ExchangeRight Strengthens Portfolio with Acquisition of 13 Net-Leased Properties from Tractor Supply
On November 26, 2024, ExchangeRight, a notable player in real estate investment, announced a significant enhancement to its portfolio through the acquisition of 13 net-leased properties from Tractor Supply Company. This transaction, a strategic sale-leaseback deal, spans over an impressive 425,000 square feet of real estate located across multiple states including Arizona, Florida, Georgia, Indiana, Maryland, Ohio, Pennsylvania, South Carolina, and Texas.
The recent acquisition reflects ExchangeRight's commitment to growing its portfolio, which now includes more than 100 properties leased to Tractor Supply as of October 31, 2024. This long-standing relationship between the two companies is founded on mutual trust and a shared vision for stability in a competitive market.
David Fisher, a managing partner at ExchangeRight, spoke about the importance of their association with Tractor Supply, emphasizing the value they see in the retailer's essential goods and strong BBB investment-grade credit rating from S&P Global. "As stewards and asset managers, we have built a long-standing relationship with Tractor Supply over the past decade, which has resulted in their consistent track record of fulfilling lease obligations to our investors," said Fisher. His comments highlighted a crucial element in real estate investment: the reliability of tenants and their financial health, something that Tractor Supply has demonstrated by paying 100% of their lease obligations consistently since they became a tenant.
Sam Susanin, the director of acquisitions at ExchangeRight, echoed Fisher's sentiments, noting that the company's confidence in Tractor Supply as a resilient tenant has only strengthened. "The team at Tractor Supply is professional and a pleasure to work with. We greatly value our relationship with them and anticipate collaborating closely for many years to come," Susanin commented.
ExchangeRight operates a vertically integrated platform managing assets exceeding $6.3 billion, spread across over 1,300 properties and 25 million square feet in 47 states as of the end of October 2024. The company aims to empower investors by providing reliable returns through REIT and 1031 DST portfolios. Their focus has always been on asset classes backed mainly by investment-grade corporations engaged in necessity-based retail and healthcare, thus ensuring a secure capital investment environment.
Notably, ExchangeRight has a strong track record of meeting or surpassing return objectives for its investors. As they continue to grow, the company remains dedicated to exploring investment opportunities that yield stable income and strategic exits for their investor base, which now comprises over 8,700 individuals nationwide.
In the dynamic landscape of real estate investment, collaborations like that of ExchangeRight and Tractor Supply stand as a testament to the importance of solid partnerships and trust in building long-term success and security for investors. The future looks promising for both entities as they continue to navigate and adapt to changes in the industry while staying committed to delivering value to their stakeholders.
The recent acquisition reflects ExchangeRight's commitment to growing its portfolio, which now includes more than 100 properties leased to Tractor Supply as of October 31, 2024. This long-standing relationship between the two companies is founded on mutual trust and a shared vision for stability in a competitive market.
David Fisher, a managing partner at ExchangeRight, spoke about the importance of their association with Tractor Supply, emphasizing the value they see in the retailer's essential goods and strong BBB investment-grade credit rating from S&P Global. "As stewards and asset managers, we have built a long-standing relationship with Tractor Supply over the past decade, which has resulted in their consistent track record of fulfilling lease obligations to our investors," said Fisher. His comments highlighted a crucial element in real estate investment: the reliability of tenants and their financial health, something that Tractor Supply has demonstrated by paying 100% of their lease obligations consistently since they became a tenant.
Sam Susanin, the director of acquisitions at ExchangeRight, echoed Fisher's sentiments, noting that the company's confidence in Tractor Supply as a resilient tenant has only strengthened. "The team at Tractor Supply is professional and a pleasure to work with. We greatly value our relationship with them and anticipate collaborating closely for many years to come," Susanin commented.
ExchangeRight operates a vertically integrated platform managing assets exceeding $6.3 billion, spread across over 1,300 properties and 25 million square feet in 47 states as of the end of October 2024. The company aims to empower investors by providing reliable returns through REIT and 1031 DST portfolios. Their focus has always been on asset classes backed mainly by investment-grade corporations engaged in necessity-based retail and healthcare, thus ensuring a secure capital investment environment.
Notably, ExchangeRight has a strong track record of meeting or surpassing return objectives for its investors. As they continue to grow, the company remains dedicated to exploring investment opportunities that yield stable income and strategic exits for their investor base, which now comprises over 8,700 individuals nationwide.
In the dynamic landscape of real estate investment, collaborations like that of ExchangeRight and Tractor Supply stand as a testament to the importance of solid partnerships and trust in building long-term success and security for investors. The future looks promising for both entities as they continue to navigate and adapt to changes in the industry while staying committed to delivering value to their stakeholders.
Topics Financial Services & Investing）
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