LEX Announces IPO of Prime New England Industrial Asset
Located less than an hour from
The building's proximity to
“One Chestnut is a key part of our portfolio, and we're excited to share this investment opportunity with the public through our partnership with LEX,” said
“The MFD team has spent a number of years repositioning the asset, providing the upgrades that our tenants want,” said
As of this writing, One Chestnut has more than 50 tenants, including the four largest that occupy more than 57% of the net rentable space and have an average tenure at the property of over 25 years. The largest tenant,
"The One Chestnut IPO is a signal of our continued and strong momentum this year," said
One Chestnut is open to all U.S. investors. Investors can benefit from the favorable tax treatment associated with direct ownership of real estate and will receive their proportional share of any cash distributions along with the owner.
Once the initial offering period ends, shares can be held in any brokerage account. One Chestnut will be assigned a ticker symbol and trade on the secondary market, just like any other stock. Shares will trade during standard market hours.
Please visit LEX’s offering page for more information about The Landing at One Chestnut.
About LEX
LEX is a new way to invest in real estate. LEX turns individual buildings into public stocks. Any
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No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Disclosures
This document shall not constitute an offer to sell or the solicitation of an offer to buy an interest in the Company or other offering, which may only be made at the time a qualified offeree receives the offering circular contained within the Offering Statement (the “Offering Circular”), and the subscription agreement pursuant to which a potential investor may participate in the offering by subscribing for limited liability company units of the Company (Units). All information contained herein is qualified in its entirety by the detailed information that is contained will appear in the Offering Circular, subscription agreement, and the related offering information. The Offering Circular is available here.
Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a securities offering. This investment may not be suitable for all investors. Distributions not guaranteed. Liquidity not guaranteed. Property performance and performance of property tenants are not guaranteed. Diversification does not eliminate the risk of experiencing investment loss.
All investment services are offered by
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