Alpha is in the sourcing.

Most of what trades next year is already in the public record. We read it as one market, find who can sign, and connect both sides. Less friction. More liquidity.

Bring a situation · Bring a mandate

CHAIN OF TITLE · MULTIFAMILY · TEXAS

2014 · Warranty deed · Single asset LLC
2017 · Deed of trust · Regional bank · $25M to $50M
2023 · Second modification · Sponsor consent lapsed
NEXT LINK · NOT YET RECORDED: 2026 · Transfer of controlling interest · Authority: limited partner

Who is the next grantee. Who has to sign.

MATURITY · Multifamily · Texas
RECEIVER APPOINTED · Office · Southeast
CH.11 · Hospitality · Mid Atlantic
SERVICING TRANSFER · Retail · Mountain West
PARTNER DISSOLUTION · Industrial · Midwest
NOTICE OF DEFAULT · Multifamily · Southeast

Fragmented public records. Read as one market.

Deeds, loans, dockets and disclosures show where a transaction is forming, months before a broker is hired.

RECORDER'S LEDGER · ALL COUNTIES · READ CONTINUOUSLY

Deed of trust · Harris County · 2017 — Maturity in seven months
Second modification · Harris County · 2023 — Sponsor consent lapsed
ABS-EE Schedule AL · SEC · 2026 Q3 — Control resolves to limited partner

Multifamily · Texas · $25M to $50M · Maturity · 2026 Q1 · 11 months
Office · Southeast · $10M to $25M · Lender action · 2026 Q1 · 7 months
Hospitality · Mid Atlantic · $50M to $100M · Bankruptcy · 2026 Q2 · 9 months
Industrial · Midwest · under $10M · Partner dissolution · 2026 Q2 · 8 months

Illustrative situations identified through public and proprietary intelligence. OffMarketX does not necessarily represent the parties or assets shown.

One path leaves artifacts. The other leaves none.

No listing. No memorandum. No print in the comps. Better pricing for the seller, a cleaner process for the buyer.

THE PUBLIC PATH

Broker hired
Listed
Offering memorandum
Broker blast
60 days
Print in the comps

THE CROSSED PATH

Identified
Resolved
Matched
Closed

A property is not a counterparty.

CONSENT INDEX · ONE SITUATION

Lender consent — Special servicer · prior relationship
Partnership consent — Limited partner majority · identified
Receiver sign off — Court appointed · introduction available
Tenant estoppels — 12 required · form in file

ROUTE · 3 matched mandates · 1 prior relationship · introduction available

Sometimes the trade is the building. Sometimes it is the note.

CAPITAL STACK · MULTIFAMILY · TEXAS

Senior loan · CMBS trust — Can sell
Mezzanine · Debt fund — Can sell
Preferred equity · Family office — Sponsor consent required
Common equity · Limited partners — Can sell control
General partner · Sponsor — Cannot act

Bring a situation, or bring a mandate.

A confidential read and, where there is a fit, an introduction. Nothing is listed. Nothing moves without you.

If you hold the situation.

Owners, lenders, note holders, receivers, fiduciaries.

Bring a situation

If you deploy capital.

Admitted on mandate.

Bring a mandate

Bank special assets groups · CMBS special servicers · Court appointed receivers · Restructuring counsel · Sponsors and operators · Special situations capital