ExchangeRight, a provider of diversified REIT and DST investments, has announced the full subscription of Net-Leased Portfolio 72 DST. The $58.6 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 by in-place revenues from the offering. Net-Leased Portfolio 72 DST is a closed offering and is not accepting new investors.
The offering consists of 15 long-term net-leased properties with an initial weighted-average lease term of 14.9 years. The portfolio’s properties span 14 markets across seven states and 240,137 square feet of retail and healthcare space tenanted by historically recession-resilient companies including Dollar General Market, Tractor Supply Company, Sutter Health, Dollar Tree, AutoZone and Wild Fork Foods. The portfolio includes $25.9 million in non-recourse debt at a 44.19 percent loan-to-value.
Net-Leased Portfolio
