Lightstone Group was founded by David Lichtenstein in 1988 and is based in New York. The company invests in income-producing multifamily and commercial, mostly retail, real estate in the US. David Lichtenstein's Phone Number and Email. The Lightstone Group is a privately held real estate investment firm founded in 1988 by David Lichtenstein. Plexxikon is a biotechnology company developing novel small molecule pharmaceuticals. Most recently he was a senior partner and head of the European Life Sciences Practice at L.E.K. Hanson is a named inventor on over 370 issued US patents. Young previously worked at Advanced Technology Ventures, working with the team on investments including Acceleron, Five Prime, Hypnion, and Zeltiq. Since its inception in 1998, The Foundry has founded and financed over twenty new medical device companies. The company successfully completed an IPO in 2013. Sage Hospitality and The Lightstone Group are pleased to announce the signing of a franchise license agreement with Hilton Worldwide for a new DoubleTree by Hilton hotel location in Danvers, Mass. Lichtenstein in 2003 acquired Prime Retail for $638 million, seen as one of the largest retail purchases in United States at the time. Our team looks for companies developing first-in-class drugs, across all modalities including small molecules, biologics and cell and gene therapies. Second Genome is a clinical-stage biopharmaceutical company focused on discovering and developing therapeutics identified using microbiome science. Prior to Momenta, Young was a business development professional at Biogen, driving a variety of transactions. Dr. Pons is an inventor of fremanezumab, which was approved by the FDA in 2018, as well as two other antibodies in late-stage clinical development and has advanced nine additional antibodies into human trials in multiple therapeutic areas. By Katherine Clarke David Lichtenstein (Photo by Larry Ford) David Lichtenstein is the CEO of the Lightstone Group, a Manhattan-based real estate firm with a $2 billion portfolio that. in Biomedical Engineering from Boston University, B.A. Lightstone Group is a Real Estate, Commercial, and Retail company located in New York, New York with $283.00 Million in revenue and 224 employees. In addition to chairing the board of directors, he is responsible for directing all aspects of the acquisition, financing and management of the company . New York, New York, United States 101-250 Debt Financing Private www.lightstonegroup.com/ 33,737 Highlights Investments 2 Total Funding Amount $644M Contacts 102 Employee Profiles 9 Investors 5 Similar Companies 8 At Lightstone, we believe investing in large-scale, commercial real estate shouldn't be limited to large corporations, institutions, or high net worth individuals. She also previously served on the board of ALX Oncology. Jason also served as the interim CEO of Promedior and led the company through its sale to Roche in 2020. Calithera Biosciences is a clinical-stage biopharmaceutical company focused on discovering and developing novel small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer. Vapotherm is a medical device company pioneering Hi-VNI technology, a less invasive form of support for patients in respiratory distress. 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? The company was acquired by Boston Scientific (NYSE: BSX) in 2018. At Inhale, Mike led partnering activities with a number of pharmaceutical and biotechnology companies in the U.S., Europe, and Japan. Moximed is a medical device company that is developing innovative devices for patients with osteoarthritis of the knee. The last 12 months worth, money, lightstone group net worth, income, and more in 2021-2022 is Moses Znaimer at! 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. Previously Ken was a consultant to the life science industry. [43] The show airs on several stations in the New York-New Jersey area. Learn More Commercial property information Lightstone provides insight into the commercial property market. 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. Plain serves on the boards of Earlens, Nuvaira, Moximed and Setpoint. [6] His first major purchase in retail came in 2002, when he acquired a Prime Retail-run mall for $36.5 million. During the early years of the Lightstone Group, Lichtenstein focused on investing in multifamily properties. [16] Following the success of Lightstone Value Plus, Lichtenstein launched a second non-traded REIT. Yvonne was also the Vice-President of Biotech Connection Singapore, where she worked closely with innovators, community leaders, academics and investors in shaping a vibrant life sciences startup ecosystem in Singapore. Samira continues her foray into the exciting world of medtech and biotech entrepreneurship by joining the team at Lightstone Ventures as an EIR in 2022, where she hopes to play a role in transforming innovative ideas into health improving and life saving products. ForSight VISION4 is a medical device company developing novel drug delivery therapies for the treatment of retinal diseases. 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. Contego Medical is a Raleigh-based medical device company developing a suite of products for the treatment of neurovascular, coronary and peripheral vascular disease. Lost multiple good employees due to regional management being rude or hateful towards the staff. Marilyn Lightstone's estimated Net Worth, Salary, Income, Cars, Lifestyles & much more details has been updated below. Cala Health is a bioelectronic medicine company transforming the standard of care for chronic disease. Jingjing has a background in neurobiology and life sciences strategy. Travis joined the Lightstone Ventures and Advanced Technology Ventures finance team in 2018. [40][41] Lichtenstein is a founder of the Friendship House, an organization that provides housing near hospitals for families that want to be near loved ones in times of need. Locanabio is an RNA-targeting gene therapy company with a platform technology to address a wide spectrum of human genetic diseases. He has served in this role since November 2013. Its lead program was acquired by Gilead Sciences (NASDAQ: GILD) in 2016. The company was incubated within The Foundry, the premier medical technology incubator. The company was acquired by Pfizer (NYSE: PFE) in 2010. She joined the LSV team in March 2016. She is a member of the BioInnovate Ireland Board of advisors. Mark is a co-founder of the Foundry, LLC. 