The Real Deal New York

New digital investing platform targets NYC luxury real estate

February 09, 2014 11:00AM

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Todd Lippiatt

WEEKENDEDITION This week, Todd Lippiatt, formerly of Morgan Stanley and Credit Suisse, and managing principal of Aristone Realty Capital, is launching a Web-based alternative assets platform called Propellr, which will allow small accredited investors to invest in high-end real-estate properties and debt deals.

Lippiatt has a real-estate portfolio in Manhattan valued in the tens of millions of dollars, according to the New York Post.

One of Propellr’s more notably property-investment opportunities is the I.M. Pei-designed Centurion condominium at 33 West 56th Street – the property drew 15 investors that funded $1.03 million.

“We have a tremendous amount of respect for our investors,” Lippiatt said. “We want to provide as much access … as possible.”

And putting his money where his month is, Lippiatt, along with his management team, is personally in the first 10 percent of each deal. [NYP]Christopher Cameron

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