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ExchangeRight Portfolio Outperforms Cash Flow Distributions

ExchangeRight’s El Paso apartment portfolio has outperformed its originally projected annualized cash flow distributions by 27.89 percent for the third fiscal year, providing investors with a 7.75 percent annualized distribution rate for the year. This accomplishment marks the portfolio’s second consecutive year of material outperformance for investors by ExchangeRight.

The El Paso apartment portfolio is a two-property value-add apartment offering totaling 393 units. ExchangeRight continues to achieve enhanced returns to investors through its value-add strategy by investing in renovations and capital improvements. Occupancy levels and rent collections for the properties, Wyndchase Apartments and Villa Sierra Apartments, have remained strong throughout the pandemic.

ExchangeRight’s acquisition and investment strategy focused on the demographic features and economic growth of the El Paso market supported by its medical, military, and manufacturing bi-cultural workforce. As of March 5, 2021, occupancy rates were 96.7 percent for Villa Sierra Apartments and 99.33 percent for Wyndchase Apartments.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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