ExchangeRight has fully subscribed its $99.72 million Net-Leased Portfolio 40 DST offering leased exclusively to national creditworthy tenants serving essential needs, including CVS, Dollar General, Kroger and Tractor Supply Co.
Net-Leased Portfolio 40 DST is diversified across 21 single-tenant net-leased properties located in nine states, including Georgia, Texas and Virginia. The portfolio is structured to generate stable monthly cash flow to investors, starting at 6.3 percent annualized. The offering launched with 10-year financing with a fixed annual interest rate of 3.45 percent and interest-only payments for the entire loan term.
“We are pleased to lease to essential businesses that are providing necessity retail and healthcare services and that continue to demonstrate resilience in asset classes that serve the abiding needs of American communities during these trying times,” said Joshua Ungerecht, a managing partner of ExchangeRight. “Net-Leased Portfolio
