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California  + Retail  | 
ExchangeRight's Warren Thomas said the firm is intent on constructing diversified net-leased portfolios for DST investors

ExchangeRight Becomes Nation’s Second Largest 1031 Sponsor

Pasadena, CA-based ExchangeRight has emerged as the nation’s second largest sponsor of securitized 1031-exchangeable real estate investments, according to a report from Mountain Dell Consulting. The company has acquired more than $340 million of assets on behalf of investors for the year-to-date period ending July 31, and now stewards over $2.1 billion in total assets under management together with its affiliates.

ExchangeRight’s Warren Thomas says, “We are thrilled by this milestone. Just over seven years ago, ExchangeRight brought out its very first offering, and now we stand in second place in our industry. We continue to grow at an impressive pace. Our 2018 sales grew 35.1% year-over-year, and our production for 2019 is on pace to grow at a similar rate.”

The company syndicates aggregated offerings for 1031 and cash investors, consisting of long-term, net-leased properties. Its portfolio encompasses more than 600 properties totaling in excess of 14 million square feet in 38 states.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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