Four Springs TEN31 Xchange LLC, a sponsor of Delaware statutory trust programs, has achieved 100 percent of rent collections in its portfolio of DST holdings throughout the COVID-19 pandemic.
There are 18 properties in the DST portfolio valued at approximately $175 million, diversified by industrial, medical and select retail properties.
“At the onset of COVID-19 and through the duration of the pandemic and its resulting economic impact, we maintained proactive asset management to ensure the stability of our portfolio,” said Cindy Daly, senior vice president and head of asset management at Four Springs Capital Trust. “We’re very proud of our team’s performance during this historic downturn, from the initial underwriting of each property to the successful management of our portfolio of properties.”
FSXchange’s DST programs are designed for investors participating in Section 1031 tax deferred real estate exchanges. The company focuses its offerings on single tenant net-leased industrial, medical and select necessity retail properties. The company is a subsidiary of Four Springs Capital Trust, a Regulation D net lease real estate investment trust.
“Investors are recognizing the value of institutional quality properties with long-term net leases to creditworthy tenants,” said Eric Paul, president of Four Springs Capital Markets. “We see strong prospects for continued growth in the net lease sector throughout 2021 and beyond.”
Four Springs Capital Markets is a financial services firm that focuses on raising capital for real estate and other alternative investments. Since 2009, the company has raised capital from financial intermediaries, high net worth individuals, family offices and institutional investors for a range of 1031 programs, private placements and REIT equity and debt investments.