PASADENA, Calif. - ExchangeRight has fully subscribed its $96.85 million Net-Leased Portfolio 43 DST offering leased exclusively to tenants operating in seven essential industries serving 16 markets across the nation. The offering’s properties are net-leased to nine tenants, including Whole Foods Market, Walgreens, Lowe’s, and Tractor Supply, each of which satisfy ExchangeRight’s strict acquisition strategy focused on investment-grade-rated national companies.
All of the tenants in the offering have remained open and operating to serve the public throughout the COVID-19 pandemic. ExchangeRight carefully selected these specific tenants as they historically perform well in all economic cycles and despite market turbulence due to their focus on necessity-based retail and medical services. The 16 net-leased properties included in the portfolio are fully occupied and diversified across 13 different states.
Net-Leased Portfolio 43 DST is structured to generate stable monthly cash flow starting at 6.04% annualized. The offering launched with 10-year financing of less than 40% loan-to-offering-price, with a fixed annual interest rate of 3.25% and interest-only payments for the entire loan term.
“We are pleased to present another offering designed for capital preservation and stable monthly income that was fully subscribed at a record pace,” said Warren Thomas, a managing partner of ExchangeRight. “Like all of our past offerings, Net-Leased Portfolio 43 DST is leased to tenants that are well suited to provide 1031 exchange and cash investors with long-term reliable income whether national economic fundamentals are strong or weak, even through recessions or pandemics.”
ExchangeRight and its affiliates’ vertically integrated platform features over $3.4 billion in assets under management, diversified across more than 800 properties, over 14 million square feet, and throughout 40 states. More than 4,800 investors have trusted ExchangeRight to manage 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 in 2012.
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 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. Please visit www.exchangeright.com for more information.