The Grove - Class A Multifamily Development
Lighthouse is co-developing a 119-unit Class A multifamily project located at 45 Grove Street, in East Orange, NJ. Development commenced in March 2019 and the project is scheduled for completion in July 2021.
Performing Loan Pool Purchase
Lighthouse completed the acquisition of a $38 million portfolio of performing commercial real estate loans. The portfolio consists of fifteen loans ranging in size from $250,000 to $13,000,000. Loans are secured by retail, multifamily, industrial and office properties across 8 states.
The Harvard - Class A Multifamily Development
Lighthouse co-developed a 60-unit Class A multifamily project located at 125-129 Halsted Street, in East Orange, NJ. Development commenced in March 2018 and the property was completed and sold in September 2020. The sale generated substantial investment returns in spite of taking place during the corona virus pandemic.