In commercial real estate, alpha is in the sourcing.

OffMarketX is an event-driven origination desk for commercial real estate special situations. The system reads the public record at scale, identifies assets at the point a capital event forces a decision, and structures the entry for aligned institutional capital.

I own the asset · Lenders, servicers & fiduciaries · Capital — by introduction

NDA governed · Principal to principal · Vetted capital only · Compensated on transactions only

The thesis

Every function in commercial real estate has been industrialized except the one where returns are made: finding the deal.

The information that moves assets into play is public. It is simply too vast for any team to read.

We built the system that reads it — and aligned the capital ready to act on what it finds.

The desk

Detect

The public record, read at machine scale.

Resolve

The party with authority to transact, identified before the first conversation.

Structure

The entry the situation actually supports.

Execute

Aligned capital. Compensated on completion.

The search space

Twenty catalyst classes. Fifteen asset types. Every cell computed from the public record.

Catalyst classes

Receiver appointment
Chapter 11, asset-level
Chapter 11, sponsor-level
Dissolution and liquidation proxies
Foreclosure filing
Lis pendens
Notice of default
Maturity default
Loan modification and extension
Special servicing transfer
Watchlist transfer
Risk-rating downgrade
Nonaccrual position
Mezzanine default and foreclosure
Deed-in-lieu
REIT wind-down and non-core disposition
Partnership and GP/LP dispute
Estate and probate transition
Ground-lease reset
Tax delinquency

Asset types

Hospitality
Multifamily
Industrial
Office
Retail
Mixed-use
Life sciences
Senior housing
Student housing
Self-storage
Data centers
Land
Condo inventory
Whole loans
Mezzanine positions

Where we work

Most commercial real estate distress never reaches an institutional process. It is fragmented, quiet, and structurally difficult for institutional capital to reach. The system is built for exactly that terrain — at a scale no team of analysts can read.

The edge

Data vendors stop at the signal. Brokers start at the listing. We work in between.

Seen first

Identification at the moment of filing, while the disposition path is still being determined.

Named

Direct authority resolution: the specific person or desk with the power to transact.

Funded

The counterparty on the other side is already vetted, structured, and matched.

For counterparties, this means a qualified principal at the table early — capital confirmed, criteria defined, prepared to lead a process or move within one.

How we work

We serve a limited number of institutional mandates. We are compensated when transactions complete.