ExchangeRight Fully Subscribes a $90.5M DST Created for Recession-Resilience

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.”