0:00
Button Text
1031 Opportunity
Multifamily

Invest in Cash-Flowing 1031-Eligible Multifamily

Register Your Interest

For 1031 Exchange Investors

A unique, TIC-structure multifamily opportunity from one of the largest private multifamily operators in the country.

Lightstone DIRECT has opened nine investor seats in an institutional multifamily opportunity in Michigan, where Lightstone owns and self-manages over 10,000 units.

With a tenant-in-common structure, this deal targets monthly distributions, 7.0% net cash-on-cash, and a 15% net IRR over a five year period. 

You won’t get that kind of performance with most DSTs.

As always, Lightstone co-invests a minimum of 20% of the equity alongside you.

Better 1031 Investing

Minimum Investment

$500k

Close Date

4/14/26

Target Net Cash-on-Cash

6-7%

Lightstone DIRECT has opened nine investor seats in an institutional multifamily opportunity in Michigan. This TIC structure targets monthly distributions, 7.0% net cash-on-cash, and a 15% net IRR over a five-year period.

Lightstone’s approach is operational by design: underwriting, asset management, and property-level execution work together. That’s why “direct” matters—there’s no handoff from platform to sponsor after closing. It’s one team, end to end. Lightstone will invest a minimum of 20% of the equity in this deal, for superior alignment.

Sponsor co-investment: minimum 20% of equity alongside investors.  

Next steps: we will schedule a call to understand your 1031 capital deployment needs, your timeline, and explain the ins-and-outs of this deal and our TIC structure. You will have a dedicated point of contact the rest of the way. From there, you will have a $12B AUM owner/operator in your corner for your private CRE investments — 1031 or not.

FAQs

Learn more about Lightstone DIRECT's unique approach to 1031 investments.

Why are you employing a TIC structure?

A TIC tax classification allows for more active management, versus DSTs, which are intended to remain a passive holding trust. This means that the TIC structure is a better fit for Lightstone’s light value-add strategy, and our boots-on-the-ground asset management approach. You may find that this profile of deal is difficult to find on the market, where DSTs are more common.

What are the selling points of this deal?

Those who register interest will be designated an assigned rep that they can speak with in more detail. A full presentation deck will be available soon. Some highlights of the deal, by way of preview: - Going in at a 6.0% Cap Rate - Acquiring the asset from the original developers. - Self-managing the asset and leveraging our institutional rigor, and intel on 10,000 units in Michigan to optimize other income and expenses to boost annual yields. - Acquiring the asset at a 44% discount to replacement cost. Entering at a phenomenal basis that undercuts recent sales by more than 10%.

Who is eligible to invest?

We must close with TIC investors into this deal on 4/14/26. As such, you must have 1031 capital ready to deploy by that date, as well as being an accredited investor. Should this timeline not work for you and your capital, feel free to register and stay apprised of future opportunities.