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. Mike is a General Partner and Team Leader of Lightstone Ventures (LSV) and focuses on investments in the biopharmaceutical and medical device sectors. Lichtenstein was born in 1960 into a Jewish family in New York City, United States. Dr. Molineaux is the co-founder, President and CEO of Calithera Biosciences, a start-up company that commenced operations in June of 2010. The company is developing a novel treatment solution for patients with symptomatic BPH designed to be safely and effectively performed in a doctors office setting in a simple procedure under local anaesthesia. The compa in Public Policy from Michigan State University, B.S. malnutrition presentation. Hong I. Wan, Ph.D. is president, chief executive officer and co-founder of Tallac Therapeutics. Lichtenstein supports a number of social causes. Lichtenstein is also a member of the Brookings Institution's Economic Studies Council.[36]. [25] The loans from Israel were used to underwrite a number of developments in Brooklyn's Gowanus Canal area. He rapidly grew his portfolio in the 1990s, before diversifying his portfolio and moving into retail. + $530 Million. Jason led the firms investments and served as a Director of Ra Pharmaceuticals (acquired by UCB) and Vapotherm (NASDAQ: VAPO). Nimbus Therapeutics is a biotechnology company focused on designing highly selective and potent medicines to disrupt known drivers of serious diseases. [4] The company was founded in Lakewood, New Jersey, and grew quickly during the early years of the company's history. Lightstone's Series A bonds weathered the turmoil rather well, trading at more than 97.6 cents on the dollar even at the lowest point of the crash, and now going for a remarkable 109. The Foundry is the premier medical device company incubator and a preferred partner to LSV. The company was founded by David Lichtenstein in 1988. . Consulting LLP. 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. appropriate mortgage financing. [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 2000, Lightstone began to invest in retail strips, and subsequently into investing in malls. It also provides debt and equity capital for core, core-plus, value-add, and special situation real estate investment opportunities. Orexigen Therapeutics is a biopharmaceutical company developing therapies for the treatment of obesity. Lightstone to Open Charlotte Office to Expand Southeast Investments. At our core, we specialize in identifying, acquiring, and improving existing real estate, and in creating unique properties through ground-up development. Before joining Lightstone in 2021, Christina was part of the founding team and Chief Business Officer at Magenta Therapeutics where she was accountable for portfolio strategy and management, program management, business development, alliance management and commercial strategy. Previous Year's Net Worth (2020) $100,000 - $1 Million: 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. The Lightstone Group is funded by 5 investors. 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 was incubated within ForSight Labs and was acquired by Allergan (NYSE: AGN) in 2016. 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). Lightstone Ventures. In 1992-1993, Hanson co-founded and served as Managing Director of Bavaria Medizin Technologie, GmbH in Oberpfaffenhofen, Germany. [38], Following Hurricane Sandy in November 2012, The Lightstone Group donated more than 11,000 square feet of office space at 1407 Broadway to assist businesses affected by the storm. Jason brings 20 years of operating and venture experience in the life sciences and also is a General Partner at Morgenthaler Ventures. American retail corporation Walmart has been the world's largest company by revenue since 2014.. Our Property Toolkit gives subscribers access to a set of tailored Residential Property reports. Lichtenstein stated in an interview that outlet malls at the time had become an "out-of-favor stock in an out-of-favor industry". Will be Lightstone & # x27 ; s income source is mostly being! Most Read News : 2022: Analysis-Wood's ARK slammed by higher interest rates in 2022 along with other growth funds: RE. Here we are updating just estimated networth of Adam Arreak-Lightstone salary, income and assets. Headquartered in New York City, Lightstone is active in . COMPANY DESCRIPTIONLightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Lightstone hopes to close at least $500 million worth of transactions in its first year. Apreo Health is a development stage medical technology company that is developing innovative, globally applicable treatments for pulmonary disease. B.S. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. [17], The sale of Prime Retail and both REITs gave Lichtenstein a large fund to invest throughout 2011. Share. The podcasts are available at http://podcast.headlinesbook.com/ or in an upated format at https://halachaheadlines.com/, This article is about the businessman. Christina has spent nearly 20 years in the biotech industry across operational roles and in venture capital. in Management Science from the University of California, San Diego, Ph.D. Claret Medical is a medical device company developing innovative solutions for cerebral protection during structural heart and vascular interventions. [14], Lichtenstein's Lightstone Value Plus was one of a number of REITs attracting attention from investors, due to market instability. Sector: Biopharmaceuticals, Ph.D. in Biological Chemistry and Molecular Pharmacology from Harvard University B.S. He is a Talmid of Rav Nochum Partzovitz and Rav Shlomo Zalman Auerbach. In 1991, Hanson co-founded and served as President of Cardiovascular Therapeutic Technologies (acquired by Eli Lilly). The company was incubated within The Foundry, the premier medical technology incubator, and was acquired by Ulthera in 2014. David Lichtenstein net worth is estimated at 2 Billion Billion to date. REITs. FIRE1 is a medical device company developing novel remote monitoring devices to improve patient quality of life and outcomes while lowering overall healthcare costs. [4] The acquisition made Lichtenstein the owner of a number of famous buildings and properties in Chicago, where Prime Retail had previously been based. The company successfully completed an IPO in 2021 (NASDAQ: CYT). At the time, it was said the hotel group had 683 hotels across 44 US states and Canada. Brendan was previously a life sciences strategy consultant at L.E.K. This site is accessible to approved users only. Lightstone Group Property Manager Southfield, MI Easy Apply 4d $41K-$60K Per Year (Glassdoor est.) 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. The company's $6. [1] He developed an avid interest in property during his twenties and launched his real estate career after the purchase of a single building. Jingjing attained her Ph.D. in neurobiology at Duke University. The company successfully completed an IPO in 2005. Lightstone Group is joining the ranks of real estate companies launching their own debt platforms. [6], In the 1990s, Lichtenstein grew The Lightstone Group's portfolio to over 20,000 apartments in 28 states. Vigil Neuroscience is the worlds first microglia-focused therapeutics company. 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