PASADENA, Calif. - ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced that it has no exposure to any failed banks.
ExchangeRight emphasized that all investor and company deposit accounts that the company holds with regional banks are fully covered by FDIC insurance, with controls in place to ensure those deposit balances are kept within FDIC insurance limits at all times.
“The members of our treasury and accounting team continually monitor our banking relationships to ensure the security of any funds in our stewardship,” said Warren Thomas, a managing partner at ExchangeRight. “Additionally, our team has worked proactively with all of our banking relationships to increase the rate of interest paid on all of our deposit and U.S. Treasury accounts, which accrue to the benefit of each of our investment offerings and our investors.”
ExchangeRight and its affiliates’ vertically integrated platform features more than $5.4 billion in assets under management that are diversified across over 1,100 properties, 21 million square feet, and 47 states. More than 7,500 investors have trusted the company to manage their capital.
About ExchangeRight
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 syndicates net-leased portfolios of assets backed primarily by investment-grade corporations that successfully operate in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail properties shadow-anchored by strong-performing grocery tenants. Please visit www.exchangeright.com for more information.
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
(626) 773-3448