PASADENA, Calif. – ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced the company has fully subscribed its ExchangeRight All-Cash DST, a debt-free portfolio of net-leased real estate backed by investment-grade companies operating in necessity-based retail industries. The offering has been structured to provide investors with monthly distributions currently at an annualized rate of 5.00% from in-place revenue. All-Cash DST is a closed offering and is not accepting new investors.
The All-Cash DST features net-leased properties tenanted by Tractor Supply and a Family Dollar and Dollar Tree combo store. The portfolio’s properties together span 30,083-square-feet and are located in Abilene and Sweetwater, Texas, a non-income-tax state.
ExchangeRight All-Cash DST’s exit strategy aims to provide investors with a cash-out refinance option in addition to the ability to complete a 1031 exchange, 721 exchange, cash out, or a combination of these options. Predicated upon successful future financing of the properties, ExchangeRight anticipates that investors will have the option to receive a portion of their initial investment using a tax-deferred cash-out refinance, with the potential to complete a tax-deferred 721 exchange of non-refinanced equity in a later transaction with an acquiring REIT.
Joshua Ungerecht, a managing partner at ExchangeRight, explained that the company continues to see sustained demand for stable all-cash offerings.
“We are committed to meet the ongoing needs in the market for 1031 DST offerings that focus on historically recession-resilient tenants and industries,” said Ungerecht. “Based on where we are in the economic cycle, more representatives and advisors are choosing investments that are foremost designed to protect their clients' wealth and income. This all-cash portfolio focuses on real estate that is producing cash flows from in-place lease revenue from Dollar Tree and Tractor Supply Company, which are investment-grade credit tenants and historically have thrived through economic downturns like the Great Recession and the COVID crisis.”
About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $5.9 billion in assets under management that are diversified across over 1,200 properties, and 24 million square feet throughout 47 states, as of April 30, 2024. 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, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. The company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated 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 on behalf of more than 8,100 investors nationwide. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
(626) 773-3448