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ExchangeRight Reports New Capital Raise Record in 2021

ExchangeRight, a sponsor of securitized 1031 exchanges and other investment offerings, reported a record $673 million raised in 2021.

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ExchangeRight, a sponsor of securitized 1031 exchanges and other investment offerings, reported a record $673 million raised in 2021 through its Delaware statutory trust, preferred equity, and real estate investment trust offerings, representing a 27 percent increase from 2020.

ExchangeRight said that over the past five years, its net-leased DST offerings produced average annual investor distributions of 6.70 percent and exceeded projections during that time frame.

According to the company, it maintained its track record of providing uninterrupted monthly distributions that have either met or outperformed original projections for all 72 current and past offerings. The firm collected 100 percent of scheduled rent in 2021 across more than 1,000 properties.

ExchangeRight also reported six full-cycle events during the year, which each outperformed original projections, and had average annualized returns of 8.69 percent. Investors fully subscribed nine DST offerings in 2021, with portfolios ranging in size from $23 million to more than $126 million.

“We are immensely proud of what we accomplished last year and that our investment strategy successfully protected investor capital and provided stable and secure cash flow…,” said Warren Thomas, a managing partner of ExchangeRight. “We are happy to be a leading wealth and tax-deferral solution sponsor in the market, currently stewarding the wealth of over 6,300 investors.”

ExchangeRight purchased 244 properties during the year and developed its acquisition targets to include retail spaces shadow-anchored by net-leased tenants. “This allowed ExchangeRight to launch its value-add platform, with a focus on creating value for investors through leasing initiatives and active property management,” the company said.

ExchangeRight invests in properties leased to providers of necessity-based retail and medical services, as well as inline and outparcel retail spaces shadow-anchored by grocery tenants. The company and its affiliates’ platform has more than $4.6 billion in assets under management across more than 1,000 properties, totaling approximately 18 million square feet throughout 44 states.

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