PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight is pleased to announce the promotion of Weldon Evans to National Sales Director. In this position, Weldon will work closely with members of ExchangeRight’s expanding sales team to enhance their service to representatives and advisors across the country while continuing to provide dedicated service for his relationships within the Eastern region.
“Weldon’s leadership will greatly benefit ExchangeRight’s growth to enable us to better support the broker-dealers and RIAs whom we serve,” said Joshua Ungerecht, one of the managing partners of ExchangeRight. “We have seen a rapid increase in new selling agreements as a result of our expansion into the REIT space and the strong performance of all of ExchangeRight’s offerings in the midst of the COVID-19 crisis. We have rapidly grown our team to help support our new and existing advisor and representative relationships and we are excited to benefit from Weldon’s decades of leadership experience to help us take our service to the next level.”
Prior to joining ExchangeRight, Weldon served in senior positions at Preferred Apartment Communities, Waypoint Financial Group, Bank of America Capital Management, and American International Group. He currently maintains Series 6, 7, 22, 26, 63, and 65 licenses and received a Bachelor of Arts in business, management, marketing, and related support services from the University of North Carolina at Chapel Hill.
“We are happy to have Weldon taking the lead in the expansion of our sales team during this time when there is both market uncertainty but also great opportunity for us given our conservative investment strategy and strong performance,” said Warren Thomas, one of the managing partners of ExchangeRight. “With his deep industry expertise and leadership skills, Weldon will help us continue to grow in a way that keeps pace with demand while still maintaining and improving the quality of service that the industry has come to expect from ExchangeRight.”
ExchangeRight and its affiliates’ vertically integrated platform is diversified across more than 675 properties of over 14 million square feet located throughout 38 different states. More than 3,200 investors have trusted ExchangeRight to manage their capital. All 50 of the company’s current and past offerings have met or exceeded targeted cash flow distributions to investors since the company’s founding.
ExchangeRight is a vertically integrated real estate investment firm with over $2.6 billion in assets under management. ExchangeRight pursues its mission to empower people to be secure, free, and generous by providing income funds and 1031-exchangeable investment offerings that target secure capital, stable income, and strategic exits. The company strategically acquires and manages long-term, net-leased assets backed by investment-grade corporations that operate essential businesses successfully in the necessity-based retail and healthcare industries. For more information, visit www.exchangeright.com.