ExchangeRight, a leading provider of diversified real estate DST and REIT investments across the nation, has successfully subscribed its Net-Leased Portfolio 62 DST. This $110.12-million offering totals 428,605 square feet net-leased to national tenants operating essential businesses such as grocery stores, pharmacies and medical centers. The portfolio is structured to provide investors with monthly distributions at an annualized rate of 5%.
The 17 properties are located in 17 markets across 10 states with eight historically recession resilient tenants including FedEx, Dollar General Pick ‘n Save BioLife Food Lion Fresenius Medical Care CVS Pharmacy and Family Dollar. It was launched with a weighted average lease term of 9.7 years and 44% loan-to value utilizing five year nonrecourse interest only financing for added security for investors’ capital while generating stable income over the long run through multiple exit options available to them according to Warren Thomas managing partner at ExchangeRight .
