ExchangeRight, a leading provider of diversified real estate DST and REIT investments in Pasadena, 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. Investors can expect monthly distributions starting at an annualized rate of 5%.
The portfolio consists of 17 properties spread across 17 markets in 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 non recourse interest only financing for added security for investors’ capital while generating stable income over the long run through multiple exit options available to them depending on their investment needs or estate planning goals .
Warren Thomas , managing partner at ExchangeRight said “Net Leased Portfolio 62 is designed not just as a safe haven during this economic moment but also provide unparalleled exit optionality so that investors can choose what works best for them over the long run”
