02 / Division

Clients first. Then our investors. Then us.

Every property ALEX finds goes to clients first. If no client wants it and it passes our vetting, it goes to the ALEX investment program. Only if both pass, in writing, may ALEX or an ALEX agent buy it.

Online: alex-companies.com/investments
Printable PDF: alex-companies.com/alex-investments.pdf

Version 1.3 · November 11, 2026 · 8:35 PM CST

At a glance

  • One LLC per property, managed by ALEX
  • ALEX's commission share always invested, never taken as cash
  • 3% sponsor share, then 97% by dollars in, same price for everyone
  • Investors always own at least 81%
  • No bonus, promote or waterfall at sale
3%
ALEX sponsor share
97%
divided by dollars in
10%
maximum ALEX ownership
81%
minimum investor ownership

Our promise

Who gets first choice

Many investor-brokers keep the best opportunities for themselves. That conflicts with the duty every brokerage, broker and agent owes: putting the client's interests above our own. So every property passes through the same three steps, in this order.

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Who gets first choice on a property Step 1, clients: a client with a signed buyer representation agreement and a matching defined search gets first choice. If no client wants it, step 2, investors: ALEX vets the deal; if it makes sense it is offered to the ALEX investment program, and if not it never reaches investors. Step 3, us: only if clients and investors both pass in writing may an ALEX agent or ALEX buy it, with broker approval and written disclosure of license status. 01 / Clients Matching clients choose first Signed buyer rep agreement + defined search that matches 02 / Investors ALEX vets, then offers to the investment program Only if no client wants it 03 / Us An ALEX agent or ALEX may buy it Broker approval + written disclosure pass both pass, in writing fails vetting Never reaches investors

A property moves right only when the step before it passes. A deal that fails ALEX's vetting never reaches investors.

01

Clients

If a client with a signed buyer representation agreement has a defined search that the property matches, that client gets first choice.

  • Agent-found: an agent or associate broker who finds a property for their own client under a buyer representation agreement presents it to that client first. Their fiduciary duty is to that client; there is no obligation to tell other ALEX clients.
  • ALEX-found: when ALEX finds a property that matches several clients' defined searches, every matching client is told at the same time, through their agents, and the first offer wins.

02

Investors

If no client wants it, ALEX vets the deal. If it makes sense, it is offered to the ALEX investment program. If not, it never reaches investors.

03

Us

Only if both pass, in writing, may an ALEX agent or ALEX itself buy it, with broker approval and written disclosure of license status.


Process

How a deal works

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The life of one ALEX LLC Five steps: an LLC is formed for one property and managed by ALEX; ALEX represents it as buyer's broker and its commission share goes in as equity; investors and insiders fund it in cash with a reserve of at least 10 percent; ALEX manages it, with 6 percent property management only when needed; at sale ALEX lists it for 3 percent and proceeds after sale costs are shared by ownership. 01 / Form Own LLCper property Managed by ALEX 02 / Buy Commissiongoes in ALEX's share: always Agent's: optional 03 / Fund Investorsadd cash Reserve of at least 10% 04 / Hold ALEX managesthe LLC No admin fee 6% PM if needed 05 / Sell Shared byownership 3% listing No promote

The deal rules

The same ten rules apply to every LLC.

  1. Each property is bought by its own LLC, managed by ALEX.
  2. ALEX represents the LLC as buyer's broker.
  3. ALEX's share of the buyer's broker commission always goes into the LLC as equity. It is never taken as cash.
  4. The deal agent chooses how much of their commission share to invest, from none to all. Any net commission not invested is paid to the agent through ALEX as usual.
  5. ALEX receives a 3% sponsor share of every LLC at formation, for sourcing, structuring and managing the deal. No other bonus of any kind.
  6. The other 97% is divided by dollars in, at the same price for everyone: investor cash, ALEX commission, agent commission, and ALEX or agent added cash.
  7. Investors contribute cash. Every LLC holds a reserve of at least 10% for taxes, maintenance, legal and accounting. Reserve interest belongs to the LLC.
  8. No administration fee. Outside costs are passed through to the LLC at cost, with no markup, limited to unaffiliated third parties.
  9. 6% property management when the property needs it.
  10. At sale, ALEX lists the property for a 3% commission. After sale costs, proceeds are shared by ownership. No bonus, promote or waterfall.

