ExchangeRight Fully Subscribes $82.3M Net-Leased DST Offering 

ExchangeRight, a provider of real estate DST and REIT investments, has fully subscribed its Net-Leased Portfolio 65 DST, an $82.3 million offering featuring over 416,000 square feet of space for tenants operating in necessity-based industries. The portfolio provides monthly distributions at a 5% annualized rate. 

The DST was launched with a 40.23% loan-to-value and non-recourse interest-only financing at a fixed rate of 5.82% over a 5-year term. The offering contains 13 properties across 10 states and five historically recession-resilient tenants, including FedEx, Tractor Supply, Dollar General, Dollar Tree, and Family Dollar. 

“As increasingly more investors are continuing to transition from active to passive real estate investments, we are pleased to help meet that need with a 1031-compatible offering designed to protect investors from economic volatility and recession,” said Joshua Ungerecht, a managing partner at ExchangeRight. 

Pasadena-based ExchangeRight and its affiliates’ platform features over $6 billion in assets diversified across more than 1,200 properties, and 24 million square feet throughout 47 states, as of July 31, 2024. 

The company invests in net-leased portfolios of assets backed primarily by investment-grade corporations that have operated in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail properties adjacent to “strong-performing” grocery tenants.