Lightstone Direct I LLC - Series Grand Rapids Multifamily

Other fund
Rule 506(c)
Lakewood, New Jersey
Amended Oct 22, 2026

Raising: $8,649,000
Sold so far: $8,649,000; 100% sold
Investors: 64
Average check: $135,141; Sold ÷ investors
Minimum: $50,000
Sales commissions: $0; Issuer's estimate

In plain English

Lightstone Direct I LLC - Series Grand Rapids Multifamily, a pooled real estate investment fund based in Lakewood, New Jersey, filed an amended Form D with the SEC on Oct 22, 2026 to raise about $8.6 million. It reports about $8.6 million raised from 64 investors, which is the full amount. That works out to roughly $135,000 per investor. The smallest investment it accepts from an outside investor is $50,000.

It filed under Rule 506(c), which means it can advertise the offering publicly, but only accredited investors can buy in, and the issuer has to check that they qualify.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$8.6M vs $7.7M median

Larger than 52% of the 460 offerings that set a size.

How much is sold100% sold vs 50% median

Further along than 71% of the 460 offerings with a set size.

Minimum investment$50,000 vs $50,000 median

Right at the median of the 427 offerings that stated a minimum.

Where the sponsor is based

The New Jersey housing market

Typical home value $575KChange, 12 months 4.0%

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See New Jersey market data

Filing details

File number: 021-590988
Latest filing: Form D/A (amendment), Oct 22, 2026
Accession number: 0001185185-26-004923
Entity type: Limited Liability Company
Industry group: Pooled Investment Fund
Fund type: Other Investment Fund
Principal place of business: Lakewood, New Jersey
Exemption claimed: Rule 506(c)
First sale: Jul 1, 2026

Timeline

First sale
Jul 1, 2026
Latest amendment (Form D/A) filed
Oct 22, 2026
100% of the offering sold
As reported Oct 22, 2026

Other recent filings from New Jersey

All fund filings

This page summarizes a notice Lightstone Direct I LLC - Series Grand Rapids Multifamily filed with the SEC. Fidelis First is not affiliated with Lightstone Direct I LLC - Series Grand Rapids Multifamily, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Oct 22, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Oct 22, 2026

Source: Data Provided by Zillow Group · As of Sep 2026