ExchangeRight Reports Historic Rent Collection of 100% from Net-Leased Assets

ExchangeRight, a sponsor of diversified real estate DST and REIT investments, reported that the company has maintained its track record of collecting 100% of rent due from its net-leased assets under management inception-to-date through July 2023, representing more than 1,200 properties diversified across 47 states and 748 markets.

The company says this extends their streak of 133 consecutive months of 100% rent collection from its net-leased properties since the company’s founding in 2012.

ExchnageRight says all 88 of their offerings continue to meet or exceed investor distribution targets. More than 94% of the company’s net-leased properties’ net operating income is generated by leases to tenants operating essential businesses, with a focus on the necessity-based retail and healthcare sectors. According to ExchangeRight, 99% of their tenants or their parent entities have “investment-grade ratings from S&P, Moody’s, or Fitch, or are private non-rated creditworthy tenants with investment-grade characteristics as evaluated by ExchangeRight.”

“Our net lease platform’s consistent track record is a testament not only to the strength of our tenants’ businesses, but also to the consistency and proactivity of our analysis and asset management teams,” said Joshua Ungerecht, a managing partner at ExchangeRight. “Our uncompromising acquisition standards and strong relationships with our tenants have both been key to enabling our portfolios to consistently meet and exceed investor distribution targets, even through major market disruptions.”

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.

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