ExchangeRight has fully subscribed Net-Leased Portfolio 34 DST, its latest all-equity offering. The offering is designed to generate stable income and protect capital by focusing exclusively on investment-grade quality tenants operating essential businesses in the necessity-based retail and healthcare industries.
Net-Leased Portfolio 34 is 100 percent occupied by Ballad Health, Walgreens, FedEx and Dollar General, and is diversified nationally with a weighted-average lease term of 10.6 years. The offering is diversified across Illinois, North Carolina, Pennsylvania and Virginia. The portfolio is designed for investors seeking to participate in a 1031 tax-deferred exchange, as well as investors seeking to invest in diversified portfolios of net-leased real estate on a cash basis. Net-Leased Portfolio 34’s current cash flow to investors is 5.11 percent with annual targeted increases given the portfolio’s leases that have contractual rent increases.
“We are pleased
