ExchangeRight Subscribes DST Offering Across 11 States

ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, 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 five-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. 

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.