CAPRE’s Commercial Real Estate Headlines for October 4, 2019

Check out the latest deals and developments in commercial real estate for October 4, 2019: LEX to Launch First Marketplace Enabling Everyday Investors to Acquire and Trade Securitized Real Estate Equities: LEX, the first commercial real estate securities marketplace available to retail investors, closed $4M in seed financing co-led by Greycroft and Thor Equities. On LEX’s platform, everyday Americans will be able to buy and sell shares of individual commercial properties, giving retail investors the flexibility to create customized income-producing real estate portfolios, and allowing property owners to unlock equity while retaining operational control of their properties. LEX is democratizing the commercial real estate asset class and redefining real estate investing. Retail investors have had limited access to commercial real estate. The best opportunities have been reserved for real estate private equity funds and high net worth investors. REITs enable public investment in pooled holding companies, but are not customizable and do not pass through many of the tax benefits of real estate ownership to shareholders. Other direct investment platforms are restricted to accredited investors and only offer securities that are not freely tradable. Property owners have had limited ability to realize liquidity on the equity they own. They typically must sell their entire property to liquidate their investments, incurring high transaction costs and losing control of properties they care about. City Office REIT Announces Pricing of Public Offering of Common Stock: City Office REIT, Inc. has priced an underwritten…