Home Alts News ExchangeRight Takes DST Offering Full-Cycle, Achieves 145.82% to 150.87% Total Returns

ExchangeRight Takes DST Offering Full-Cycle, Achieves 145.82% to 150.87% Total Returns

ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, has brought its $46.84 million Net-Leased Portfolio 11 DST full cycle on behalf of its investors by selling it to a real estate investment trust.

image_pdf

ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, has brought its $46.84 million Net-Leased Portfolio 11 DST offering full-cycle on behalf of its investors by selling it to a real estate investment trust. The offering provided investors with total annual returns ranging from 6.81% to 7.63%, maintained uninterrupted monthly distributions throughout the hold period, and provided investors with multiple options at exit.

The portfolio consisted of 17 net-leased properties which are diversified across 204,479 square feet, nine states, and eight national investment-grade and otherwise creditworthy tenants operating in necessity-based and discount industries including Advance Auto Parts, CVS Pharmacy, Dollar General, NAPA Auto Parts, Family Dollar, Walgreens, Hobby Lobby and Sherwin-Williams.

Upon sale, ExchangeRight provided investors the option to complete a tax-deferred 721 exchange, perform a 1031 exchange, receive cash or a combination of these options. Investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, the total return on sale, including cash flow to investors, was equivalent to 145.96% to 150.87% 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 11 DST total return on sale including cash flow was 145.82% to 149.90% of initial capital investment.

“We’re honored to have served investors through another stable offering,” said Warren Thomas, a managing partner at ExchangeRight. “Every one of our portfolios is structured to provide uninterrupted cash flow for those who trust us with their wealth, and we’re proud to have successfully brought another recession-resilient portfolio to its completion.”

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.

For more ExchangeRight news, please visit their directory page.