ExchangeRight, a provider of diversified REITs and Delaware statutory trust (DST) investments, has announced the full subscription of Net-Leased Portfolio 71 DST. The successful closing reflects the increased investor demand for historically recession-resilient and diversified net-leased offerings that provide stable income and exit optionality into ExchangeRight’s Essential Income REIT. The $55.9 million portfolio, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5 percent covered 100 percent by in-place revenues from the offering. Net-Leased Portfolio 71 DST is a closed offering and is not accepting new investors.
The offering consists of 12 long-term net-leased properties that have an initial weighted average lease term of 10.9 years and are tenanted by historically recession-resilient companies such as Aldi, Conviva, Natural Grocers, Dollar General Market and O’Re
