Sponsored: ExchangeRight Becomes the Nation’s Second Largest 1031 Sponsor
ExchangeRight is now the nation’s second largest sponsor of securitized 1031-exchangeable real estate investments, according to a report from Mountain Dell Consulting for the year-to-date period ending June 30, 2019.
ExchangeRight is now the nation’s second largest sponsor of securitized 1031-exchangeable real estate investments, according to a report from Mountain Dell Consulting for the year-to-date period ending June 30, 2019.
ExchangeRight has acquired over $340 million of assets on behalf of investors for the year-to-date period ending July 31, and stewards over $2.1 billion in total assets under management together with its affiliates. The company syndicates aggregated offerings for 1031 and cash investors, consisting of long-term, net-leased properties backed by companies with investment-grade metrics that operate in necessity-based retail and healthcare industries.
“We are thrilled by this milestone. Just over seven years ago, ExchangeRight brought out its very first offering, and now we stand in second place in our industry,” said Warren Thomas, one of ExchangeRight’s managing members. “We continue to grow at an impressive pace. Our 2018 sales grew 35.1% year-over-year and our production for 2019 is on pace to grow at a similar rate.”
“We remain committed to empowering people to be secure, free, and generous, and will continue to focus on placing investors’ needs and capital preservation first,” said Joshua Ungerecht, one of ExchangeRight’s managing members. “We will continue to align our interests with our investors by investing alongside them into recession-resilient opportunities.”
ExchangeRight and its affiliates’ platform is now diversified across more than 600 properties of over 14 million square feet, diversified across 38 different states. More than 2,500 investors have trusted ExchangeRight to manage their capital, and all of the company’s offerings have met or exceeded targeted investor cash flow distributions for 86 consecutive months since the company’s inception.
About ExchangeRight Real Estate, LLC
ExchangeRight is a privately held firm based in Pasadena, California; together with its affiliates, it has over $2.1 billion in assets under management. ExchangeRight pursues its mission to empower people to be secure, free, and generous by providing 1031-exchangeable investment offerings that target secure capital, stable income, and strategic exits. The company is known for consistently delivering broadly diversified 1031-exchangeable portfolios of long-term, net-leased assets backed by investment-grade corporations that operate successfully in the necessity-based retail and healthcare industries, and Class B/B+ value-added multifamily offerings. For more information, visit www.exchangeright.com.
ExchangeRight is a sponsor of The DI Wire, and the article was published as part of their standard directory sponsorship package.
For more ExchangeRight news, please visit their directory page.
