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S7E74 Interview with Drew Sterrett, Co-Founder of LEX

LEX is on a bold mission. They want to make it possible for you to buy shares of commercial real estate, similarly to the way you can buy stocks. “Don’t buy brands. Buy buildings.” That’s straight from their website and it’s how I kick off the interview with co-founder, Drew Sterrett. We get into the details of exactly how consumers will soon be able to buy and sell shares of buildings, regardless of investor status with as little as $100. No minimum holding periods and very little friction. There’s a lot happening in fractional ownership these days, so I asked Drew to share why LEX is totally different than anything else available on the market. You’ll need to listen in to hear the details.

Drew began his career in real estate at Tungsten Partners, a real estate private equity firm, where he sourced, evaluated, structured, and facilitated real estate investments. Assessing risk and analyzing the financial and strategic viability of investment opportunities, Drew helped source, scrutinize, appraise, and model the risk, potential value, and strategic viability for real estate investments in markets including New York City, Miami, San Francisco, Marfa, Madrid, and Venice, amounting to over $1 billion in assets. He also assisted in the management and support of Tungsten’s high net worth clients. Prior to LEX, Drew co-owned, developed, and sold an apparel consumer brand after working on Capitol Hill.

Company Overview:
LEX is the first and only commercial real estate securities marketplace available to accredited and non-accredited investors.

On LEX’s platform, everyday Americans can buy and sell shares of individual commercial properties, giving users the flexibility to create customized and diversified real estate portfolios. In addition, the groundbreaking marketplace will allow property owners to easily unlock equity while retaining operational control of their properties. LEX is democratizing the commercial real estate asset class and redefining real estate investing.

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