ExchangeRight has announced the full subscription of Net-Leased Portfolio 69 DST, reflecting continued demand for the company’s historically recession-resilient, diversified net-leased offerings that support ExchangeRight’s Essential Income REIT’s growing acquisition pipeline. The $62 million portfolio of net-leased real estate, 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 69 DST is a closed offering and is not accepting new investors.
The portfolio comprises 11 long-term net-leased properties, occupied by national tenants including Kroger, Dollar General Plus, Tractor Supply, Sherwin-Williams and Dollar Tree. The properties span 11 markets across eight states and 224,401 square feet, with an initial weighted-average lease term of 15 years.
As part of ExchangeRightâ
