David Lichtenstein
Chairman & CEO of The Lightstone Group
Why Is David Lichtenstein Influential?
(Suggest an Edit or Addition)According to Wikipedia, David Lichtenstein is an American billionaire, entrepreneur, and real estate investor. He is the founder and CEO of The Lightstone Group, which he founded in 1988. During the early years of the Lightstone Group, Lichtenstein focused on investing in multifamily properties. He rapidly grew his portfolio in the 1990s, before diversifying his portfolio and moving into retail. In 2003, Lichtenstein acquired Prime Retail for $638 million. Since 2007, Lichtenstein has been responsible for some of the largest acquisitions and sales in the retail and hospitality sectors. In 2007, The Lightstone Group acquired Extended Stay Hotels for $8.1 billion. Lightstone sold Prime Retail in 2010 for $2.3 billion, earning a large profit from the sale of the outlet mall group.
