ExchangeRight Fully Subscribes $125.8M Net-Leased DST Offering   

ExchangeRight, a provider of real estate DST and REIT investments, announced it has fully subscribed its Net-Leased Portfolio 63 DST, a $125.8 million offering featuring 510,625 square feet of grocery, healthcare and necessity-based retail tenants.  

The portfolio will provide monthly distributions at an annualized rate of 5%. 

The DST was launched with 40.29% loan-to-value and non-recourse interest-only financing at a fixed rate of 5.672% over a 5-year term. The offering contains 15 properties in 15 markets across 13 states and nine “historically recession-resilient” tenants, including FedEx, Tops Friendly Markets, Dollar General, Tractor Supply and BioLife. 

“We’re proud to offer investors another portfolio designed to provide consistent income and strategic exit options, even through economic volatility,” said Warren Thomas, a managing partner at ExchangeRight. 

The latest offering follows its Essential Grocery DST, a $29.2 million all-cash offering featuring a 61,916-square-foot net-leased property tenanted by ShopRite in Uniondale, N.Y. in October. 

Pasadena-based ExchangeRight and its affiliates’ vertically integrated platform features more than $5.7 billion in assets under management across over 1,200 properties, and 23 million square feet throughout 47 states. 

The firm manages net-leased portfolios of assets backed primarily by investment-grade corporations in the necessity-based retail and healthcare industries and diversified value-add portfolios of inline and outparcel retail properties anchored by high-performing grocery tenants.