PASADENA, Calif. - ExchangeRight, a vertically integrated real estate company that has met or exceeded investor cash flow targets on all of its offerings since inception, has fully subscribed its $68.15 million Net-Leased Portfolio 45 DST offering. The tenants selected for the offering meet ExchangeRight’s strict acquisition criteria focused on national companies with strong balance sheets that provide necessity-based goods and services.
The portfolio's 17 single-tenant net-leased properties are fully occupied by essential businesses, including BioLife, Fresenius Medical Care, Walgreens, and Tractor Supply. The properties are diversified over 16 markets across 10 states, including Alabama, Michigan, Ohio, and Wisconsin.
Net-Leased Portfolio 45 DST is structured to generate stable monthly cash flow to investors starting at 6.15% annualized. The offering launched on March 23 with 10-year interest-only financing with a 3.38% interest rate. The equity raise was completed on May 7.
“We are pleased to provide the market with another portfolio focused on essential businesses that is designed to protect investor capital and generate stable income, even through market volatility and economic cycles,” said Joshua Ungerecht, a managing partner of ExchangeRight. “Like all of our net lease offerings, Net-Leased Portfolio 45 DST features a strategically diversified portfolio of assets backed by national tenants with strong financials and operations.”
ExchangeRight and its affiliates’ vertically integrated platform features over $3.6 billion in assets under management, diversified across more than 825 properties, over 14 million square feet, and throughout 40 states. More than 5,200 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.
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 primarily by investment-grade corporations that successfully operate essential businesses in the necessity-based retail and healthcare industries. Please visit www.exchangeright.com for more information.