Ownership

Who owns what

ALEX owns a 3% sponsor share of every LLC from formation. The other 97% is divided by dollars in: every dollar, whether it is investor cash, an invested commission or added cash, buys ownership at the same price.

Scroll sideways to see the whole figure

Ownership of one LLC, drawn to scale Typical deal, one million dollar purchase, 3 percent commission, 90/10 agent split, agent invests all of their commission: ALEX 3.26 percent, of which 3 percent is the sponsor share; deal agent 2.38 percent; investors 94.35 percent. With every limit filled: ALEX 10 percent, deal agent 5 percent, other agents and staff 4 percent, investors 81 percent. Typical deal (illustrative) Investors 94.35% ALEX 3.26% (3% sponsor + 0.26% commission) · Deal agent 2.38% Every limit filled: the most insiders can ever own Investors 81% ALEX 10% · Deal agent 5% · Other agents & staff 4% ALEX sponsor ALEX commission / cash Deal agent Other agents & staff Investors

Both bars drawn to scale. The top bar is illustrative ($1,000,000 purchase, 3% commission, 90/10 agent split, agent invests all of their share); the calculator below reproduces it. The sponsor share is owned from day one and dilutes investors even if the property only breaks even.

Ownership limits

"ALEX" means ALEX, George, Diane and every related entity, counted together.

Investors always own at least 81%, and usually 94% or more.

WhoMaximum
ALEX10%
3% sponsor share + commission + added cash
The deal agent5%
commission + added cash
All other ALEX agents and staff, combined4%
ALEX, agents and staff together19%
Any one person or entity19%
family and controlled entities count together

Allocation

Who fills the deal, in what order

  1. Fixed first: the 3% sponsor share and invested commissions.
  2. Investors next: they may take all they want.
  3. Other agents and staff last: only what investors leave, up to 4% combined.
  4. Everyone commits in dollars, by the same deadline, in writing, with a $5,000 minimum.
  5. Oversubscribed: insiders' optional cash drops first; then everyone is cut back pro rata.
  6. Not fully funded: insiders fill only up to their limits; otherwise the deal does not close.
  7. Unused insider room goes to investors, never to another insider bucket.
  8. Results are published to every participant after allocation.


Strategies

Investment groups

Every deal belongs to one group and carries an ID with its group code and year, for example ALEX-LG-2027-01. Four groups launch in 2027; two are planned for the future.

Income
Growth
Land
LI

Land Income

Timber, farm, ranch and leased land.

Launch 2027

LG

Land Growth

Raw land in the path of growth.

Launch 2027

Residential
RI

Residential Income

1 to 4 unit rentals.

Launch 2027

RG

Residential Growth

Planned.

Future

Commercial
CI

Commercial Income

Multifamily (5+ units), retail, office and industrial.

Launch 2027

CG

Commercial Growth

Planned.

Future


Agents

How ALEX agents take part

ALEX agents are independent. When an agent has a buyer representation agreement with a client, a person or an entity such as an LLC, their fiduciary duty is to that client alone, not to ALEX or the program. No agent is asked or paid to steer a client's opportunity to the program.

Agents choose

Each deal agent decides how much of their commission to invest, from none to all. Anything not invested is paid through ALEX as usual.

Passive equity

Agents hold passive equity on the same terms as investors, with no management role.

Leaving ALEX changes nothing

An agent who leaves keeps their equity until sale. There is no buyout, and no transfer without ALEX's consent.

No pay for bringing investors

Agents may refer investors to George or Diane, for no compensation. Misconduct is handled in the agent agreement (non-solicitation of program investors), not through the equity.


Capital

Capital, reserves and who can invest

Cash in, same price

Investors contribute cash. ALEX and the deal agent contribute invested commission and any added cash. Every dollar buys ownership at the same price, with a $5,000 minimum.

