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Invest in Seattle's 2021 Multifamily Development of the Year

We are excited to share details of our upcoming offering, SOLIS, located in Seattle, Washington.

SOLIS is a recently constructed, award-winning apartment complex with ground floor retail space located at 1300 East Pike Street in the beating heart of Seattle’s Capitol Hill neighborhood. 

Situated on the popular Pine-Pike corridor, SOLIS is surrounded by a lively mix of restaurants, bars, and prime retail and entertainment venues, offering convenient proximity to major tech employers and Seattle’s largest universities and hospital systems, as well as excellent transportation links. 

SOLIS is a six-story cornerstone of the Capitol Hill neighborhood; the project was developed by SolTerra Capital. Opened in May of 2020, the new building features 45 residential units and three first-floor retail spaces. SOLIS is currently 100% leased and features top-tier tenants including Sonder, the next generation hospitality company known for curating award-winning accommodations in 38 leading markets around the world. Sonder maintains nine units on a five-year term. 

Asset Quick Facts: 

  • Recent construction, completed May 2020
  • 6-story mixed-use property with 34,260 SF of total rentable space
  • 100% Leased 
  • Exempt from property tax on over 61% of assessed value for 10-years 
  • Well-located in Seattle’s culture epicenter, the Capitol Hill Pike-Pine corridor  
  • Common equity held side-by-side with respected sponsor
  • Certified Seattle’s largest Passive House Project (2021)

SOLIS is a leading example of environmentally-friendly design, having been built to Passive House Standards and recognized by Passive House Institute US (PHIUS) as the “Best Multi-Family Project of the Year” in 2021. On average, developing a Passive House requires only 5% higher construction costs while offering owners and tenants up to 70% less energy usage for climate control and up to a 60% overall reduction in utility bills for residents. 

Investing with LEX 

As with all LEX offerings, investors can purchase shares at the time of the IPO, earn distributions when the building pays them*, and offer their shares for sale via the proprietary LEX Alternative Trading System at any time. LEX does not charge trading fees and there are no required holding periods. 

As soon as the IPO is live, investors will be able to purchase shares on a first-come, first-served basis. Until then, you can log into the platform to research the offering. If you are interested in purchasing shares of this asset, we encourage you to create and fund your LEX account now so that you can participate in the IPO when it goes live. Once the IPO closes, the secondary market will open. 

To learn more about SOLIS, explore our research tools, or indicate your interest in SOLIS, please visit our offering page. Our offering circular is available here

For more details about investing in SOLIS, we encourage you to reach out to our investor relations team for a detailed walkthrough of the offering. Please let us know what time works best for you and we’ll call you. Schedule a time here or reach us directly at (212) 870-8895.

This investment may not be suitable for all investors. Distributions not guaranteed.  Property performance and performance of property tenants not guaranteed. Diversification does not eliminate the risk of experiencing investment loss.

June 21, 2022

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