We are excited to officially announce that LEX’s latest offering in Seattle, SOLIS, is now open. You can now purchase shares directly through the LEX platform here.
We are proud to be partnered with the incredible team at Solterra (SolTerra Capital Inc.) and to offer LEX investors the opportunity to purchase an equity interest in SOLIS, a compelling entry point for investing in Seattle’s rapidly growing market.
This offering presents investors with a unique opportunity to invest alongside an award-winning and highly credentialed building sponsor. Additionally, investors in SOLIS will be pro-rata, side-by-side common equity holders with the respected sponsor. This entitles unit holders to receive applicable distributions. Units are offered under Regulation A and therefore do not have any holding period requirements, providing investors optimal flexibility and control over their investment.
Invest now while shares are still available at a fixed price before trading begins.
Click here to learn more about the property and see potential return scenarios.
As soon as the IPO is live, investors will be able to purchase shares on a first-come, first-served basis. Currently 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 so that you can easily participate in the IPO when it opens. Once the IPO closes, the secondary market will open.
SOLIS is a six-story cornerstone of the Capitol Hill neighborhood. The building is located at 1300 East Pike Street. Recently opened in May of 2020, the brand new building features 45 residential units and three first-floor retail spaces. The building is 100% leased.
The property meets Passive House Standards and was recognized by PHIUS as the “Best Multi-Family Project of the Year” in 2021. SOLIS is a leading example of ecological design. 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.
As with all LEX offerings, investors will be able to buy and sell shares of SOLIS on LEX’s secondary market platform shortly after the IPO concludes. There are no lockups or hold periods. Liquidity is not guaranteed.
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
We are excited to announce a major milestone for LEX and our community of investors. LEX closed our first-ever publicly available offering, the 286 Lenox IPO in New York City.