ExchangeRight Announces Performance Update in Response to Recent Market Events
PASADENA, Calif. - ExchangeRight continues to meet its investors’ needs and expectations despite the economic downturn caused by the COVID-19 pandemic.
ExchangeRight continues to meet or exceed original return expectations.
All 50 of ExchangeRight’s current and past offerings have met or exceeded targeted cash flow distributions since the company’s inception. “Given the strength of our tenants and our particular focus on essential businesses in the necessity retail and healthcare industries, we have been able to maintain stable cash flow distributions for investors in the face of market turmoil and uncertainty,” said Warren Thomas, a managing partner of ExchangeRight.
Over 99% of ExchangeRight’s tenants are investment-grade or national credit tenants, with over 93% designated essential businesses.
Over 99% of ExchangeRight’s tenants are investment-grade or national creditworthy tenants and over 93% of the company’s tenants are essential businesses that have remained open and operating in the midst of nationwide shelter-in-place orders. A number of the company’s national corporate tenants, such as Kroger, CVS, and Dollar General, have even been hiring to meet the surge in demand for their essential goods and services.
ExchangeRight collected 100% of the rents we were due on behalf of investors in April.
100% of the cash flow to investors is distributed from the rent received from the creditworthy tenants who back ExchangeRight’s offerings’ long-term net leases. 100% of April rent was collected by ExchangeRight despite April being the height of the COVID-19 crisis and the nationwide shelter-in-place lockdown that forced many other businesses to close.
ExchangeRight continues to sell out diversified portfolios of recession-resilient assets.
ExchangeRight recently announced that it fully subscribed its $119 million Net-Leased Portfolio 32 in just two months, marking the company’s most accelerated capital raise to date. ExchangeRight continues to actively acquire long-term net-leased properties backed by investment-grade tenants operating essential businesses in the necessity retail and healthcare industries.
ExchangeRight is a vertically integrated real estate investment firm with over $2.6 billion in assets under management. ExchangeRight pursues its mission to empower people to be secure, free, and generous by providing income funds and 1031-exchangeable investment offerings that target secure capital, stable income, and strategic exits. The company strategically acquires and 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.