
ExchangeRight’s Collection Success Due to Creditworthy Tenants
ExchangeRight has collected 100 percent of 2020 rent totaling approximately $129 million in net rents across all $3 billion of its net-leased assets under management, the company says. Despite the historic pandemic and the economic recession it precipitated, ExchangeRight ensured that rent payments were collected in a timely manner and in full to protect investors’ income.
The company credits this success to its strict acquisition process that focuses on long-term net leases to creditworthy tenants and its asset management team’s proactive coordination with these tenants. Throughout 2020, ExchangeRight maintained its track record of providing uninterrupted monthly distributions that have met or outperformed original projections for all of the company’s current and past offerings.
ExchangeRight’s successful collections in 2020 compared very favorably with the net-leased assets under management of major publicly traded net lease REITs that are similar to ExchangeRight’s net-leased assets under management.
- ◦Economy