PASADENA, CA—ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, revealed that the company has fully subscribed its net-leased portfolio 60 DST, a $90.5-million offering featuring 397,201 square feet of grocery, healthcare, pharmacy, and necessity-based retail tenants. The portfolio is structured to provide monthly distributions with a current annualized rate of 4.80%.
The DST was launched with a 43.37% loan-to-value and non-recourse interest-only financing at a fixed rate of 5.71% over a 5-year term, according to a prepared release. The offering contains 14 properties in 14 markets diversified across 10 states and 9 recession-resilient tenants, including ShopRite, CVS Pharmacy, GIANT Company, BioLife Plasma, Family Dollar, and Hobby Lobby.
"We created NLP 60 with the goal of providing investors with stable income, secure capital, and strategic exits by sticking to our historically recession-resilient investment strategy," said Warren Thomas, a managing partner at ExchangeRight, in the release. "Since we started ExchangeRight in 2012, each one of our offerings has successfully provided uninterrupted cash flow distributions to investors with funds exclusively generated from their underlying assets, even throughout times of economic volatility. We are proud of this track record, with all 90 of our current and past offerings having met or exceeded their distribution projections every month since our inception."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
