ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, has announced the completion of its Net-Leased Preferred Equity Fund 3 (“NLPEF 3”).
The company says the fund consistently generated 8.25% to 9.75% annualized returns to investors throughout the offering’s six-year lifespan.
The liquidation of NLPEF 3 is the 32nd full-cycle event ExchangeRight completed on behalf of investors out of 87 sponsored offerings. ExchangeRight says the company’s full-cycle offerings have protected and returned 100% of investor capital and produced average annual returns on investment to investors ranging from 6.54% to 17.91%.
The company reports that NLPEF 3 achieved its objectives of providing capital preservation, periodic liquidity and consistent quarterly preferred income sourced primarily from the assets that ExchangeRight and its affiliates acquire, manage, and syndicate on behalf of investors.
“Our investors need income they can depend on, and we’re proud to have produced another offering that faithfully provided strong and consistent regular returns,” said Warren Thomas, a managing partner at ExchangeRight. “The fund also provided investors with capital preservation and periodic liquidity as needed along the way, supported by the properties that ExchangeRight syndicates on an ongoing basis, which predominantly have long-term net leases backed primarily by investment-grade companies operating essential businesses in recession-resilient industries. We are truly grateful for the investors who entrust us to steward their capital, and we look forward to completing more successful full-cycle events on their behalf.”
ExchangeRight and its affiliates’ platform has more than $5.6 billion in assets under management that are diversified across more than 1,200 properties and over 22 million square feet throughout 47 states. The company invests in net-leased properties in the necessity-based retail and healthcare industries, as well as value-add inline and outparcel retail spaces shadow-anchored by grocery tenants.