ExchangeRight has bought two additional net-leased portfolio DSTs full cycle in first quarter 2021, generating annual returns ranging from 6.77 percent to 7.73 percent for investors who chose to cash out or complete a 1031 exchange with their proceeds. Annual returns were the equivalent of 8.31 percent to 9.16 percent for investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, based on an independent KPMG valuation of the acquiring portfolio. ExchangeRight provided the investors in each portfolio with the option to perform another 1031 exchange, receive cash, complete a tax-deferred 721 exchange, or any combination of these options.
Together the portfolios were diversified across 28 net-leased properties, featuring investment-grade tenants successfully operating in essential industries such as Walgreens, Tractor Supply, Dollar General and Fresenius Medical Care.
“This marks our 17th and 18th successful full-cycle offerings and reflects Ex