ExchangeRight has fully subscribed its $126 million Net-Leased Portfolio 49 DST offering, which is designed to generate investor distributions from approximately 600,000 square feet of net-leased property.
The portfolio’s fully occupied 29 properties are net-leased to CVS Pharmacy, Dollar General, Dollar Tree, Hobby Lobby, Octapharma Plasma, Pick ‘n Save, Walgreens, and other essential operators. The properties are diversified across 16 states, including California, Georgia, Michigan, Illinois and Ohio.
Net-Leased Portfolio 49 DST is structured to generate stable monthly cash flow to investors, starting at an annualized rate of 6.15 percent. The offering launched with a five-year fixed-rate interest-only financing at a 3.516 percent interest rate.
“We significantly increased the offering size of our newest DST to accommodate the wealth-management needs of as many investors as we could,” said Warren Thomas, a managing partner of ExchangeRight. “We are
