David Lichtenstein Quotes


One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy.


Citations

Marino, Vivian. "The 30-Minute Interview: David Lichtenstein." The New York Times, The New York Times Company, 11 June 2013, p. B9.

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  • Born:
  • Nationality: American
  • Profession: CEO

David Lichtenstein is an American billionaire entrepreneur and real estate investor. He is the founder and CEO of The Lightstone Group, which he founded in 1988. During the early years of the Lightstone Group, Lichtenstein focused on investing in multifamily properties. He rapidly grew his portfolio in the 1990s, before diversifying his portfolio and moving into retail. Lichtenstein in 2003 acquired Prime Retail for $638 million, seen as one of the largest retail purchases in United States at the time.