ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced the successful completion of its Net-Leased Preferred Equity Fund 3 (“NLPEF 3”), a fund that consistently generated 8.25%–9.75% annualized returns to investors throughout the offering’s six-year lifespan. The liquidation of NLPEF 3 marked the 32nd successful full-cycle event ExchangeRight has executed on behalf of investors out of a total 87 offerings created. The company’s full-cycle offerings have met or exceeded projections, protected and returned 100% of investor capital, and produced average annual returns on investment to investors ranging from 6.54% to 17.91%.
NLPEF 3 achieved its objectives of providing capital preservation, periodic liquidity, and consistent quarterly preferred income sourced primarily from the assets that ExchangeRight and its affiliates acquire, manage, and syndicate on behalf of investors.
Warren Thomas, a managing partner at ExchangeRight, explained that, like all ExchangeRight’s offerings to date, NLPEF 3 empowered investors to be secure, free, and generous, with capital preservation and stable income throughout the COVID crisis, economic lockdowns, a recession, heightened inflation, and recent market turmoil.
“Our investors need income they can depend on, and we’re proud to have produced another offering that faithfully provided strong and consistent regular returns,” said Thomas. “The fund also provided investors with capital preservation and periodic liquidity as needed along the way, supported by the properties that ExchangeRight syndicates on an ongoing basis, which predominantly have long-term net leases backed primarily by investment-grade companies operating essential businesses in recession-resilient industries. We are truly grateful for the investors who entrust us to steward their capital, and we look forward to completing more successful full-cycle events on their behalf.”
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