Reserve of at least 10%

Every LLC holds a reserve of at least 10% for property taxes, maintenance, legal and accounting. Reserve interest belongs to the LLC, not to ALEX.

Who can invest

Accredited investors only, as defined in Rule 501 of Regulation D. Investors certify their status in writing.


Illustration

See who owns what

An illustrative ownership example assuming an all-cash purchase. Closing costs, financing and taxes are excluded. It shows ownership only, not returns.

Inputs

$
%
%

Enter 0 when George or Diane leads the deal.

%
$
$
$

After investors take what they want.

    Reserve fixed at 10%. Sponsor share 3%. Limits: ALEX 10%, deal agent 5%, other agents & staff 4%.

    Ownership

    ALEX sponsor ALEX commission / cash Deal agent Other agents & staff Investors
    WhoDollars inOwnershipLimit
    ALEX10%
    incl. 3% sponsor share$03.00%
    Deal agent5%
    Other agents & staff4%
    ALEX + agents + staff19%
    Investorsat least 81%
    Total capital (price + 10% reserve)100.00%
    Agent commission paid through ALEX
    $0
    ALEX annual fee

    Illustrative only. Shows ownership, not returns. Closing costs, financing and taxes are excluded.


    FAQ

    Questions

    Only last. A property goes first to matching clients, then, if it passes vetting, to the ALEX investment program. Only if both pass, in writing, may an ALEX agent or ALEX itself buy it, with broker approval and written disclosure of license status.

    ALEX receives 3% of every LLC at formation for sourcing, structuring and managing the deal. It is ALEX's only bonus of any kind. Because it is owned from day one, it dilutes investors even if the property only breaks even. The other 97% is divided by dollars in, at the same price for everyone.

    No. After sale costs, proceeds are shared by ownership. There is no preferred-return hurdle, tiered waterfall, promote or bonus at sale.

    When it's time to sell, ALEX lists the property for a 3% commission, the same professional fee any listing brokerage would typically earn. Because ALEX also manages the LLC and owns part of it, the commission is disclosed to every member.

    If oversubscribed, insiders' optional cash drops first, then everyone is cut back pro rata. If not fully funded, insiders fill only up to their limits; otherwise the deal does not close. Results are published to every participant.

    A reserve of at least 10% covers property taxes, maintenance, legal and accounting, so the LLC isn't forced into capital calls for routine costs. Any interest the reserve earns belongs to the LLC and is shared by ownership like all other income.

    Interested in investing with ALEX?

    Start a conversation about your goals. We'll explain current eligibility requirements and how the program works.

    Accredited investors only

    Important: This page is for general information only and is not an offer to sell, or a solicitation of an offer to buy, any security. Any offering will be made only through definitive offering documents and only to persons who qualify. Investments are open to accredited investors only, as defined in Rule 501 of Regulation D. Investing in real estate involves risk, including loss of principal. Past performance does not guarantee future results. The calculator and examples are illustrative and exclude closing costs, financing, operating results and taxes.

    ALEX Real Estate is a d/b/a of Alexander Tiffany Southwest, LLC. When ALEX or its license holders acquire an interest in a property, that interest will be disclosed in writing as required by law. The listing commission at sale is disclosed to every member. ALEX is not a registered investment adviser and does not provide tax or legal advice.

    02 / Division · Venture

    Alumni Ventures

    We are a member of Alumni Ventures and can introduce you if you are interested in any of the investment vehicles.

    At a glance

    • 31 venture clubs in 4 groups
    • By alumni community, profession, sector and stage
    • ALEX makes the introduction; you invest directly with Alumni Ventures
    • No compensation to ALEX: a courtesy to our clients and investor partners

    Investment vehicles

    Venture clubs

    01 / 13 clubs

    Alumni & Community Affinity

    Sorted by university / ecosystem

    Babson College

    Babo Venture Club

    For Babson College alumni and community members.

