PASADENA, Calif. - ExchangeRight has fully subscribed its Net-Leased Portfolio 35 DST, an offering that is designed to generate stable income and protect investor capital with its diversified portfolio of net-leased assets backed by national corporations that successfully operate essential businesses in the necessity-based retail and healthcare industries.
Net-Leased Portfolio 35 is invested in single-tenant properties diversified across Illinois, Iowa, Missouri, and South Dakota. The offering launched with 10-year fixed-rate financing with an annual interest rate of 3.93% and a weighted-average lease term of 11.6 years.
“The tenants that we focus on across our 1031-eligible DST and income fund platforms operate essential businesses that have remained open and profitable throughout the year despite the economic turmoil that has impacted so many,” said Warren Thomas, a managing partner of ExchangeRight. “These creditworthy tenants have allowed us to protect investors’ capital and generate steady distributable income even through times of economic volatility. Net-Leased Portfolio 35 follows our investing strategy of focusing on essential businesses, recession-resilient industries, and investment-grade or national credit tenants.”
The portfolio is designed for investors seeking to participate in a 1031 tax-deferred exchange as well as investors seeking diversified portfolios of net-leased real estate on a cash basis. Net-Leased Portfolio 35’s current cash flow to investors is 6.01% with annual targeted increases due to contractual rent increases included in the portfolio’s leases.
ExchangeRight and its affiliates’ vertically integrated platform is diversified across more than 700 properties of over 14 million square feet located throughout 38 different states. More than 3,500 investors have trusted ExchangeRight to manage their capital. All 56 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 is a vertically integrated real estate investment firm with over $2.8 billion in assets under management together with its affiliates. 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.