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ExchangeRight Fully Subscribes $126 Million DST Offering

ExchangeRight Fully Subscribes $126 Million DST Offering. 1031 Exchange, alternative investments, Delaware statutory trust, DST, ExchangeRight, ExchangeRight Essential Income REIT, ExchangeRight Real Estate, retail
ExchangeRight Fully Subscribes $126 Million DST Offering. 1031 Exchange, alternative investments, Delaware statutory trust, DST, ExchangeRight, ExchangeRight Essential Income REIT, ExchangeRight Real Estate, retail

ExchangeRight, a sponsor of Delaware statutory trusts and real estate investment trust investments, announced that the company has fully subscribed Net-Leased Portfolio 63 DST, a $125.8 million offering.

The portfolio includes 510,625 square feet of grocery, healthcare, and “necessity-based” retail tenants.

The offering is structured to provide monthly distributions with a current annualized rate of 5.00%.

The DST was launched with 40.29% loan-to-value and non-recourse interest-only financing at a fixed rate of 5.672% over a five-year term. The offering contains 15 properties in 15 markets diversified across 13 states and nine historically recession-resilient tenants, including FedEx, Tops Friendly Markets, Dollar General, Tractor Supply and BioLife.

“We’re proud to offer investors another portfolio designed to provide consistent income and strategic exit options, even through economic volatility,” said Warren Thomas, a managing partner at ExchangeRight. “Investors continue to invest with ExchangeRight to access stable cash flows from the historically strong performance of our necessity-based tenants and platform. We are honored to have the opportunity to serve the investors who entrust us with their wealth as well as the representatives and advisors who have partnered with us to deliver capital preservation, stable returns, and strategic exits for their clients.”

ExchangeRight reports that the company and its affiliates’ platform has more than $5.7 billion in assets under management that are diversified across more than 1,200 properties and over 23 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.

For more ExchangeRight news, please visit their directory page.