Lightstone DIRECT, a real estate investment platform built for high-net-worth individuals seeking institutional-quality opportunities without institutional barriers, has announced the opening of Arlington Industrial. With this announcement, less than a year after launch, deals on the Lightstone DIRECT platform account for roughly $225 million in total investment volume across four offerings.

The new investment in Arlington, Texas, follows offerings in Abernathy Industrial Park in South Carolina, Hidden Lakes Apartments in Grand Rapids, Michigan, and OKC Outlets in Oklahoma City. Arlington Industrial is the platform's second industrial investment, broadening its lineup across industrial, multifamily, and retail asset classes. Four offerings across three asset classes in under a year marks a brisk build-out for a first-year platform.

Arlington Industrial comprises six shallow bay industrial buildings — the smaller-format warehouse space typically occupied by local service and trade businesses — totaling 170,390 square feet of infill space located at the midpoint between Dallas and Fort Worth. The property is 95% leased to 24 small business tenants that keep the metroplex running, including HVAC contractors, local distributors, and light manufacturers, a roster that spreads the property's income across many small occupancies.

The offering follows closely on OKC Outlets, which opened to investors in August 2026 and marked the platform's first move beyond industrial and multifamily. The open-air center is the only outlet center within more than 100 miles of Oklahoma City and is currently 97.5% occupied. Lightstone has leveraged institutional knowledge in this space before, having built and recapitalized a 22-property outlet portfolio that it sold to Simon Property Group for $2.33 billion in 2010.

Since beginning distribution in April, the platform has met every targeted monthly distribution — a track record investors can monitor directly as the offerings mature.

"We're delighted to offer accredited investors the opportunity to invest alongside us and benefit from our 40-year track record," said Mitchell Hochberg, President of Lightstone. "It's gratifying to see that the diversity of our offerings across industrial, retail, and multifamily asset classes, is resonating with investors."

By design, Lightstone DIRECT offers a higher degree of alignment with accredited investors — individuals who meet regulatory income or net-worth thresholds — than many other real estate investing platforms. Lightstone closes each acquisition on its own balance sheet before offering interests to accredited investors, who subsequently redeem a portion of Lightstone's equity. The firm also maintains a minimum 20% equity investment in every transaction, putting its own capital to work alongside individual investors.

"Small-bay industrial is increasingly difficult to build economically in Dallas–Fort Worth, yet demand for this type of space remains robust," said Greg Fink, Chief Investment Officer of Lightstone. "We acquired Arlington at a meaningful discount to estimated replacement cost in a market where we believe competitive supply is difficult to replicate, creating a compelling basis for the investment."

Lightstone acquired the property for approximately 45% below its estimated replacement cost. The acquisition comes as Dallas–Fort Worth led all U.S. industrial markets in net absorption — the net change in occupied space and a standard gauge of demand — in the first half of 2026, according to JLL and Newmark, while only a small share of new construction across the metroplex is shallow bay product. As future offerings arrive, the platform's evolving mix of markets and asset classes will show how far Lightstone intends to extend the model.