Home Alts News ExchangeRight DST Reaches 129.54% to 137.89% Total Returns

ExchangeRight DST Reaches 129.54% to 137.89% Total Returns

ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, brought its $69.6 million Net-Leased Portfolio 21 DST full-cycle.

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ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, brought its $69.6 million Net-Leased Portfolio 21 DST full-cycle on behalf of its investors by selling it to an affiliated private real estate investment trust.

The offering provided investors with total annual returns ranging from 6.68% to 8.88%.

The portfolio consisted of 20 net-leased properties diversified across 264,394 square feet, 10 states and eight national tenants. Featured tenants operate in “necessity-based” industries and include Fresenius Medical Care, O’Reilly Auto Parts, Tractor Supply and Walgreens.

Upon sale, ExchangeRight provided portfolio investors the option to complete a tax-deferred 721 exchange, perform a 1031 exchange, receive cash or a combination of these options. For investors who chose to complete a tax-deferred 721 exchange into the acquiring affiliated private REIT, the total return on sale including cash flow to investors was equivalent to 129.68% to 137.83% of initial capital investment based on the current value of the REIT shares provided as a part of the transaction. For investors who chose to cash out or complete a 1031 exchange, the Net-Leased Portfolio 21 DST total return on sale including cash flow was 129.54% to 137.89% of initial capital investment.

“We’re proud to complete another successful full-cycle event that protected investor capital, delivered uninterrupted distributions through the pandemic, and that provided multiple exit options at each investor’s discretion,” said Joshua Ungerecht, a managing partner at ExchangeRight. “By producing and managing diversified offerings focused on investment-grade credit tenants operating essential businesses, we have been able to provide investors with stable distributions, tax deferral, and capital preservation without exception and regardless of economic crises or recessions.”

ExchangeRight and its affiliates’ platform has more than $5.3 billion in assets under management that are diversified across more than 1,100 properties and over 21 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.

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