Real Estate - SEPTEMBER 17, 2020

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ExchangeRight fully subscribes $44m offering focused exclusively on essential businesses

by Released

ExchangeRight has fully subscribed its $44.5 million net-leased portfolio 36 DST offering.

The portfolio is designed to protect investor capital and generate stable income from properties whose leases are guaranteed by Kroger, a tenant with an investment-grade credit rating that operates essential grocery businesses that have remained open throughout the COVID-19 crisis. The offering launched on July 1 with fixed-rate financing with an annual rate of 3.75 percent and a weighted-average lease term of 10.2 years.

The portfolio is designed for investors seeking to participate in a 1031 tax-deferred exchange, as well as investors seeking diversified portfolios of net-leased real estate on a cash basis. ExchangeRight’s current monthly distribution to investors is 6.18 percent with targeted annual growth resulting from contractual rent increases written into the portfolio’s leases.

“Kroger is a financially stable national corporation that we focus on across our

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