Seattle Housing Market Presents Opportunity for Investors

Seattle Housing Market Presents Opportunity for Investors

In our May-June issue, an article by Drew Sterrett (Creative Investing) detailed a strategy that would allow almost anyone to become a real estate investor. This is a follow-up to that story.

The offering is available to the general public on the LEX platform. The SOLIS building (1300 East Pike Street) is a sustainability-centric, award-winning multifamily and retail asset situated on Capitol Hill’s fast growing, popular Pine-Pike Corridor. Valued at $33M,the SOLIS offering is emblematic of a remarkable transformation in the real estate investing space, as buildings nationwide are being traded on the NASDAQ exchange with tickers, like company stocks.

LEX has democratized Commercial Real Estate investing by removing the high cost of entry that had limited it to high-net-worth individuals. For the first time, investors can buy individual shares of institutional-quality, income-producing properties. They can then trade without any required holding periods via the secondary market. The LEX platform is an unprecedented commercial real estate investing method whereby investors can participate in the market for the first time alongside institutional players while owners can recapitalize and maintain control easily. It is built from the ground up to incentivize liquidity using three key elements:

1. Diverse participation: Open to all brokers and investors, accredited or not, including LEX’s own self-directed retail customers
2. Low transaction costs: LEX does not charge trading commissions and absorbs all regulatory fees; trades execute using Nasdaq’s matching technology, and they clear and settle via the same systems as other U.S. equities
3. Transparency: LEX publishes its lit order book in real time; all trades are published to the tape within 10 seconds, and the issuers publish current financial reports on Edgar

Full press release: https://www.businesswire.com/news/home/20220524005148/en/LEX-Announces-It-Will-Take-Seattles-SOLIS-Building-Public-In-IPO