LEX Markets
LEX Markets is a New York-based commercial real estate securities marketplace, founded in 2017, that runs single-asset IPOs for individual commercial buildings. It enables retail and individual investors to purchase fractional shares in commercial properties that were historically accessible only to institutional buyers.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2C
- OfferingDigital Commerce or Content
What LEX Markets does
LEX Markets is a New York-based commercial real estate securities marketplace, founded in 2017, that structures single-asset initial public offerings (IPOs) for individual commercial buildings, enabling retail and individual investors to purchase fractional shares in properties that have historically been accessible only to institutional and accredited investors. The company's core product is a regulated marketplace platform that handles the end-to-end process of taking a single commercial property public, including securities structuring, regulatory compliance, investor onboarding, and secondary trading. The platform addresses the structural barrier of high minimum investment thresholds in commercial real estate by allowing small-dollar participation in individual assets, supporting portfolio diversification beyond public REITs and crowdfunding platforms.
The business model is transaction-based, deriving revenue from fees associated with structuring offerings, placement, and ongoing property or securities management. The company does not publicly disclose pricing, and revenue figures are not available in the provided sources. The customer base is segmented horizontally, targeting retail and individual investors seeking real estate exposure, while the supply side consists of commercial property owners and developers willing to undertake single-asset IPOs. Strategic backing includes Greycroft, Thor Equities, Khosla Ventures, MUFG Innovation Partners, and Second Century Ventures (the National Association of Realtors' investment arm), with PEAK6 Strategic Capital leading the $15 million Series A in January 2022.
Leadership is anchored by co-founder and CEO Drew Sterrett, with Craig Hatkoff serving as Chairman and George Korsnick as VP of Engineering. The company operates with 11-50 employees as of the most recent data and has raised approximately $27.5 million in disclosed funding across multiple rounds between 2019 and early 2022.
LEX Markets firmographics
Firmographics- Name
- LEX Markets
- Website
- https://LEX-markets.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LEX Markets is a New York-based commercial real estate securities marketplace, founded in 2017, that runs single-asset IPOs for individual commercial buildings. It enables retail and individual investors to purchase fractional shares in commercial properties that were historically accessible only to institutional buyers.
- Ownership category
- akta.pro rank
LEX Markets industry classification
Industry- Product category
- Commercial Real Estate Securities Marketplace
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Online/Virtual Real Estate Auctions (Marketplace Platforms) (BPAJAEAJ)
Keywords
Where LEX Markets is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
LEX Markets business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
LEX Markets product offering
Product offeringCore offering
LEX Markets runs a commercial real estate securities marketplace that takes individual commercial buildings public through single-asset IPOs. Investors can purchase shares in specific properties, gaining fractional ownership exposure to commercial real estate that has historically been restricted to institutional buyers.
Product overview
LEX Markets operates as a real estate securities marketplace enabling investors to access private real estate investments. The company offers a platform where investors can purchase shares in real estate properties, functioning as an investment marketplace for real estate securities.
Differentiator
Problem solved
Functional benefit
Products and services
- LEX Markets Real Estate Securities Marketplace An online commercial real estate securities marketplace where retail and individual investors can purchase fractional shares in individual commercial buildings through single-asset IPOs. The product enables direct property-level real estate investment and portfolio diversification for buyers who historically lacked access to commercial real estate.
Companies that use LEX Markets
Customer profileSegments1 record
Ideal customer profiles1 record
LEX Markets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
LEX Markets partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
LEX Markets competitors and assessment
Company assessmentDirect peers
- EquityMultiple: Commercial real estate investing platform offering individual investors structured debt and equity CRE deals. Directly comparable as a curated marketplace of single CRE opportunities for non-institutional investors.
- Fundrise: One of the largest U.S. real estate crowdfunding platforms, offering individual investors access to private real estate via eREITs and single-asset funds. Highly comparable to LEX Markets given its retail-investor focus and online CRE marketplace model.
- Yieldstreet: Alternative investment platform offering individual investors fractional access to real estate, marine, art, and other private assets. Comparable in target audience (retail investors seeking private-market access) and securities-platform mechanics.
- Cadre: Technology-enabled commercial real estate investment platform offering individual and institutional investors access to CRE opportunities. Comparable to LEX Markets in CRE focus and online marketplace structure.
- RealtyMogul: Online real estate crowdfunding platform offering individual investors access to REITs and individual CRE deals. Comparable to LEX Markets in retail-investor targeting and CRE securities marketplace mechanics.
- Arrived: Online marketplace for fractional ownership of single-family rental homes, targeting retail investors. Comparable to LEX Markets as a marketplace offering individual investors fractional single-asset access to real estate.
- CrowdStreet: Online commercial real estate investing platform offering individual investors direct access to CRE deals. Closely comparable to LEX Markets in customer base (retail + accredited investors) and product (single CRE deals as securities).
Emerging players
- Masterworks: Online marketplace offering individual investors fractional shares of individual fine-art pieces via single-asset 'IPO' structures. Highly comparable business model to LEX Markets' single-asset IPO concept, though applied to art rather than real estate.
- Lofty: Tokenized real estate marketplace enabling individual investors to buy fractional ownership of rental properties. Comparable to LEX Markets as a tech-enabled fractional CRE ownership platform targeting retail investors.
- Streitwise: Online private REIT platform offering individual investors direct access to commercial real estate income. Comparable as a non-public, online CRE investment platform serving retail investors.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
LEX Markets social profiles
Digital presenceLEX Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
LEX Markets leadership team
Management profileNumber of profiles
Profiles3 records
LEX Markets funding detail
Funding detailFunding overview
Funding rounds5 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LEX Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LEX Markets
What does LEX Markets do?
LEX Markets runs a commercial real estate securities marketplace that takes individual commercial buildings public through single-asset IPOs. Investors can purchase shares in specific properties, gaining fractional ownership exposure to commercial real estate that has historically been restricted to institutional buyers.
Is LEX Markets a public or private company?
LEX Markets is a private company. It is classified as venture growth investor backed and is currently operating.
When was LEX Markets founded?
LEX Markets was founded in 2017. It employs 11 to 50 people.
Where is LEX Markets based?
LEX Markets is headquartered in New York, United States, in the North America region.
Who are LEX Markets's main competitors?
Direct peers on record are EquityMultiple, Fundrise, Yieldstreet, Cadre, RealtyMogul, Arrived and CrowdStreet. Emerging players are Masterworks, Lofty and Streitwise.
Does LEX Markets have an API?
No public API is recorded for LEX Markets.
What industry is LEX Markets in?
LEX Markets's product category is Commercial Real Estate Securities Marketplace. Its primary akta.pro industry code is BPAJAEAJ, Online/Virtual Real Estate Auctions (Marketplace Platforms). Its NAICS code is 523210 and its SIC code is 6211.