Investors Seeking Net Lease Stability Fully Subscribe ExchangeRight’s Latest DST Offering

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ExchangeRight has fully subscribed its $58.85 million Net-Leased Portfolio 47 DST offering, which is designed to preserve investor capital, generate stable income, and provide access to ExchangeRight's aggregated exit strategy.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, August 19, 2021
Information
Tags: 
Professional Services, Discount, Variety, Supermarket, Convenience Store, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Retail, REIT, Finance, Home Goods, Giant, Fresenius Medical Care, Walmart, Acquisition, Verizon (mobile network), NAPA Auto Parts, Truist Financial, Health, Multimedia, Giant Eagle, REIT, Kroger, Income, BB, DST, Self storage
Geotags: 
United States, California, IDAHO, TENNESSEE, TEXAS
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EXCHANGERIGHT
Summary
Key Points: 
  • ExchangeRight has fully subscribed its $58.85 million Net-Leased Portfolio 47 DST offering, which is designed to preserve investor capital, generate stable income, and provide access to ExchangeRight's aggregated exit strategy.
  • The tenants selected for the offering satisfy the companys disciplined acquisition criteria, which target net-leased properties backed primarily by investment-grade tenants operating essential businesses.
  • Net-Leased Portfolio 47 DST is structured to generate stable monthly cash flow to investors, starting at an annualized rate of 6.10%.
  • All of the companys current and past offerings have met or exceeded targeted cash flow distributions to investors since the companys founding.


ExchangeRight has fully subscribed its $58.85 million Net-Leased Portfolio 47 DST offering, which is designed to preserve investor capital, generate stable income, and provide access to ExchangeRight's aggregated exit strategy. The tenants selected for the offering satisfy the company’s disciplined acquisition criteria, which target net-leased properties backed primarily by investment-grade tenants operating essential businesses. The company focuses on portfolios with tenants that provide goods and services in necessity-based retail and healthcare, in order to serve investor needs over the long-term, even through economic cycles.

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Tenants of ExchangeRight's Fully Subscribed $58.85 Million Net-Leased Portfolio 47 DST Offering (Photo: Business Wire)

Tenants of ExchangeRight's Fully Subscribed $58.85 Million Net-Leased Portfolio 47 DST Offering (Photo: Business Wire)

The portfolio’s 12 single-tenant net-leased properties are fully occupied by Kroger, Giant Eagle, Walmart, Dollar Tree, Walgreens, Fresenius Medical Care, Dollar General, Verizon Wireless, BB&T Bank, and NAPA Auto Parts. The properties are diversified across nine states, including California, Tennessee, Texas, and Idaho.

Net-Leased Portfolio 47 DST is structured to generate stable monthly cash flow to investors, starting at an annualized rate of 6.10%. The offering launched on June 4 with 10-year fixed-rate interest-only financing at a 2.90% interest rate, was substantially completed in July, and had the last investor closing as of August 13, 2021.

ExchangeRight and its affiliates’ vertically integrated platform features over $3.8 billion in assets under management, diversified across more than 900 properties, over 15 million square feet, and throughout 40 states. More than 5,600 investors have trusted ExchangeRight to steward their capital. All of the company’s current and past offerings have met or exceeded targeted cash flow distributions to investors since the company’s founding.

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 strategically syndicates net-leased portfolios of assets backed primarily by investment-grade corporations that successfully operate in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail spaces shadow-anchored by strong-performing grocery tenants. Please visit www.exchangeright.com for more information.

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