Lichtenstein's Lightstone Value Plus was one of a number of REITs attracting attention from investors, due to market instability. In late 2010, REITs raised an estimated $9 billion, with a 6.5 percent annual yield. Lightstone Value Plus was the 18th-largest non-traded United States-based REIT, with a dividend of 7 percent. That percentage was much higher than many other non-traded REITs during that period. Following the success of Lightstone Value Plus, Lichtenstein launched a second non-traded REIT. Lightstone Value Plus II followed a similar strategy to the initial fund, focusing on investments across a number of markets.