ExchangeRight has collected 100 percent of 2020 rent totaling approximately $129 million in net rents across its more than $3 billion of net-leased assets under management. Despite the historic pandemic and the economic recession it precipitated, ExchangeRight ensured rent payments were collected in a timely manner and in full to protect investors’ income.
The company credits this success to its strict acquisition process that focuses on long-term net leases to creditworthy tenants and to its asset management team’s proactive coordination with these tenants. Throughout 2020, ExchangeRight maintained its impeccable track record of providing uninterrupted monthly distributions that have met or outperformed original projections for all of the company’s current and past offerings.
ExchangeRight’s successful collections in 2020 compared favorably with the net-leased assets under management of major publicly traded net-lease REITs that are comparable to ExchangeRight