$90.67M Net-Leased Portfolio Fully Subscribed by ExchangeRight
Event summary
- $90.67M Net-Leased Portfolio 73 DST fully subscribed by ExchangeRight.
- Portfolio includes 11 properties with weighted-average lease term of 13.8 years.
- $39.75M in non-recourse debt at 43.84% loan-to-value ratio.
- Tenants include Tractor Supply Company, Hobby Lobby, and Dollar General.
- Offering designed for potential future acquisition by Essential Income REIT.
The big picture
ExchangeRight's full subscription of Net-Leased Portfolio 73 DST underscores a strategic focus on necessity-based, investment-grade tenants amid market volatility. The $90.67M portfolio reflects broader industry trends toward stable income and risk mitigation through long-term net leases. With over $7.5B in AUM across 1,400 properties, ExchangeRight continues to position itself as a key player in the 1031 DST and REIT investment space.
What we're watching
- Exit Strategy Viability
- Whether the structured exit options, including potential acquisition by Essential Income REIT, will materialize as planned.
- Market Resilience
- How the necessity-based tenants' recession-resilient nature will perform in potential economic downturns.
- Investor Demand
- The pace at which ExchangeRight can fully subscribe future portfolios given the current market conditions.