PASADENA, Calif.–(BUSINESS WIRE)–Aug 27, 2020–
ExchangeRight has totally subscribed Web-Leased Portfolio 34 DST, its newest all-equity providing. The providing is designed to generate secure earnings and defend capital by focusing solely on investment-grade high quality tenants working important companies within the necessity-based retail and healthcare industries.
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Tenants of ExchangeRight’s Web-Leased Portfolio 34 (Photograph: Enterprise Wire)
Web-Leased Portfolio 34 is 100% occupied by Ballad Well being, Walgreens, FedEx, and Greenback Normal, and is diversified nationally with a weighted-average lease time period of 10.6 years. The providing is diversified throughout Illinois, North Carolina, Pennsylvania, and Virginia. The portfolio is designed for buyers in search of to take part in a 1031 tax-deferred change, in addition to buyers in search of to spend money on diversified portfolios of net-leased actual property on a money foundation. Web-Leased Portfolio 34’s present money circulation to buyers is 5.11% with annual focused will increase given the portfolio’s leases which have contractual hire will increase.
“We’re happy to steward buyers’ capital via this all-cash providing designed for recession-resilience,” mentioned Warren Thomas, a managing associate of ExchangeRight. “We’ve got seen a rise in demand for our choices given our sturdy observe document of assembly or exceeding focused distributions to buyers even via financial downturns. We proceed to strategically develop new choices that serve the wants of the buyers, representatives, and advisors that entrust us with their wealth whereas assembly the demand that we’re seeing available in the market.”
ExchangeRight and its associates’ vertically built-in platform is diversified throughout greater than 700 properties of over 14 million sq. ft positioned all through 38 totally different states. Greater than three,400 buyers have trusted ExchangeRight to handle their capital. All 55 of the corporate’s present and previous choices have met or exceeded focused money circulation distributions to buyers for the reason that firm’s founding in 2012.
ExchangeRight is a vertically built-in actual property funding agency with over $2.eight billion in property beneath administration. ExchangeRight pursues its mission to empower individuals to be safe, free, and beneficiant by offering earnings funds and 1031-exchangeable funding choices that concentrate on safe capital, secure earnings, and strategic exits. The corporate strategically acquires and manages long-term, net-leased property backed by investment-grade firms that function efficiently within the necessity-based retail and healthcare industries. For extra info, go to www.exchangeright.com.
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CONTACT: Lindsey Thompson
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL DISCOUNT/VARIETY COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY REIT
Copyright Enterprise Wire 2020.
PUB: 08/27/2020 09:00 AM/DISC: 08/27/2020 09:01 AM
Copyright Enterprise Wire 2020.