ExchangeRight Fully Subscribes $113.34 Million Net-Leased DST Offering
February 26, 2020
PASADENA, Calif. – ExchangeRight has fully subscribed its $113.34 million Net-Leased Portfolio 30 DST offering. The nationally diversified portfolio is invested in properties with long-term net leases to investment-grade quality tenants operating successfully in the necessity retail and healthcare industries. Certain tenants of the portfolio include Giant Eagle Grocery, Dollar General, Fresenius Medical Care, and Tractor Supply Company.
Net-Leased Portfolio 30 is 100% occupied by 21 single-tenant properties diversified across seven states, including Illinois, Michigan, and Texas. The offering launched in October 2019 and closed with 10-year interest-only, non-recourse financing with a stated annual rate of 3.66% and a weighted-average lease term of 11.9 years. The portfolio is designed for investors seeking to participate in a 1031 tax-deferred exchange, as well as investors seeking diversified portfolios of net-leased real estate investment on a cash basis. ExchangeRight’s current cash flow to investors is 6.80% with annual targeted increases given the portfolio’s leases that have contractual rent increases.
“We are grateful that investors and their advisors and representatives continue to choose us to manage their capital through our net-leased DSTs,” said Warren Thomas, one of ExchangeRight’s managing members. “We believe this is a testament to the consistency of our product, track record, and investor-centric approach. We are proud to have developed an offering whose primary purpose is to provide investors stable cash flow by being strategically diversified by seven financially strong tenants, twenty markets, and five recession-resilient industries.”
ExchangeRight is a fully integrated real estate investment firm diversified across more than 650 properties of over 13 million square feet located throughout 38 different states. More than 3,000 investors have trusted ExchangeRight to manage their capital. In 2019, investors entrusted ExchangeRight and its sister company, Telos Capital, to manage an additional $428 million in equity, representing 53% year-over-year growth. All of the company’s current and past offerings have met or exceeded targeted cash flow distributions to investors for 92 consecutive months to date.
About ExchangeRight Real Estate, LLC
ExchangeRight is a fully integrated real estate investment firm with over $2.4 billion in assets under management. ExchangeRight pursues its mission to empower people to be secure, free, and generous by providing REIT and 1031-exchangeable investment offerings that target secure capital, stable income, and strategic exits. The company strategically acquires and manages long-term, net-leased assets backed by investment-grade corporations that operate successfully in the necessity-based retail and healthcare industries. For more information, visit www.exchangeright.com.
