ExchangeRight Fully Subscribes a $109 Million Offering Designed for Economic Resilience

ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced the company fully subscribed its Net-Leased Portfolio 61 DST, a $109.37 million offering totaling 377,666 square feet net-leased to grocery, pharmacy, medical, and other necessity-based national tenants operating essential businesses. The portfolio has been structured to provide investors with monthly distributions starting at an annualized rate of 5.00%.

The offering contains 16 properties in 16 markets diversified across 11 states and 12 historically recession-resilient tenants, including CVS Pharmacy, Dollar General Market, Giant Eagle, Giant Food, Metro Market, Tractor Supply, and UnityPoint Health. The portfolio was launched with a weighted-average lease term of 8.6 years and a 42.86% loan-to-value utilizing 5-year non-recourse interest-only financing.

“Given where we are in the macroeconomic cycle, Net-Leased Portfolio 61 DST reflects our focus on protecting investor wealth and income with our historically recession-resilient investment strategy,” said Joshua Ungerecht, a managing partner at ExchangeRight. “With each offering we bring to market, we remain committed to faithfully stewarding investors’ hard-earned wealth through challenging economic conditions and providing them with multiple options upon exit as a part of our aggregation strategy.”

(This news/press release has not been altered by, apart from the headline, and has been obtained from a syndicated source.:-