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Name
|
| |
Age
|
| |
Year
First Elected |
| |
Business Experience and Principal Occupation; Directorships
in Public Corporations and Investment Companies |
|
David Lichtenstein | | |
59
|
| |
2008
|
| |
Mr. David Lichtenstein is the Chairman of our Board of Directors and our Chief Executive Officer. Mr. Lichtenstein founded both American Shelter Corporation and The Lightstone Group. From 1988 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of The Lightstone Group, directing all aspects of the acquisition, financing and management of a diverse portfolio of multi-family, lodging, retail and industrial properties located in 20 states and Puerto Rico. From June 2004 to the present, Mr. Lichtenstein has served as the Chairman of the board of directors and Chief Executive Officer of Lightstone Value Plus Real Estate Investment Trust, Inc. (“Lightstone I”) and Lightstone Value Plus REIT LLC, its advisor. From October 2012 to the present, Mr. Lichtenstein has served as the Chairman of the board of directors of Lightstone Value Plus Real Estate Investment Trust III, Inc. (“Lightstone III”) and from April 2013 to the present, as the Chief Executive Officer of Lightstone III and of Lightstone Value Plus REIT III LLC. From September 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Real Estate Income Trust Inc., (“Lightstone IV”), and as Chief Executive Officer of Lightstone Real Estate Income LLC, its advisor. From October 2014 to the present, Mr. Lichtenstein has served as Chairman of the Board of Directors and Chief Executive Officer of Lightstone Enterprises Limited (“Lightstone Enterprises”). Mr. Lichtenstein was appointed Chairman of the Board of Directors of Lightstone Value Plus Real Estate Investment Trust V, Inc. (“Lightstone V”), formerly known as Behringer Harvard Opportunity REIT II, Inc., effective as of September 28, 2017 and is Chairman and Chief Executive Officer of the its advisor. From July 2015 to September 2020, Mr. Lichtenstein served as a member of the Board of Directors of the New York City Economic Development Corporation. Mr. Lichtenstein is also a member of the International Council of Shopping Centers and the National Association of Real Estate Investment Trusts, Inc., an industry trade group, as well as a member of the Board of Directors of Touro College and New York Medical College.
Mr. Lichtenstein has been selected to serve as a director due to his extensive experience and networking relationships in the real estate industry, along with his experience in acquiring and financing real estate properties.
|
|
Name
|
| |
Age
|
| |
Year
First Elected |
| |
Business Experience and Principal Occupation; Directorships
in Public Corporations and Investment Companies |
|
Edwin J. Glickman | | |
88
|
| |
2008
|
| |
Mr. Glickman is one of our independent directors and the Chairman of our Audit Committee. From December 2013 to present, has served as a member of the board of directors of Lightstone III and from September 2014 to the present has served as a member of the board of directors of Lightstone IV. From December 2004 through January 2015, Mr. Glickman previously served as a member of the board of directors of Lightstone I. In January 1995, Mr. Glickman co-founded Capital Lease Funding, a leading mortgage lender for properties net leased to investment grade tenants, where he remained as Executive Vice President until May 2003 when he retired. Mr. Glickman was previously a trustee of publicly traded RPS Realty Trust from October 1980 through May 1996, and Atlantic Realty Trust from May 1996 to March 2006. Mr. Glickman graduated from Dartmouth College.
Mr. Glickman has been selected to serve as an independent director due to his extensive experience in mortgage lending and finance.
|
|
George R. Whittemore
|
| |
70
|
| |
2008
|
| |
Mr. Whittemore is one of our independent directors. From July 2006 to the present, Mr. Whittemore has served as a member of the board of directors of Lightstone I and from December 2013 to present, has served as a member of the board of directors of Lightstone III. Mr. Whittemore also presently serves as a Director and member of the Audit Committee of Village Bank Financial Corporation in Richmond, Virginia, a publicly traded company. Mr. Whittemore previously served as a as a Director of Condor Hospitality, Inc. in Norfolk, Nebraska, a publicly traded company, from November 1994 to March 2016. Mr. Whittemore previously served as a director and Chairman of the Audit Committee of Prime Group Realty Trust from July 2005 until December 2012. Mr. Whittemore previously served as President and Chief Executive Officer of Condor Hospitality Trust, Inc. from November 2001 until August 2004 and as Senior Vice President and Director of both Anderson & Strudwick, Incorporated, a brokerage firm based in Richmond, Virginia, and Anderson & Strudwick Investment Corporation, from October 1996 until October 2001. Mr. Whittemore has also served as a Director, President and Managing Officer of Pioneer Federal Savings Bank and its parent, Pioneer Financial Corporation, from September 1982 until August 1994, and as President of Mills Value Adviser, Inc., a registered investment advisor. Mr. Whittemore is a graduate of the University of Richmond.
Mr. Whittemore has been selected to serve as an independent director due to his extensive experience in accounting, banking, finance and real estate.
|
|
Name
|
| |
Age
|
| |
Principal Occupation and Positions Held
|
| |
Served as
a Director Since |
|
David Lichtenstein | | |
59
|
| | Chief Executive Officer and Chairman of the Board of Directors | | |
2008
|
|
Edwin J. Glickman | | |
88
|
| | Director | | |
2008
|
|
George R. Whittemore
|
| |
70
|
| | Director | | |
2008
|
|
Mitchell Hochberg | | |
68
|
| | President and Chief Operating Officer | | |
N/A
|
|
Joseph Teichman | | |
47
|
| | General Counsel | | |
N/A
|
|
Seth Molod | | |
56
|
| | Chief Financial Officer and Treasurer | | |
N/A
|
|
Name and Address of Beneficial Owner(1)
|
| |
Number of Shares of
Common Stock of the Lightstone REIT II Beneficially Owned |
| |
Percent of All Common
Shares of the Lightstone REIT II |
| ||||||
David Lichtenstein
|
| | | | 20,000(2) | | | | | | 0.11% | | |
Edwin J. Glickman
|
| | | | — | | | | | | — | | |
George R. Whittemore
|
| | | | — | | | | | | — | | |
Mitchell Hochberg
|
| | | | — | | | | | | — | | |
Seth Molod
|
| | | | — | | | | | | — | | |
Joseph Teichman
|
| | | | — | | | | | | — | | |
Our directors and officers as a group (8 persons)
|
| | | | 20,000 | | | | | | 0.11% | | |
| | |
2019
|
| |
2018
|
| ||||||
Audit Fees(a)
|
| | | $ | 305,000 | | | | | $ | 311,000 | | |
Audit-Related Fees(b)
|
| | | | — | | | | | | 41,000 | | |
Tax Fees(c)
|
| | | | 192,000 | | | | | | 213,000 | | |
Total Fees
|
| | | $ | 497,000 | | | | | $ | 565,000 | | |
|
/s/ Joseph Teichman
Joseph Teichman
General Counsel and Secretary |
| | | |
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