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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 Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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