LEX Selects Nasdaq to Power Revolutionary Commercial Real Estate Securities Trading Platform

0

NEW YORK–(BUSINESS WIRE)–LEX, the leading commercial real estate securities marketplace that allows accredited and non-accredited investors to invest in individual properties, today announced its partnership with Nasdaq to power its trading platform. LEX will leverage the cloud-based matching service through the Nasdaq Market Services Platform to provide the same robust, low-latency, high-performance trading features used by more than 120 global market operators around the world. The technology partnership sets a new market infrastructure standard for trading real estate securities and establishes a proprietary trading platform for commercial real estate securities.

The Nasdaq Market Services Platform will serve as the underlying technology for LEX’s Alternative Trading System (ATS). The technology, which is designed with the rigorous standards of regulation, reliability and security proven in the financial markets, will provide LEX with a full range of trading functions, interfaces and capabilities of surrounding market operations in an environment dynamic that can adapt flexibly to the evolution of LEX’s activities. With road-tested technology in place, LEX will unlock previously unavailable matching opportunities between property owners and commercial and institutional investors at speed and scale. The company will also be able to demonstrate integrity and trust through transparent pricing mechanisms that inspire confidence in participants and investors.

“We are thrilled to forge this partnership with the Nasdaq and create the most powerful platform for trading real estate securities,” said Drew Sterrett, co-founder and CEO of LEX. “Nasdaq’s market-leading technology will enable LEX to scale with the sophistication of a global marketplace and help us achieve our mission to open access to the asset class for retail and institutional investors. The properties have historically exchanged hands over the years. The Nasdaq provides us with the technology to get there in less than a second.

“For nearly fifty years, Nasdaq has been a leading market operator and technology company,” said Paul McKeown, senior vice president and head of market operators and new markets, Market Technology, Nasdaq. “We look forward to working with LEX as a technology provider as they reimagine real estate securities trading to make America’s multi-trillion dollar commercial real estate market more open and transparent.”

Launched in 2019, LEX allows retail and institutional investors to invest directly in individual commercial real estate through SEC-qualified securities under Regulation A, allowing trading by non-accredited retail investors. The shares offered are listed on the stock exchange, allowing investors to benefit from all the tax advantages of direct real estate ownership.

The Nasdaq partnership underscores the momentum of LEX which has secured a strong stable of investors and advisors, including Craig Hatkoff, LEX President and Chief Strategy Officer. Mr. Hatkoff is an early pioneer in commercial real estate and mortgage securitization and currently serves on the boards of Colony Capital and SL Green, two of the nation’s largest REITs. Additionally, LEX has partnered with Nasdaq Private Market to facilitate secondary trading for private equity owners seeking liquidity.

“Our partnership with Nasdaq puts in place the final piece of the puzzle giving LEX a true first-mover advantage with an easy-to-use, proprietary platform for structuring and trading commercial real estate securities,” said Craig Hatkoff. “While others have tried variations, so far no one has cracked the code on how to partner with a recognized national stock exchange. access to an untapped market for the accredited and non-accredited investor and dramatically reduce the cost of capital for the real estate industry.”

About LEX

LEX is the premier marketplace for commercial real estate securities. On LEX’s platform, accredited and non-accredited investors can buy and sell shares of individual commercial real estate assets without prohibitive minimums or long lock-up periods. The revolutionary marketplace allows owners to easily unlock equity while maintaining operational control of their properties. LEX is democratizing the commercial real estate asset class and redefining real estate investing. For more information, visit www.lex-markets.com.

About the Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq or at www.nasdaq.com.

Share.

About Author

Comments are closed.