ExchangeRight Ended 2023 as 3rd Largest DST Sponsor

ExchangeRight, a provider of real estate DST and REIT investments, announced that it ended 2023 as the third largest sponsor in the securitized 1031 exchange market, according to a market equity update from Mountain Dell Consulting.

With more than $360 million of equity in the company’s DST offerings last year, it grew its market share by over 20% year-over-year through broker-dealers, RIAs, and their clients.

The company has maintained 100% rent collection for all its diversified net-leased DST portfolios. The platform supported over $159 million in annual distributions in 2023, with more than 7,900 investors served across all platforms.

“We’re proud of what we’ve been able to accomplish with the help of our industry partners since launching our first portfolio in 2012, and we are deeply grateful for how our team continues to lean into challenges and identify opportunities that will enable us to succeed on behalf of the investors and industry partners we serve,” said Warren Thomas, a managing partner at ExchangeRight.

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

The firm structures and 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.