PASADENA, Calif. - ExchangeRight, one of the nation’s leaders in diversified real estate investments and strategies, announced that it has completed its 24th full-cycle event with the $34 million sale of its Net-Leased Portfolio 6 DST to a net-leased REIT, providing investors with total return on sale including cash flow ranging from 160.02 to 163.62 percent while maintaining uninterrupted monthly distributions and meeting cash flow projections.
This offering featured a diversified portfolio of properties with long-term net leases to Dollar General, CVS Pharmacy, Family Dollar, AutoZone, Dollar Tree, Advance Auto Parts and Tractor Supply. The acquired properties cover 159,366 square feet of commercial space and span eight states.
ExchangeRight provided investors in the portfolio the option to perform another 1031 exchange, receive cash, complete a tax-deferred 721 exchange, or a combination of these options. For investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, the total return on sale including cash flow was equivalent to 163.62 percent of initial capital investment based in part on an independent real estate valuation from KPMG of the acquiring portfolio as of December 31, 2021. For investors who chose to cash out or complete a 1031 exchange with their proceeds, the Net-Leased Portfolio 6 DST total return on sale including cash flow was approximately 160.02 percent of initial capital investment.
“Our strategy of targeting secure capital, stable income and strategic exits by creating diversified portfolios with long-term net leases to recession-resilient tenants continues to be successful,” said Warren Thomas, a managing partner of ExchangeRight. “By providing monthly distributions that meet or exceed projections, we empower investors with cash flows that are among the highest in the industry while upholding our commitment to provide enhanced returns, liquidity and optionality. We look forward to continuing a healthy pace of acquisitions and aggregation of assets under management to expand our platform and optimize value for the investors who entrust us to faithfully steward their wealth.”
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.