ExchangeRight has brought its sixth and final multifamily offering full cycle, generating total returns of 154.48 percent, including return of capital to the DST and its investors. These returns represent a 14.35 percent annualized return on investors’ capital, which is more than 2.4 times higher than the company’s original target of 5.96 percent annual returns. ExchangeRight provided uninterrupted monthly distributions at or in excess of the company’s projections throughout the offering’s hold period.
The El Paso Apartment Portfolio was a two-property class-B value-add apartment offering 393 units located in El Paso, Texas. With the sale, ExchangeRight capitalized on value-add measures implemented to increase net-operating income, exiting while buyer underwriting is aggressive and valuations remain at record levels. ExchangeRight executed its value-add strategy throughout the hold period by renovating units and increasing management efficiencies at the properties to