Overland Park, Kan. - February 5, 2024 - LODAS Markets unveiled its transfer agent offering to further streamline alternatives investing and announced that Triple Crown Realty Trust, Inc. (“TCRT”) is the inaugural transfer-agent customer of LODAS Transfer, LLC.
TCRT plans to directly list on LODASMarkets.com during the current quarter to provide liquidity opportunities to its shareholders, becoming one of 40 securities trading on LODAS' all-electronic secondary market. It will be the third direct listing, following VineBrook Homes Trust and Silver Star Properties Trust.
LODAS Markets CEO Brian King said, "We’re excited to work with TCRT and appreciate their faith in LODAS as a direct listing and our first transfer-agent client, launching a key component of our strategy to modernize the investment process for real estate and alternative assets.”
“This development enables LODAS to vertically integrate the entire, fully-electronic lifecycle of the investor experience, from the initial client onboarding, through the ultimate secondary sale of the investment on our platform,” he said.
TCRT President Tim Johnson said “We’re proud to work with LODAS to offer TCRT investors the opportunity to engage with an innovative company offering a vast array of services, including ownership transfer and tangible liquidity options.”
TCRT, Wichita, Kan., is a private, non-registered REIT specializing in industrial real estate with professionally managed small-cap tenants.
LODAS stands for Liquidity On Demand As a Service as the company strives to provide all investors – from individuals to sponsors, to large funds – with liquidity on their terms. LODAS operates the first fully-automated online marketplace matching buyers and sellers of assets like non-traded REITs, business development corporations and private real estate investments.
LODAS Securities, LLC Member FINRA / SIPC - LODAS Securities, LLC is a wholly subsidiary of LODAS Markets, Inc.
The information provided herein does not constitute an offer to sell securities or the solicitation of an offer to buy securities, which can only be made by the applicable offering document filed and registered with the appropriate state and/or federal regulatory agencies and sold by broker dealers authorized to do so. There is no guarantee that a market will develop for some securities, and as a result, they may remain illiquid.