ExchangeRight has fully subscribed its all-equity $23.77 million Net-Leased Portfolio 44 DST offering.
The tenants included in the portfolio follow ExchangeRight’s strict acquisition criteria focused on national companies that provide necessity-based essential retail and medical services. The portfolio's five single-tenant, net-leased properties are 100 percent occupied by Dollar General, Natural Grocers and Walgreens. All of the tenants in the offering remained open and operating to serve the public throughout the COVID-19 crisis.
Net-Leased Portfolio 44 DST is structured to generate stable monthly cash flow starting at 5.12 percent annualized in year one of ownership. The offering launched on February 17, and the equity raise was completed on June 2.
“This all-cash offering served a demand we had seen from investors looking for investments without financing,” said Warren Thomas, a managing partner of ExchangeRight. “We believe the targeted cash-on-cash
