After multiple successes in New York, LEX is taking another building public, this time it’s the SOLIS mixed-use sustainable property in the Pine-Pike Corridor of Seattle. The offering is currently live on the LEX platform.
SOLIS is surrounded by a lively-mix of restaurants, bars and prime retail entertainment venues, as well as convenient proximity to major tech employers and large universities. SOLIS is 100% leased and is built to Passive House standards, designed to operate using substantially less energy and achieve significant cost savings.
“This new IPO represents a major step forward in LEX’s mission to democratize the $17 trillion U.S. commercial real estate market. SOLIS will expand our innovative approach to commercial real estate investing to one of the most highly in-demand markets in the country,” said Drew Sterrett, LEX Co-Founder in a news release.
SOLIS is open to all U.S. investors, and will be assigned a ticker once the IPO ends. Shares can be purchased through any brokerage account and will trade on the secondary market, just like any other stock.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.