REALX® LAUNCHES WITH IMMEDIATE TRACTION

 

 

PITTSBURGH, PA - RealX Ventures, Inc. has launched RealX – an online property market platform for buying, leasing, and selling property rights. RealX is aggregating and digitizing the largest database of available property rights in the United States, and while initially focused on mineral rights, the platform is expanding into other surface rights for solar, timber, water, and more.

The current acreage on the exchange comes from exploration and production companies, mineral investors, and individual landowners/corporations.

“We couldn’t be more excited to launch with over 6 million gross mineral acres,” said Justin Byers, President of RealX . “Our partners recognize the value of broad exposure and finding the right buyer at the right time with the least amount of friction. Our mission is to unlock the value of every property.”

From a buyer’s perspective, RealX offers an easy-to-use, map-based interface to quickly find available acreage that allows them to improve their current positions or enter a new area quickly.

Billy McCartney, CEO of Flat Rock Energy added, “We are constantly working to optimize our checkerboard map and fill in any white space we can. RealX is the first tool that allows us to identify available tracts, research all the information, and make offers directly to sellers in just a few minutes. Additionally, RealX proposes swap deals when it sees parties have acreage that can be traded to optimize positions. Truly revolutionary.”

The power of RealX is built on the digitization of the content and technology that allows the entire process to occur virtually. Negotiations happen directly through the exchange; all documents are signed electronically; and closings/title are managed by RealX.

RealX has built a broad exchange that covers a variety of property rights and deal types. One can focus their search to acquire minerals, lease mineral rights, acquire existing leases, or even acquire existing royalty streams.

“RealX truly provides a one-stop-shop to quickly identify what you are looking for and provides a robust exchange to make offers directly to the property right holder,” explained Luke Glass, CEO of RealX. “We look forward to providing the industry’s first exchange to lessen the friction of selling, buying and leasing property rights.”

About RealX Ventures, Inc. (RealX). RealX is an exchange focused on changing the way property rights are bought, sold, and leased in the United States - leveraging the inevitable trends of digitization, globalization and virtualization across all marketplaces. This includes property rights associated with energy companies (solar/oil & gas/minerals/wind) as well as timber, air rights, surface (pipelines/cellular tower), water and many others.

RealX’s mission is to unlock the value of every property by facilitating an exchange to transfer of property rights so that each party can maximize the return on their investment – whether it be the landowner receiving funds in exchange for use of their property, or the acquiring corporation harnessing the value of the land. More information can be found at www.realx.io.