NEW YORK CITY—To the shock of no one, Steven Spinola has found what to do in his next chapter.
The Lightstone Group has brought on the president emeritus of the Real Estate Board of New York—and the longest serving president of that organization—to the board of directors of Lightstone Real Estate Income Trust as an independent director.
Spinola is the longest-serving REBNY president, having presiding over the organization's growth from 4,000 members in 1986 to more than 16,000 members today. He is widely recognized as the most influential and well-informed advocate for the city's real estate industry and New York's status as a competitive and business-friendly locale that consistently attracts global investment. Spinola retired in 2015 and currently serves as president emeritus.
“Steven's integrity, coupled with his vast experience in New York City real estate, provides us a tremendous resource offering keen real estate industry expertise,” says David Lichtenstein, chairman and CEO of Lightstone and the REIT. “We are pleased that he has joined the board of our non-traded, public REIT.”
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