ExchangeRight, a provider of diversified real estate investment trust (REIT) and DST (Delaware Statutory Trust) investments, has announced the full subscription of Net-Leased All-Cash 18 DST. The $52.8 million debt-free offering is designed to provide 1031 exchange and cash investors stable monthly distributions at a current annualized rate of 5.15 percent that is covered entirely by in-place lease revenue. Net-Leased All-Cash 18 DST is a closed offering and is not accepting new investors.
The unleveraged offering features a diversified portfolio of net-leased real estate backed by historically recession-resilient tenants in necessity-based industries, including six properties leased to BioLife Plasma Services and Tractor Supply Company, with an initial weighted-average lease term of 12 years. The properties total 110,430 square feet and are located across five states: Florida, Texas, Alabama, Michigan and Georgia. Net-Leased All-Cash 18 DST is backed by a 20-year master leas
