ExchangeRight has brought its North Austin Apartment Portfolio DST offering full cycle, generating total returns of 128.9 percent, including return of capital to the DST and its investors.
This announcement marks ExchangeRight’s 16th full-cycle offering and is part of the company’s current plan to capitalize on selling into the multifamily market while buyer underwriting remains aggressive and valuations remain at record levels.
The portfolio achieved final annualized returns of 6.8 percent to investors, outperforming its original target of a 6.52 percent annualized return on investors’ capital for the period of ownership. ExchangeRight provided uninterrupted monthly distributions throughout the offering’s four-plus-year hold period without reducing or delaying any distribution payments despite significant headwinds caused by substantial property tax increases, rising insurance costs due to the impact of Hurricane Harvey on insurance companies, and the potentia
