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California  + Los Angeles  + Retail  | 
ExchangeRight Fully Subscribes $132M Net-Leased Portfolio which is comprised of grocery, necessity retail, banking and much more

ExchangeRight Fully Subscribes $132M Net-Leased Portfolio

Pasadena, CA-based ExchangeRight, a provider of diversified real estate DST and REIT investments, has fully subscribed its $132 million Net-Leased Portfolio 56 DST, which features over 640,000 square feet of grocery, necessity-based retail, banking and healthcare tenants. The offering launched with an LTV of 44.95% and non-recourse interest-only financing at a fixed rate of 5.368% over 10-years.

NLP 56 DST contains 33 net-leased properties across 19 states, with 12 distinct tenants, including Wood Supermarket, Family Dollar, Scheels All Sports and nine CVS Pharmacy locations providing 28% of the offering’s net operating income. The properties are 100% occupied and operating.

“We are honored by the trust that investors, representatives and advisors continue to place in us for investors’ wealth management and retirement needs. This offering is designed for economic resilience and aims to serve investors with dependable monthly income regardless of market forces,” said ExchangeRight managing partner Warren Thomas.


Inside The Story


About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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