PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight has fully subscribed its $121.4 million Net-Leased Portfolio 41 DST offering leased to 11 national creditworthy tenants serving essential needs, including BioLife, Dignity Health, Tractor Supply Company, and Walmart Neighborhood Market.
Net-Leased Portfolio 41 DST is diversified over 18 net-leased properties located in 12 different states, including Arizona, Texas, and Virginia. The portfolio is structured to generate stable monthly cash flow to investors, starting at 6.31% annualized. The offering launched with 10-year financing with a fixed annual interest rate of 3.20% and interest-only payments for the entire loan term.
“Our latest offering continues our investment strategy of focusing on essential businesses in the necessity-based retail and healthcare industries that demonstrate strong financial performance amid economic volatility,” said Warren Thomas, a managing partner of ExchangeRight. “We are pleased to add Dignity Health and Walmart Neighborhood Market as tenants that fit this investment strategy. The assets in Net-Leased Portfolio 41 that are backed by these investment-grade companies all demonstrate strong demographics and traffic counts, long lease terms, and favorable cap rates that collectively fit our real estate underwriting requirements.”
ExchangeRight and its affiliates’ vertically integrated platform features over $3.2 billion in assets under management, diversified across more than 775 properties, over 13 million square feet, and throughout 39 different states. More than 4,300 investors have trusted ExchangeRight to manage their capital. All 60 of the company’s current and past offerings have met or exceeded targeted cash flow distributions to investors since the company’s founding in 2012.
ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios 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.