FAQs
- Who can make an investment in Lightstone DIRECT?
- If I have already verified my accreditation, will I have to re-verify it again in the future?
- How do I verify that I am an accredited investor?
- Can I invest through an entity or trust and still qualify as accredited?
- Why does Lightstone DIRECT only accept accredited investors?
- Will I have voting rights or management responsibility?
- Are my positions in Lightstone DIRECT investments transferrable?
- How do I know if my investment has been accepted?
- Is there a deadline to invest?
- What is the construction management fee?
- Will I receive tax documents related to my investment?
- Will I receive a K-1 for each investment I make?
- Will I receive tax documents if I invest through an IRA or other retirement account?
- Can I invest using a 1031 exchange through Lightstone DIRECT?
- Will I benefit from long-term capital gains treatment on profits?
- What documents do I need to prepare prior to investing with Lightstone DIRECT?
- Will I be required to verify my identity?
- What happens if I don’t meet the accreditation requirements?
- What is KYC/AML?
- How long is my capital committed, and can I access it before the investment ends?
- Are investments made through Lightstone DIRECT guaranteed?
- Can I invest with Lightstone DIRECT if I am not a U.S. citizen?
- How do I express interest in an offering?
- How will I receive offering materials like the PPM and subscription docs?
- How do I complete my subscription documents?
- What happens after I invest?
- Who will manage my investment after it closes?
- What fees should I expect to pay?
- How does the performance fee work?
- How do Lightstone’s fees compare to other investment platforms?
- Do I pay fees even if the investment underperforms?
- Can I earn interest on my capital once I fund, but before the investment closes?
- Can I invest through a self-directed IRA?
- What is UBTI or UDFI, and how does it affect retirement accounts?
- Are there any tax advantages to investing in real estate through Lightstone DIRECT?
- What is the minimum investment in a Lightstone DIRECT investment opportunity?
- Will I be subject to capital calls?
- Can I participate in multiple investments at once?
- How do I invest? What’s the process?
- What are my funding options?
- What is the acquisition fee used for?
- What does the asset management fee cover?