Le Lézard
Classified in: Covid-19 virus
Subjects: Photo/Multimedia, Funding

ExchangeRight Fully Subscribes $97.43 Million DST Offering Net-Leased To Essential Businesses


ExchangeRight has fully subscribed its $97.43 million Net-Leased Portfolio 39 DST offering designed to generate stable cash flows to investors, starting at 6.21% annualized. The portfolio's assets are leased exclusively to national investment-grade tenants operating essential businesses, including Kroger, Walgreens, Dollar General, BioLife, Giant Eagle, Dollar Tree, and Tractor Supply.

Net-Leased Portfolio 39's portfolio is diversified over 18 single-tenant net-leased properties located in 10 different states. The properties' net leases are backed by companies providing necessity retail and healthcare services that have remained open and operating throughout the COVID-19 crisis. The offering launched with 10-year financing with a fixed annual interest rate of 4.02%.

"We are pleased to add Net-Leased Portfolio 39 to our growing number of DST offerings, every one of which has met or exceeded targeted cash flow distributions to investors from inception to date, even through the height of the COVID crisis," said Warren Thomas, a managing partner of ExchangeRight. "As with each of our DST offerings, our exit strategy is structured to provide investors with flexible exit options once it is taken full cycle, allowing each investor to perform another 1031 exchange, cash out, or complete a tax-deferred 721 exchange into a REIT."

ExchangeRight and its affiliates' vertically integrated platform has over $2.9 billion in assets under management, diversified across more than 700 properties of over 13 million square feet located throughout 38 different states. More than 3,800 investors have trusted ExchangeRight to manage their capital. All 56 of the company's current and past offerings have met or exceeded targeted cash flow distributions to investors since the company's founding in 2012.

About ExchangeRight

ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios that target secure capital, stable income, and strategic exits. The company sources, syndicates, and strategically manages long-term, net-leased assets backed by investment-grade corporations that operate essential businesses successfully in the necessity-based retail and healthcare industries. For more information, visit www.exchangeright.com.


These press releases may also interest you

at 18:00
Quanta X Technology, the parent company of QuantaDose, CEO Katie Webb suggests, "Anyone in Santa's shoes gifting a UVC device to a friend or family member needs to make sure the UV-C device is real, and they also need to understand the potential...

at 17:00
63% response rate in patients treated with the highest reported dose Among all patients responding to treatment, 95% experienced a very good partial response or better; among responding patients with ?6 months of follow-up, 83% have ongoing responses...

at 15:05
ImmunoGen Inc. , a leader in the expanding field of antibody-drug conjugates (ADCs) for the treatment of cancer, today announced that new safety and efficacy findings from the expansion phase of the Phase 1/2 study of IMGN632 in patients with...

at 15:00
Amgen today announced the first presentation of clinical safety and efficacy data from the Phase 1 study of AMG 701 in heavily pre-treated patients with relapsed/refractory multiple myeloma (R/R MM). AMG 701 is an investigational half-life extended...

at 14:09
The Correctional Service of Canada (CSC) has over 4500 volunteers who dedicate their time and energy to work with and support the offenders in our care and custody. As we mark International Volunteer Day, CSC would like to take this opportunity to...

at 12:46
Three studies being presented during the 62nd American Society of Hematology (ASH) Annual Meeting and Exposition report promising results in the use of cutting-edge genome editing and cellular therapies for hard-to-treat blood disorders and cancers....



News published on 29 october 2020 at 09:10 and distributed by: