David Lichtenstein Professional Resume

Work Experience

1986 Site Manager

  • Brick Towers, Newark, NJ
  • 300 unit subsidized multifamily complex

1988 Owner/Founder

1988 Owner/Founder

  • American Shelter Corporation
  • Affordable housing management company

1994 Owner/Founder

  • U.S. Housing Management Company
  • HUD Section 8 multifamily management company

1999 Owner/Founder

  • Fairfield Towers Associates (FTA)
  • he parent company that bought a 1152-unit failed condo, Brooklyn NY. (Owner of 986 unsold units) Purchased for $30 million.

1999 Owner

  • Acquired Presidential Manor Corporation:
  • General Partner of 11 HUD Section 8 apartment complexes

2005 Owner

  • Acquired the controlling stock in Prime Retail REIT
  • 19 mega outlet malls, took REIT private

2005 Sponsor

  • Lightstone Value-Plus REIT
  • Raised $310 million and closed offering 2008

2006 Seller

  • Fairfield Towers complex
  • Sold for $90 million (purchased for $32 million in 2000)

2008 Owner

  • Beacon Management Company
  • Conventional apartment management company

2009 Sponsor

  • Lightstone Value-Plus REIT-II

2010 Disposition

  • Prime Retail Outlets transfered for $2.35 billion

Note: All companies listed above continue to operate and be owned by David Lichtenstein, except as noted.