Diligence memo · auto-generated · as of July 2, 2026
Lex Apartments, LLC
Lex Apartments, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Lex Apartments, 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, LLC has raised $1.2M 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: $1.2M on 2022-02-20.
Most recent recorded round closed around 2022-02-20.
Valuation (modeled)modeled
Provath models Lex Apartments, LLC at approximately $8.3M (range $1.1M–$42M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.68× the median modeled value of Seed Proptech / Real Estate companies in 2022–2024 (31 peers) — value vs value, same stage and era. Within the normal band (68% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 4.4 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 64% of Proptech / Real Estate peers (395 compared).
Modeled value ranks above 67% of those peers.
Closest niche peers: 1560 Sherman St Apartments LLC, Highland Park & Penn Apartments LLC, CA Affordable Housing I, LP, San Remy Apartments, LLC, Urban Home Living 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.