ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has fully subscribed its Net-Leased Portfolio 61 DST. This $109.37-million offering totals 377,666 square feet net-leased to grocery stores, pharmacies, medical facilities and other necessity-based national tenants operating essential businesses. Investors will receive monthly distributions starting at an annualized rate of 5%.
The 16 properties in 16 markets are spread across 11 states with 12 historically recession resilient tenants including CVS Pharmacy, Dollar General Market Giant Eagle Grocery Stores , Giant Food Stores , Metro Market , Tractor Supply Co., and UnityPoint Health . The portfolio was launched with a weighted average lease term of 8.6 years as well as 42.86% loan to value utilizing five year non recourse interest only financing .
Joshua Ungerecht – Managing Partner at ExchangeRight – commented: “Given where we are in the macroeconomic cycle our Net Leased Portfolio 61 DST reflects our focus on protecting investor wealth & income through our historically recession resilient investment strategy.”
