at Momenta Pharmaceuticals, a public biotech company, prior to its sale to Johnson & Johnson for $6.5 billion. Stacy also serves as Chairwoman of the Board for both CALA Health and Contego, an Independent Director for Vesper Medical, as well as a Director for the Fogarty Institute, a non-profit educational innovator. I/We have a minimum net worth (not including home, home furnishings and personal automobiles) of at least $70,000 and estimate that (without regard to Vigils purpose is clear: to treat rare and common neurodegenerative diseases by restoring the vigilance of the microglia, the sentinel cells of the brains immune system. Our team works hands-on with founders to help establish a strategy that can transform their vision into commercially viable products. Caroline has over 10 years operational experience in the pharmaceutical industry. In 2000, Lightstone began to invest in retail strips, and subsequently into investing in malls. Dr. Molineaux is the co-founder, President and CEO of Calithera Biosciences, a start-up company that commenced operations in June of 2010. Previously, he was an Entrepreneur-in-Residence at Morgenthaler Ventures from January 2008 to May 2014. 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. Claret Medical is a medical device company developing innovative solutions for cerebral protection during structural heart and vascular interventions. Lightstone Managing Director Conor Mullen. Lightstone understands that diversity of thought drives growth and greater collaboration, develops stronger partnerships, and creates superior solutions. Ligature is an early stage biopharmaceutical company focused on the research and development of small molecule drugs designed to degrade undruggable disease-causing proteins with precision, delivering new therapies for intractable cancers. [13], Lichtenstein sold Prime Retail in 2010 to Simon Property Group, who were already the biggest outlet mall owners in the United States. [29], Bill de Blasio appointed Lichtenstein to the NYC Economic Development Corporations Board of Directors in 2015. Subsequently, recapitalized with Simon Property Group for $2.3b in December 2009, one of the firms most noteworthy successes, A public non-listed REIT, current AUM $509mm, 199-unit luxury rental property in Long Island City, Queens, 430-unit luxury rental property in Gowanus, Brooklyn, Awarded Development Project of the Year at ALIS (the American Lodging Investment Summit), Winner of Conde Nast Travelers 2020 Readers Choice Award Top 25 Hotels in NYC, 428-unit luxury rental property in Long Island City, Queens, Received Boutique Designs 2019 Goldkey Award for Best Midscale Hotel and Surface Magazines 2019 Travel Award for Best Micro-Hotel, Recognized as one of Business Insiders Top 20 NYC Hotels, Winner of Hospitality Designs Award for Best Select Service Hotel, 28-unit luxury condominium property in New York, NY, Bonds are rated A+ by Standard & Poors Maalot, 242-unit luxury condominium property in New York, NY, 202-room lifestyle hotel in South Beach, Miami, The acquisition from Hartman & Tyner increased Lightstones multifamily portfolio to over 23,000 units, Industrial and Retail Commercial Management, Investing and Developing Across The Country. Lightstone Group is joining the ranks of real estate companies launching their own debt platforms. Jason also served as the interim CEO of Promedior and led the company through its sale to Roche in 2020. Learn More Commercial property information Lightstone provides insight into the commercial property market. Vigil Neuroscience is the worlds first microglia-focused therapeutics company. During the early years of the Lightstone Group, Lichtenstein focused on investing in multifamily properties. We are a real estate company that matches our entrepreneurial investment strategy with a commitment to creating long-term value for our stakeholders, our properties, and the communities in which we invest and build. Net Worth; Estimated Net Worth in 2021: $1 Million - $5 Million (Approx.) Lichtenstein has donated significantly to many Jewish institutions both in and out of New York. David Lichtenstein net worth is estimated at 2 Billion Billion to date. 