ExchangeRight has completed its 23rd full-cycle event with the sale of its Net-Leased Portfolio 16 DST, providing investors with total returns on sale including cash flow ranging from 134 to 143 percent, while maintaining uninterrupted monthly distributions and meeting cash flow projections.
The portfolio was made up of 19 net-leased properties tenanted by Dollar General, Walgreens, Advance Auto Parts and Tractor Supply, as well as other essential businesses. The retail properties spanned 261,872 square feet across nine states.
ExchangeRight provided investors in the portfolio the option to perform another 1031 exchange, receive cash, complete a tax-deferred 721 exchange, or a combination of these options. For investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, the total return on sale including cash flow was equivalent to approximately 143 percent of initial capital investment based on an independent KPMG valuation of the acquiring por