Pasadena, CA - ExchangeRight, the third largest sponsor of privately held 1031-exchangeable real estate investments in the United States by volume, announced today that it surpassed $2 billion of assets under management together with its affiliates as of the end of Q1 and is on pace to add a total of $650 million in new assets under management by year end.
“We have experienced consistent and growing demand for our investment offerings, year after year, allowing us to surpass $2 billion in assets under management in fewer than seven years ,” said Managing Member Warren Thomas. “We deeply appreciate the stewardship that investors and their advisors have entrusted to us, and do not take it for granted. We take seriously our responsibility to protect the capital, incomes, and total returns of our investors so that they can be secure, free, and generous.”
Since its founding in 2012, ExchangeRight has consistently grown the amount of wealth it stewards on behalf of investors. Investors allocated $221.8 million in cash and 1031 exchange equity to ExchangeRight in 2018, resulting in over $480.9 million in new assets under management and representing over 37% year-over-year growth from $350.8 million of new assets under management added in 2017. ExchangeRight’s platform is now diversified across more than 500 properties of 13 million square feet located throughout 38 different states.
Managing Member Joshua Ungerecht said, “Though we are very excited to have recently exceeded $2 billion in assets under management, we are more proud of the fact that every single ExchangeRight offering has consistently met or exceeded targeted investor cash flow distributions for the more than 2,200 investors who have trusted us to manage their capital.”
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. Over 99% of the company’s combined net-leased portfolio is leased to tenants that are investment-grade, or exhibit investment-grade metrics and track records demonstrating recession resilience as a result of success in the necessity retail or healthcare industries. ExchangeRight intends to provide investors with enhanced liquidity and returns through a strategic exit that combines multiple portfolios under management to execute an aggregated sale, merger, listing, or initial public offering on behalf of investors.
About ExchangeRight Real Estate, LLC
ExchangeRight is a privately held firm based in Pasadena, California, known for consistently delivering diversified 1031-exchangeable portfolios of long-term, net-leased assets backed by investment-grade corporations in the necessity-based retail and healthcare industries, and Class B/B+ value-added multifamily offerings. ExchangeRight’s philosophy combines careful acquisitions, conservative underwriting, broad diversification, dedicated asset management, and strategic exit planning. For more information, please visit: www.exchangeright.com.