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ExchangeRight Takes Another Net-Leased Portfolio Full Cycle
Pasadena-based ExchangeRight brought its Net-Leased Portfolio 13 DST portfolio full cycle, generating total returns of over 130% including return of capital for investors who chose to cash out or complete a 1031 exchange. Total returns were equivalent to more than 141% including return of capital for investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, based on an independent valuation performed by KPMG of the acquiring REIT portfolio.
Due to the financial strength of the DST portfolio’s tenants and their ability to remain open and operating during the COVID-19 crisis, the tenants have paid 100% of their rent throughout the pandemic and resulting economic turmoil.
ExchangeRight’s Warren Thomas says, “We are pleased to have been able to protect our investors’ capital, to have provided them with stable and secure income, and to deliver strong total returns above our original projections, even in the midst of the economic turmoil caused by the pandemic.”
The properties are diversified across Texas, Wisconsin, Ohio, Alabama, Louisiana, Connecticut, Florida, and Tennessee, and are leased to multiple tenants operating Tractor Supply Company, Hobby Lobby, Sherwin Williams, CVS, Walgreens, Advanced Auto, Dollar General, Napa Auto Parts, and Family Dollar.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
- ◦Lease
