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Lightstone and PKS Group Launch Williamsburg Opportunity Zone Fund

The new partnership’s first development project is a Marriott Moxy hotel in Brooklyn.

Moxy Times Square hotel Although not in an opportunity zone, Moxy Times Square is another Lightstone development with the same brand.

NEW YORK CITY—David Lichtenstein’s real estate investment and development firm the Lightstone Group announced it’s creating an opportunity zone fund with Peter K. Scaturro’s wealth management firm the PKS Group.

From 1999 to 2004 Scaturro was the CEO of Citigroup Global Private Bank. From 2005 to 2007 he served as the CEO of US Trust, and from 2007 to 2009 was a partner at Goldman Sachs Private Wealth Management.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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