Diligence memo · auto-generated · as of July 3, 2026
Lex Apartments 102b, LLC
Lex Apartments 102b, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Lex Apartments 102b, LLC operates in Proptech / Real Estate, based in SANDY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lex Apartments 102b, LLC has raised $2.9M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.9M on 2020-12-03.
Most recent recorded round closed around 2020-12-03.
Valuation (modeled)modeled
Provath models Lex Apartments 102b, LLC at approximately $28M (range $2.5M–$197M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.14× the median modeled value of Seed Proptech / Real Estate companies in 2019–2021 (17 peers) — value vs value, same stage and era. Within the normal band (114% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 5.6 yr ago; this sector typically re-raises about every 14 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 73% of Proptech / Real Estate peers (395 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Sentinel Homes Llc, Washington Soccer Properties, LLC, Hanbury Properties, LLC, Home Valet, Inc., USRC Houston Newco Home, LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.