--- title: What fees should I expect to pay? description: Fees --- [Skip to content](https://kb.lightstonedirect.com/knowledge-base-cb/what-fees-should-i-expect-to-pay#main-content) English Show submenu for translations ![Lightstone Direct Logo](https://kb.lightstonedirect.com/hs-fs/hubfs/Lightstone_Direct_Wordmark_Stacked_Candy_Apple_Red_RGB_RESIZE.png?width=300&height=139&name=Lightstone_Direct_Wordmark_Stacked_Candy_Apple_Red_RGB_RESIZE.png) Open main navigation Close main navigation - English Show submenu for translations - Contact us Contact us How can we help you? - There are no suggestions because the search field is empty. 1. [LSD Main KB | Chatbot](https://kb.lightstonedirect.com/knowledge-base-cb?hsLang=en) 2. [FAQs](https://kb.lightstonedirect.com/knowledge-base-cb/faqs?hsLang=en) # What fees should I expect to pay? 1. Lightstone DIRECT is committed to simple and transparent fee structures that align our interests with those of our investors. For most offerings, the following fees apply to the Series Investors. Please see the deal-specific offering documents: 1. Acquisition Fee: 0.75% to 1.50% of purchase price, depending on your investment amount. 2. Asset Management Fee: 1.0% annually on invested equity 3. Construction Management Fee: 5.0% of capital expenditures related to major renovations or value-add improvements 4. Performance Fee: 20% of profits to the Manager above an 8% IRR preferred return on a cumulative and compounding basis, subject to deal-specific terms. - [FAQs](https://kb.lightstonedirect.com/knowledge-base-cb/faqs?hsLang=en) - [General](https://kb.lightstonedirect.com/knowledge-base-cb/general?hsLang=en) [![Lightstone Direct Logo](https://kb.lightstonedirect.com/hs-fs/hubfs/Lightstone_Direct_Wordmark_Stacked_Candy_Apple_Red_RGB_RESIZE.png?width=300&height=139&name=Lightstone_Direct_Wordmark_Stacked_Candy_Apple_Red_RGB_RESIZE.png "Lightstone Direct Logo")](http://lightstonedirect.com) [mailto:email@email.com](mailto:email@email.com) Copyright © 2026, Lightstone DIRECT