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Watch: ExchangeRight’s Resilient Performance in 2023


PASADENA, Calif. - ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced that despite the ongoing challenges facing the commercial real estate market, all of ExchangeRight’s offerings continued to deliver uninterrupted monthly investor distributions meeting or exceeding projections throughout 2023, extending an unbroken streak of never missing or reducing a distribution payment for any offering since ExchangeRight’s launch in 2012.

Across the company’s net lease platform, ExchangeRight has maintained 100% rent collections month after month inception-to-date. This stable track record has been supported by the financial strength of ExchangeRight’s tenants and the company’s strategic focus on primarily investment-grade and historically recession-resilient tenants operating in necessity retail and healthcare industries. Past performance does not guarantee future results.

ExchangeRight completed its 33rd full-cycle offering in 2023, representing the 21st net-leased portfolio brought full cycle as part of its aggregation strategy. Net-Leased Portfolio 22 DST, a diversified portfolio of 15 properties net-leased to historically recession-resilient tenants, was acquired by ExchangeRight’s Essential Income REIT after a five-year hold period. ExchangeRight provided investors multiple exit options at their sole discretion upon closing, with total net annual returns to investors ranging from 6.37% to 8.29%. ExchangeRight’s full-cycle offerings have provided investors with an average annual return of 8.65%.

Despite a year-over-year 52.88% decrease in real estate transactions volumes across the market, demand for ExchangeRight offerings remained strong, resulting in ExchangeRight growing its share of the 1031/DST market by over 20% in 2023 according to reports from Mountain Dell Consulting. Investors fully subscribed 12 DST offerings representing more than $432 million in additional assets under management in 2023. All ExchangeRight offerings continued to meet or exceed their projections, resulting in no losses of income or capital and complete safeguarding of investors’ hard-earned wealth. From 2018 to 2023, the company’s net-leased portfolio distributions performed with an average annual return of 6.19%.

Past performance does not guarantee future results.

Last year ExchangeRight also continued to strengthen its broker-dealer and RIA services with the promotion of Geoff Flahardy as president of the company’s Strategic Relations team, the addition of Kara Howard as director of national accounts, the appointment of Beth Veloz as senior vice president of institutional accounts, and other strategic enhancements to optimize its best-in-class services.

“Our conservative investment strategy helped us to empower investors to be secure, free, and generous in 2023,” said Warren Thomas, a managing partner at ExchangeRight. “This stable track record is a reflection of how ExchangeRight continues to put investors first by constructing portfolios with historically recession-resilient tenants and industries designed to preserve investor capital and provide enhanced returns even in the face of market turmoil and economic downturns.”

About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $5.9 billion in assets under management that are diversified across over 1,200 properties, and 24 million square feet throughout 47 states, as of February 29, 2024. 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, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. The company structures and manages 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 properties shadow-anchored by strong-performing grocery tenants on behalf of more than 8,000 investors nationwide. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.

Media Contact
Lindsey Thompson
Senior Media Relations Officer
(626) 773-3448