ExchangeRight Completes 34th Offering with Remarkable Returns for Investors
ExchangeRight, a prominent player in the diversified real estate investment landscape in the United States, has recently announced the completion of its 34th full-cycle event, a testament to its ongoing commitment to delivering value to investors. This milestone is marked by the successful acquisition of Net-Leased Portfolio 28 DST, which comprises a 23-property portfolio now under the management of ExchangeRight's Essential Income REIT.
This latest full-cycle event highlights the effectiveness of ExchangeRight's aggregation strategy, which has successfully transitioned 22 net-leased portfolios through to investors. Notably, each offering has consistently met or exceeded return projections, demonstrating their ability to maintain robust performance despite varying market conditions.
In the context of this latest cycle, investors in the Net-Leased Portfolio 28 DST have reported total net annual returns ranging from 6.96% to 9.02%. This translates into remarkable overall returns of between 134.57% and 147.67%, inclusive of the return of capital. Investors were provided with several exit strategies upon closure, allowing them the flexibility to choose options such as a tax-deferred 721 exchange into the REIT, pursuing another 1031 exchange, or opting for cash distributions on a non-tax-deferred basis. By accommodating these diverse preferences, ExchangeRight has fostered a more inclusive investment environment.
The portfolio itself spans across 22 markets, covering a total of 482,287 square feet across nine states and features tenants that have historically demonstrated resilience during economic downturns. Key tenants in this portfolio include well-known names like Tractor Supply, Dollar General, Pick 'n Save, and Hobby Lobby. Impressively, the steady rental income generated by these properties has ensured consistent and increasing distributions to investors, even amid the challenges posed by the pandemic and the associated economic turbulence.
Joshua Ungerecht, a managing partner at ExchangeRight, commented on this achievement, emphasizing the importance of strategic planning. He stated, "This is another example of how, by beginning with the end in mind, we have been able to benefit the investors in both ExchangeRight's DST and REIT platforms. The aggregation of high-quality net-leased assets not only reduces risk but also enhances the overall returns for our investors, allowing for further diversification and stability."
As ExchangeRight continues to expand its offerings, they have secured a substantial footprint in the real estate investment sector, with over $6.3 billion in assets under management. Their portfolio encompasses more than 1,300 properties and spans an impressive 25 million square feet across 47 states as of October 2024.
Looking forward, ExchangeRight remains committed to empowering investors through various REIT, fund, and 1031 DST portfolios, all aimed at providing secure capital, stable income, and strategic exit plans. The company's track record indicates that they have consistently met or exceeded return targets since their inception, which for more than 8,700 investors today remains a significant reassurance of their expertise in the market.
In conclusion, ExchangeRight's successful closure of its 34th full-cycle event reflects not only their adept management strategies but also their dedication to fostering trust and providing value to their investors. With a robust structure in place and a keen focus on quality, ExchangeRight appears well equipped to navigate the complex landscape of real estate investment, ensuring continued opportunities for both current and future investors. For more detailed information about their services and offerings, you can visit www.exchangeright.com.
This latest full-cycle event highlights the effectiveness of ExchangeRight's aggregation strategy, which has successfully transitioned 22 net-leased portfolios through to investors. Notably, each offering has consistently met or exceeded return projections, demonstrating their ability to maintain robust performance despite varying market conditions.
In the context of this latest cycle, investors in the Net-Leased Portfolio 28 DST have reported total net annual returns ranging from 6.96% to 9.02%. This translates into remarkable overall returns of between 134.57% and 147.67%, inclusive of the return of capital. Investors were provided with several exit strategies upon closure, allowing them the flexibility to choose options such as a tax-deferred 721 exchange into the REIT, pursuing another 1031 exchange, or opting for cash distributions on a non-tax-deferred basis. By accommodating these diverse preferences, ExchangeRight has fostered a more inclusive investment environment.
The portfolio itself spans across 22 markets, covering a total of 482,287 square feet across nine states and features tenants that have historically demonstrated resilience during economic downturns. Key tenants in this portfolio include well-known names like Tractor Supply, Dollar General, Pick 'n Save, and Hobby Lobby. Impressively, the steady rental income generated by these properties has ensured consistent and increasing distributions to investors, even amid the challenges posed by the pandemic and the associated economic turbulence.
Joshua Ungerecht, a managing partner at ExchangeRight, commented on this achievement, emphasizing the importance of strategic planning. He stated, "This is another example of how, by beginning with the end in mind, we have been able to benefit the investors in both ExchangeRight's DST and REIT platforms. The aggregation of high-quality net-leased assets not only reduces risk but also enhances the overall returns for our investors, allowing for further diversification and stability."
As ExchangeRight continues to expand its offerings, they have secured a substantial footprint in the real estate investment sector, with over $6.3 billion in assets under management. Their portfolio encompasses more than 1,300 properties and spans an impressive 25 million square feet across 47 states as of October 2024.
Looking forward, ExchangeRight remains committed to empowering investors through various REIT, fund, and 1031 DST portfolios, all aimed at providing secure capital, stable income, and strategic exit plans. The company's track record indicates that they have consistently met or exceeded return targets since their inception, which for more than 8,700 investors today remains a significant reassurance of their expertise in the market.
In conclusion, ExchangeRight's successful closure of its 34th full-cycle event reflects not only their adept management strategies but also their dedication to fostering trust and providing value to their investors. With a robust structure in place and a keen focus on quality, ExchangeRight appears well equipped to navigate the complex landscape of real estate investment, ensuring continued opportunities for both current and future investors. For more detailed information about their services and offerings, you can visit www.exchangeright.com.
Topics Financial Services & Investing）
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