A number of ExchangeRight tenants are on the front lines of the COVID-19 vaccine distribution, doing their part in the nation’s effort towards immunization. We are pleased to see our tenants continue to play a crucial role in communities across the country during this historically difficult period. See below for highlights of how several of our tenants are contributing during this period of recovery.
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Dollar General is in Conversations with the CDC for Vaccine Rollout The CDC announced at the Health Action Alliance's virtual National Business Summit that a vaccine distribution partnership with Dollar General is in consideration. Director Rochelle Walensky explained, “In rural areas, residents often don't have access to big-box stores. We're exploring a promising collaboration with Dollar General stores, which have locations that include refrigeration capacity within 10 or 15 miles of our rural communities in all but four states."ExchangeRight’s portfolio currently includes 242 properties that have long-term net leases to Dollar General, representing 14.02% of the net operating income of our net-leased assets under management. |
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CVS Health Expands Community Access to COVID‑19 Vaccines Vaccinations will be offered at select CVS locations throughout 11 states. CVS Health President and Chief Executive Officer Karen Lynch said, “Our presence in communities across the country makes us an ideal partner for administering vaccines in a safe, convenient, and familiar manner. This is particularly true for underserved communities, which have been a focus for us throughout the pandemic.” ExchangeRight’s portfolio currently includes 36 properties that have long-term net leases to CVS, representing 5.37% of the net operating income of our net-leased assets under management. |
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Walgreens Administers More Than 3 Million COVID‑19 Vaccinations Walgreens has administered more than 3 million COVID-19 vaccinations across long-term care facilities as of February 19, 2021. Additionally, the company has completed COVID-19 vaccine first-dose clinics in all long-term care facilities that selected Walgreens as a vaccine provider. President John Standley said, “We have rapidly accelerated vaccine administration in long-term care facilities over the last month and will continue to expand access to vaccines in our pharmacies as supply becomes available.” In addition, Walgreens launched its Federal Retail Pharmacy Program in February, providing in-store vaccinations in 17 states and jurisdictions. ExchangeRight’s portfolio currently includes 120 properties that have long-term net leases to Walgreens, representing 22.37% of the net operating income of our net-leased assets under management. |
This encouraging news builds further upon our tenants’ track record of service and stability throughout this difficult period. The combination of our tenants’ financial strength and provision of essential goods and services, now including vaccine distribution and administration, helps to ensure our tenants’ resilience on behalf of investors in the face of economic turmoil.