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.
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.
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.
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.
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. Thank you to all of our investors who participated in this unique offering. You’re part of a community of thousands of investors who are taking advantage of the benefits of commercial real estate investing through LEX.
LEX structures the securities we offer as publicly traded partnerships to give investors the tax benefits of direct commercial real estate ownership. While each individual taxpayer has unique circumstances, investing in PTPs can generally reduce your tax liability when compared to investing in other taxable income securities.