    Columbia University

    116 Street Venture Club

    For Columbia alumni and affiliated professionals.

    Dartmouth College

    Green & Granite

    For Dartmouth alumni connected by the Dartmouth network.

    Harvard University

    Yard Venture Club

    For Harvard alumni and affiliated professionals.

    Israel Tech Ecosystem

    Israel Tech Venture

    Focuses on backing startups, founders, and innovations originating from Israel's tech ecosystem.

    MIT

    Castor Club

    For MIT alumni and friends of the MIT community.

    MIT

    MIT Venture Club

    For MIT alumni and friends of the MIT community.

    Northwestern University

    Purple Arch Venture Club

    For Northwestern alumni and affiliated professionals.

    Stanford University

    Spike Ventures Club

    For Stanford alumni and affiliated professionals.

    Texas A&M University

    Ring Ventures

    Dedicated venture funds and syndicates for Texas A&M alumni and the Aggie community.

    University of Pennsylvania (Penn)

    Chestnut Street Venture Club

    For Penn alumni and affiliated professionals.

    University of Texas

    Congress Avenue Ventures

    Offers dedicated venture funds and deal-by-deal syndicates for UT alumni and the Longhorn community.

    Yale University

    Blue Ivy Venture Club

    For Yale alumni and affiliated professionals.

    02 / 4 clubs

    Role & Professional Background

    Bar Club (The)

    An invite-only forum for attorneys to apply legal-level diligence and rigor to venture capital investing.

    CISO Venture Club

    A private circle for Chief Information Security Officers (CISOs) and senior cybersecurity leaders.

    CRO Venture Club

    Designed for current and former Chief Revenue Officers and GTM leaders to evaluate deals through revenue-tech diligence.

    Wall Street Venture Club

    Tailored for finance professionals applying institutional investment rigor to early-stage startups.

    03 / 10 clubs

    Sector & Technology Focused

    AI and Robotic Venture Club

    Focuses on hardware and deep tech AI, including chips, robotics, autonomous labs, industrial AI, and defense tech.

    AI Club

    Focuses on all aspects of artificial intelligence technologies and ventures.

    AI First Ventures

    An invite-only circle focused on building disciplined exposure to AI-native companies transforming industries.

    Coming soon

    BioFrontier

    A private circle backing startups at the intersection of AI and biology.

    DeepTech

    Focuses on hard sciences, including advanced materials, robotics, semiconductors, and frontier technologies.

    Doctors & Health Tech

    Focuses on digital health, biotechnology, and medical devices.

    Maritime

    Targets innovations in shipping, port infrastructure, and the broader ocean economy.

    Nuclear & Nuclear Tech

    Focuses on climate tech, clean energy solutions, and decarbonization through nuclear and related technologies.

    Space Ventures Club

    Targets commercial space economy innovations and cost-curve improvements in space technology.

    Women Investing in AI Club

    A private investing circle dedicated to allocating capital into artificial intelligence through women capital allocators.

    04 / 4 clubs

    Stage & Strategy Focused

    Deal Roundtable

    Brings together diverse perspectives and backgrounds to analyze deals from multi-disciplinary angles.

    Global Access Club

    Focuses on private US and international venture opportunities with insights from global investors.

    NextGen

    Designed for next-generation family office leaders to learn hands-on venture investing by evaluating deals together.

    Seed Club

    Provides disciplined access to early-stage deals spanning pre-seed through pre-Series A rounds.

    Interested in a venture club?

    Tell us which club interests you and we'll introduce you to Alumni Ventures.

    Important: Alumni Ventures is an independent firm. ALEX is a member and can make an introduction only. ALEX receives no compensation or any consideration from Alumni Ventures for introductions. Introductions are offered as a courtesy to our clients and investor partners. This page is not an offer to sell, or a solicitation of an offer to buy, any security, and ALEX does not offer, sell or give advice on any Alumni Ventures investment. Any investment is made directly with Alumni Ventures, under its own offering documents and eligibility requirements. Venture investing involves high risk, including loss of principal. Club names and descriptions are summaries and may change.