The Real Deal New York

New digital investing platform targets NYC luxury real estate

 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