Why Physicians Are Co-Investing in $55M Deals with a $12B

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What if physicians could co-invest in $55M industrial parks alongside a $12B family office without $100K consultants or high-risk leverage?

In this insightful episode, Dr. Mike Woo-Ming interviews Jonathan Spitz from Lightstone Direct, the new direct-to-investor arm of 40-year-old powerhouse Lightstone Group. Jonathan shares the firm's vertically integrated model (25K apartments, 12M sq ft industrial, 5K hotel keys), why they commit 20% of their own capital first (5-10x industry norms), and how physicians can diversify beyond stocks or DIY rentals. He breaks down direct vs. passive CRE, asset class pitfalls (office flops vs. industrial wins), and red flags like inexperienced managers or 85% debt. With examples like their Greenville industrial deal, Jonathan proves alignment and conviction drive better outcomes empowering busy doctors to build legacy wealth safely.

If you're a high-income physician eyeing real estate for tax efficiency and passive income, this is your guide to investing like institutions without the headaches.

• Decide direct vs. passive: If time-strapped, skip hands-on rentals for platforms like Lightstone Direct, vet managers on track record, cycles navigated, and skin in game (aim for 20%+). Passive reduces risks like tenant concentration; focus on assets like industrial for steady returns over volatile office or retail.

About the Show:

About the Guest:

Jonathan Spitz is the Head of Capital Formation at Lightstone Direct, where he connects individual investors, especially physicians, to institutional-quality real estate opportunities. With over a decade of experience spanning brokerage, lending, and private equity, Jonathan has navigated multiple market cycles and capital-raising environments. He focuses on transparency, education, and aligned incentives, helping professionals understand how private real estate can diversify portfolios, reduce taxes, and build long-term wealth.

Email: jspitz@lightstonedirect.com

About the Host: