ExchangeRight Fully Subscribes $23.2M All-Cash DST Offering
ExchangeRight has fully subscribed its $23.26 million All-Cash 6 DST offering, which features three net-leased properties tenanted by Daybreak Market & Fuel, Tractor Supply, and Dollar General Market. The portfolio’s properties span 39,664 square feet in Florida, Texas, and Wisconsin. The DST provides monthly distributions beginning at a 5.20% annualized rate covered 100% by in-place revenues from the offering.
The All-Cash 6 DST exit strategy aims to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 or 721 exchange, cash out, or any combination of these options at exit.
The firm is offering investors the potential to receive a lump sum payment of 20% to 30% of their initial investment through a tax-deferred cash-out financing. This financing option allows investors to access a portion of their equity without triggering immediate taxes, offering liquidity while preserving some of their investment in the deal. Additionally, investors may have the option to later engage in a 721 exchange for the remaining 70% to 80% of non-financed equity.
“Protecting investors’ hard-earned wealth and providing stable monthly income through economic cycles is our primary goal each time we produce a new offering for our net lease platform,” said Warren Thomas, a managing partner at ExchangeRight.
In December, the company announced the completion of its 34th full-cycle event with the acquisition of Net-Leased Portfolio 28 DST’s 23-property portfolio by the company’s Essential Income REIT.
In November, the company announced it fully subscribed its $18.33 million All-Cash 5 DST offering. In September, it announced it fully subscribed its $22.9 million All-Cash 4 DST offering. That same month, the company announced that its $107 million Net-Leased Portfolio 66 DST was fully subscribed.
Pasadena-based ExchangeRight and its affiliates’ vertically integrated platform features over $6.3 billion in assets under management diversified across more than 1,300 properties, and 25 million square feet throughout 47 states, as of January 31.
