LEX is a commercial real estate securities marketplace that takes commercial buildings public through single-asset IPOs.

LEX Markets lets you access institutional-quality commercial real estate previously unavailable to retail investors.

LEX was founded in 2017 by Drew Sterrett and Dean Sterrett. The company is headquartered in New York, New York.

 

LEX enables both accredited and non-accredited investors to buy and sell shares of individual commercial real estate assets without lockups, starting at $250. 

 

LEX securities are structured as publicly traded partnership interests, which allows for the tax benefits of real estate ownership to pass through to the individual investors. Investors receive a Schedule K-1 tax form, not a 1099, at the end of the year.

 

LEX is backed by PEAK6, Khosla Ventures, MetaProp, Gaingels, Two Lanterns, MUFG Innovation Partners, Kawawa Capital, Inertia Ventures, Modern Venture Partners, Subversive Capital, and others. The company raised $15M in Series A round on Jan 28, 2022. This brings LEX's total funding to $25M to date.

 

 

  • Year founded: 2017
  • Funding Info: $25M over 3 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: New York City
  • State: New York
  • Country: United States
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