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? In addition, Mike has been heavily involved with several programs at Stanford University including the Stanford Biodesign Program and, more recently, the Stanford Center for Clinical and Translational Research and Education (Spectrum). With an integrated background in sciences and business, Jingjing is excited to help advance innovative life-changing therapeutics for patients in need. Lightstone Group & Affiliates Careers and Employment About the company Founded 2004 Company size 201 to 500 Revenue $500M to $1B (USD) Industry Real Estate Headquarters 460 Park Avenue, New York. Proteolix was acquired by Onyx Pharmaceuticals in November 2009. Lightstone Group REIT, P.O. Christina has spent nearly 20 years in the biotech industry across operational roles and in venture capital. He is a talmid of the Mirrer Yeshiva in Brooklyn and Yerushalayim. Yvonne is an Associate at Lightstone Singapore Pte Ltd where she supports the team in evaluating and driving venture investment opportunities in the biopharmaceutical and medical device sectors. in Finance from University of Missouri, B.S. ; / ; Vladimir Putin Girlfriend: . ' ' , REITs offer distinct advantages for investors, including portfolio diversification and income through a transparent and regulated operating structure. 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. 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. [20], Lichtenstein and Lightstone Group announced the launch of Phoenix Development Partners, which aimed to develop large-scale renting opportunities in New York City. Began acquiring and managing a growing portfolio of multifamily housing, currently with over 22,700 units in 12 states, Acquired Prime Retail for approximately $640mm, Established Lightstone Value Plus REIT, Inc. (LVPR I), Began acquiring and asset managing hospitality platform, Established development platform focused on hospitality and residential development, Crains New York named Lightstone as 100 Best Places To Work in New York City, Formed Lightstone Ventures, focusing on PropTech, InsureTech, and FinTech early stage investments, Formed Converge RE II, a life and annuity reinsurer, Opened Moxy Times Square, Marriotts flagship Moxy hotel, Lightstone Enterprises Limited completed Series A and Series B bond offering on the Tel Aviv Stock Exchange (TASE) totaling $347mm, Acquired 7,810-unit suburban Detroit multifamily portfolio for $1b, Lightstone Named Developer of the Year by Marriott International. To learn about leasing opportunities throughout The Lightstone Group's portfolio of office and retail properties, contact Jeff Dash at (908) 668-8300 or jdash@lightstonegroup.com. FoldRx Pharmaceuticals is a biopharmaceutical company developing disease modifying drug therapies for diseases of protein misfolding and amyloidosis. In 1988, he co-founded Transkaryotic Therapies Inc. (TKT), a multi-platform biopharmaceutical company developing protein and gene therapy products, which was acquired by Shire Pharmaceuticals Group plc in 2005. [43] The show airs on several stations in the New York-New Jersey area. Hypnion is a biopharmaceutical company developing novel therapeutics for the treatment of central nervous system disorders such as sleep, wake-alertness disorders and circadian rhythm abnormalities. Lightstone Corporate Office, 1985 Cedar Bridge Ave, Lakewood, NJ, USA Req #10722. Get contact details including emails and phone numbers Brendan was previously a life sciences strategy consultant at L.E.K. Principia Biopharma is a biopharmaceutical company developing novel compounds with enhanced sensitivity, high potency and longer duration of effect. Find More Contacts for The Lightstone Group, Lightstone Group, Light Stone Group, Lightstone, Light Stone, Edit Lists Featuring This Company Section, CCI approves Lightstone Funds stake acquisition in PharmEasy, LGT Group spins out alternative investing, private banking and impact arms, Lightstone leads $50m Series B for Indian debt marketplace, Investors Active in United States (Top 10K). Stacy currently serves as a non-executive Independent Director and member of the Compensation and Management Committee for Hill-Rom Holdings, Inc. (NYSE: HRC), Sonova Holding AG (VTX: SOON), and LivaNova, Inc. (NASDAQ: LIVN). Trotana Therapeutics is a San Diego based biotech company dedicated to the discovery and development of medicines targeting RNA binding proteins. The company specializes in acquiring new properties, while managing its existing properties or portfolios of properties, and arranging. 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. Lichtenstein in 2003 acquired Prime Retail for $638 million, seen as one of the largest retail purchases in United States at the time. We back driven entrepreneurs developing breakthrough therapies and technologies that have the potential to be industry-first or industry-leading products. Lost multiple good employees due to regional management being rude or hateful towards the staff. Prior to The Foundry, Hanson was Vice President of Research and Development at Heartport, Inc., which had a successful IPO in 1996. Wen Qi is the CEO of Lightstone Singapore Pte. Search over 700 MediSix Therapeutics is an early-stage cell therapy company that is taking a novel approach to develop chimeric antigen receptor (CAR) T cells to target T cell lymphoma and leukemia. 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