ExchangeRight Announces Fully Subscribed $90.5M DST Offering

ExchangeRight, a provider of diversified real estate DST and REIT investments, announced the company has fully subscribed its Net-Leased Portfolio 60 DST, a $90.5 million offering featuring 397,201 square feet of grocery, healthcare, pharmacy, and necessity-based retail tenants.

The portfolio is structured to provide monthly distributions with a current annualized rate of 4.80%.

The DST was launched with a 43.37% loan-to-value and non-recourse interest-only financing at a fixed rate of 5.71% over a 5-year term. The offering contains 14 properties in 14 markets across 10 states and nine “recession-resilient tenants”, including ShopRite, CVS Pharmacy, GIANT Company, BioLife Plasma, Family Dollar, and Hobby Lobby.

“We created NLP 60 with the goal of providing investors with stable income, secure capital, and strategic exits by sticking to our historically recession-resilient investment strategy,” said Warren Thomas, a managing partner at ExchangeRight.