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ExchangeRight Fully Subscribes Nearly $100M Net-Leased DST Portfolio
Pasadena-based ExchangeRight reports it has fully subscribed its $99.72 million Net-Leased Portfolio 40 DST offering leased exclusively to national creditworthy tenants serving essential needs, including CVS, Dollar General, Kroger, and Tractor Supply Company. The DST portfolio is diversified over 21 single-tenant net-leased properties located in nine different states, including Georgia, Texas, and Virginia.
ExchangeRight’s Joshua Ungerecht says, “Net-Leased Portfolio 40 represents our focus on tenants that operate well capitalized businesses that have demonstrated consistent revenue growth and strong profit margins through economic cycles while maintaining conservative debt and financial policies, even amid this historic pandemic.”
The offering launched with 10-year financing with a fixed annual interest rate of 3.45% and interest-only payments for the entire loan term.
For comments, questions or concerns, please contact Dennis Kaiser
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