ExchangeRight Subscribes DST Portfolio with Multiple Exit Options

Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has fully subscribed its Net-Leased Portfolio 62 DST, a $110.12-million offering totaling 428,605 square feet net-leased to grocery, pharmacy, medical and other necessity-based national tenants operating essential businesses. The portfolio has been structured to provide investors with monthly distributions starting at an annualized rate of 5.00%.

The offering contains 17 properties diversified across 17 markets, 10 states and eight historically recession-resilient tenants, including FedEx, Dollar General, Pick ‘n Save, BioLife, Food Lion, Fresenius Medical Care, CVS Pharmacy and Family Dollar. The portfolio was launched with a weighted-average lease term of 9.7 years and a 44.04% loan-to-value utilizing five-year non-recourse interest-only financing.

“Net-Leased Portfolio 62 is designed to deliver security for investors’ capital, generate stable income, and also provide investors access to our long-term aggregation strategy through multiple exit options,” said Warren Thomas, a managing partner at ExchangeRight. “In this way, this offering was not just structured to be a safe haven for the current economic moment, but to provide unparalleled exit optionality for investors to choose what is best for their investment and estate planning needs over the long run.”

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.