09/14/2022
Managing partner ExchangeRight Fully Subscribes its Largest DST Offering to Date
ExchangeRight, a sponsor of securitized 1031 exchanges and other real estate offerings, has fully subscribed its Net-Leased Portfolio 54 Delaware statutory trust offering, representing the firm’s largest offering to date.
According to a filing with the Securities and Exchange Commission, the private placement offering launched February 2022 and sought to raise nearly $91.2 million from accredited investors. Proceeds from the offering were used to purchase a 514,000-square-foot portfolio of 36 net-leased properties for $179 million.
The portfolio is diversified across 21 states and includes grocery, discount retail, medical, banking, and pharmacy businesses, which are leased to 14 tenants including Market 32, CVS, Dollar General, Walgreens, Tractor Supply, and Family Dollar.
https://thediwire.com/exchangeright-fully-subscribes-its-largest-dst-offering-to-date-2/
For more info on Delaware Statutory Trusts (DST), visit our website at www.MarzoCapitalGroup.com or call (888) 495-7355.
