ExchangeRight, a real estate investment firm based in Pasadena, has successfully subscribed its Net-Leased Portfolio 63 DST. This offering features 510,625 square feet of retail space occupied by grocery stores, healthcare facilities and other necessity-based tenants. The portfolio is structured to provide monthly distributions with an annualized rate of 5.00%.
The DST was launched with a conservative loan-to-value ratio of 40.29% and non-recourse interest-only financing at a fixed rate of 5.672% for five years. It consists of fifteen properties located in thirteen states across the country and boasts nine tenants that have historically proven resilience during economic downturns such as FedEx, Tops Friendly Markets, Dollar General, Tractor Supply and BioLife.
According to Warren Thomas, managing partner at ExchangeRight: “We take pride in offering investors another portfolio that not only provides consistent income but also offers strategic exit options even during times of economic volatility.” He further added: “Our commitment is to serve our investors who trust us with their wealth as well as our partners who work alongside us to deliver capital preservation along with stable returns for their clients.”
This article originally appeared on Connect CRE.
