What are the responsibilities and job description for the Vice President, Acquisitions - Multifamily position at Lightstone?
Company Overview
The Lightstone Group, LLC, or Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 27 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With nearly $12 billion in assets under management, Lightstone’s portfolio currently includes over 15 million square feet of industrial, logistics, life sciences, and commercial properties, over 25,000 residential units, and over 5,100 hotel keys.
Position Overview
The Vice President, Acquisitions – Multifamily will report to the Managing Director, Acquisitions and play a leadership role in sourcing, underwriting, touring, pitching and executing multifamily investment opportunities across Lightstone’s national platform.
This individual will be responsible for driving the full lifecycle of acquisitions, including deal sourcing, market evaluation, financial underwriting, due diligence, capital structuring, and execution. The role requires a highly strategic and entrepreneurial professional with deep multifamily expertise, strong relationships within the brokerage and ownership community, and the ability to lead complex transactions.
The Vice President will work cross-functionally with Asset Management, Capital Markets, Development, and Property Management teams to ensure seamless execution and long-term value creation across the portfolio.
Essential Functions
Lightstone offers our employees a comprehensive and competitive benefits program inclusive of:
– Paid time off for vacation and sick leave
– Health, dental, and vision insurance, and wellness programs
– 401(k) and Roth retirement plans
– Flexible spending accounts (medical & dependent care)
– Life and AD&D insurance with options for supplemental employee, spouse, and child
– Long-term and short-term disability insurance
– Commuter spending accounts (transit and parking)
– Tuition assistance and employee assistance program
– Corporate discount programs
– On-site mother’s room
– Office perks such as lunch, fruit, drinks, and snacks
The Lightstone Group, LLC, or Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 27 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With nearly $12 billion in assets under management, Lightstone’s portfolio currently includes over 15 million square feet of industrial, logistics, life sciences, and commercial properties, over 25,000 residential units, and over 5,100 hotel keys.
Position Overview
The Vice President, Acquisitions – Multifamily will report to the Managing Director, Acquisitions and play a leadership role in sourcing, underwriting, touring, pitching and executing multifamily investment opportunities across Lightstone’s national platform.
This individual will be responsible for driving the full lifecycle of acquisitions, including deal sourcing, market evaluation, financial underwriting, due diligence, capital structuring, and execution. The role requires a highly strategic and entrepreneurial professional with deep multifamily expertise, strong relationships within the brokerage and ownership community, and the ability to lead complex transactions.
The Vice President will work cross-functionally with Asset Management, Capital Markets, Development, and Property Management teams to ensure seamless execution and long-term value creation across the portfolio.
Essential Functions
- Lead sourcing and execution of multifamily acquisition opportunities, including direct relationships with brokers, owners, and operating partners. Experience in the Midwest is a plus.
- Directly underwrite complex financial models, sensitivity analyses, and return projections across various capital structures.
- Evaluate investment opportunities and present recommendations to senior leadership and investment committee
- Structure transactions including joint ventures, preferred equity, and debt financing in coordination with Capital Markets.
- Lead and manage due diligence process, including coordination with legal, tax, consultants, lenders, and third-party vendors
- Negotiate key business terms, including purchase agreements, joint venture agreements, and financing documents
- Create and present detailed investment memoranda and internal presentations to support decision-making
- Monitor market conditions, trends, and competitive landscape to inform investment strategy and identify emerging opportunities
- Collaborate with Asset Management and Property Management teams to ensure alignment on business plans, underwriting assumptions, and operational execution
- Support portfolio-level strategy, including capital allocation decisions, dispositions, and refinancing initiatives
- 5–10 years of relevant experience in multifamily acquisitions.
- Bachelor’s Degree required (Real Estate, Finance, Economics, or related field); advanced degree (MBA) is a plus
- Deep understanding of multifamily investment fundamentals, including underwriting, market analysis, and asset-level business planning.
- Proven experience leading transactions from sourcing through closing
- Strong financial modeling and analytical skills, including complex waterfall structures and partnership modeling
- Experience structuring joint ventures, preferred equity, and debt financing
- Established relationships within the brokerage, lending, and ownership communities
- Proficiency in Excel, Word and PowerPoint required.
- Strong negotiation, communication, and presentation skills
- Ability to operate in a fast-paced, entrepreneurial environment and manage multiple transactions simultaneously.
Lightstone offers our employees a comprehensive and competitive benefits program inclusive of:
– Paid time off for vacation and sick leave
– Health, dental, and vision insurance, and wellness programs
– 401(k) and Roth retirement plans
– Flexible spending accounts (medical & dependent care)
– Life and AD&D insurance with options for supplemental employee, spouse, and child
– Long-term and short-term disability insurance
– Commuter spending accounts (transit and parking)
– Tuition assistance and employee assistance program
– Corporate discount programs
– On-site mother’s room
– Office perks such as lunch, fruit, drinks, and snacks
Salary : $185,000 - $225,000