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ExchangeRight Fully Subscribes $99.95 Million Net-Leased DST Offering

February 6, 2020 GMT
ExchangeRight Fully Subscribes $99.95 Million Net-Leased DST Offering
ExchangeRight Fully Subscribes $99.95 Million Net-Leased DST Offering

PASADENA, Calif.--(BUSINESS WIRE)--Feb 6, 2020--

ExchangeRight has fully subscribed its $99.95 million Net-Leased Portfolio 26 DST offering, following a record-breaking year of sales in 2019, representing 48% year-over-year growth. The portfolio is invested in nationally diversified properties with long-term net leases to investment-grade tenants operating successfully in the necessity retail and healthcare industries. Tenants of the portfolios include CVS, Dollar General, Pick ’n Save (Kroger guaranty), AutoZone, HyVee Grocery, and Tractor Supply.

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ExchangeRight’s Net-Leased Portfolio 26 DST Offering (Photo: Business Wire)

Net-Leased Portfolio 26 launched in March 2019 and closed with 10-year, interest-only, non-recourse financing with a stated annual rate of 4.58% and a weighted-average lease term of 14.3 years. This offering was 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.

“We are pleased with the successful capital raise on Net-Leased Portfolio 26, which was created to provide 1031 and cash investors with stable cash flow and capital preservation designed to endure market volatility,” said Warren Thomas, a managing member of ExchangeRight. “We are honored to have had the privilege of stewarding an additional $325.4 million of DST equity investments on behalf of our investors and their advisors in 2019, and we continue to experience incredible demand for our DST investments following an incredible year of growth.”

ExchangeRight and its affiliates’ platform is 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. All of the company’s current and past offerings have met or exceeded targeted cash flow distributions to investors for 91 consecutive months to date.

About ExchangeRight Real Estate, LLC

ExchangeRight is a vertically 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005918/en/

CONTACT: Lindsey Thompson

lthompson@exchangeright.com

(855) 317-4448

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: ExchangeRight Real Estate, LLC

Copyright Business Wire 2020.

PUB: 02/06/2020 03:35 PM/DISC: 02/06/2020 03:35 PM

http://www.businesswire.com/news/home/20200206005918/en