Skip to content
The DI Wire
Click Here to Subscribe to Our Free Daily News Updates

ExchangeRight Reports 2023 Performance

ExchangeRight Reports 2023 Performance. Alternative Investments, Advisor, Adviser, Investment, Investing, Broker, Broker-Dealer, Brokerage, Financial Advisor, Financial Services, Investment Advisor, ExchangeRight, DST, Delaware Statutory Trust, REIT, Real Estate Investment Trust, Commercial Real Estate, CRE, 1031, 1031 Exchange

ExchangeRight, a provider of Delaware statutory trust and non-traded real estate investment trust investment offerings, announced that all ExchangeRight offerings delivered uninterrupted monthly investor distributions meeting or exceeding projections throughout 2023. According to the firm, this extends a streak of never missing or reducing distribution payments for any offering since ExchangeRight's launch in 2012.

ExchangeRight also reported that, across the company's net lease platform, it has maintained 100% rent collections month-after-month, inception-to-date.

ExchangeRight went on to state that it completed its 33rd full-cycle offering in 2023. Net- Leased Portfolio 22 DST, a diversified portfolio of 15 net-leased properties, was acquired by ExchangeRight's Essential Income REIT after a five-year hold. ExchangeRight provided investors multiple exit options at their sole discretion upon closing, with total net annual returns to investors ranging from 6.37% to 8.29%.

The company also said that its share of the 1031/DST market grew by over 20% in 2023, according to reports from Mountain Dell Consulting. Investors subscribed 12 DST offerings representing more than $432 million in additional assets under management in 2023. From 2018 to 2023, the company's net-leased portfolio distributions generated an average annual return of 6.19%.

“Our conservative investment strategy helped us to empower investors to be secure, free, and generous in 2023,” said Warren Thomas, a managing partner at ExchangeRight. “This stable track record is a reflection of how ExchangeRight continues to put investors first by constructing portfolios with historically recession-resilient tenants and industries designed to preserve investor capital and provide enhanced returns even in the face of market turmoil and economic downturns.”

ExchangeRight reports that the company and its affiliates’ platform has more than $5.9 billion in assets under management that are diversified across more than 1,200 properties and over 24 million square feet across 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.