Are there any tax advantages to investing in real estate through Lightstone DIRECT?

Yes. Real estate investments often come with significant tax benefits, including depreciation, expense deductions, and the potential for long-term capital gains treatment. Many Lightstone DIRECT investments may generate tax-deferred income or offset taxable income through paper losses like depreciation, even when positive cash flow is received. Please note that Lightstone DIRECT does not offer tax advice. Consult with your licensed tax professional when considering the tax implications of these investments.