LEX is a commercial real estate marketplace where all investors can buy and sell shares of single asset real estate securities. Investors purchase shares during initial offerings (IPOs) for $250 and can trade them with no restriction, via the LEX Alternative Trading System (ATS), powered by Nasdaq. Investors have access to a complete depth of order book and will have access to execute against market makers.
LEX sources and places institutional-grade real estate by securitizing minority interests in large commercial assets. The ability to offer liquidity for investors through a secondary market allows LEX to offer more competitive terms than other potential LP investors who need to factor in an illiquidity discount and who often require operational rights.
LEX’s product provides real estate owners an unmet need in the equity recap space, while giving investors access to underwritten real estate investments (including the associated various tax benefits).