ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced that demand for the company’s historically recession-resilient debt-free offerings has driven the full subscription of Net-Leased All-Cash 10 DST.
The USD 28.49 million portfolio of net-leased real estate provides investors with monthly distributions at a current rate of 5.20% covered 100% by in-place revenues from the offering. Net-Leased All-Cash 10 DST is a closed offering and is not accepting new investors.
Net-Leased All-Cash 10 DST had an initial weighted-average lease term of 14.7 years, and the offering comprises five properties leased to national, primarily investment-grade tenants operating in recession-resilient, necessity-based industries. The portfolio’s tenants include Tractor Supply, Dollar Tree, Hobby Lobby, and Dollar General Market. These properties are located across Texas and Arizona, together spanning 124,641 square feet.
The DST’s exit strategy is aligned with ExchangeRight’s aggregation strategy, designed to optimize value and liquidity options for investors while providing access to the company’s REIT platform. At exit, investors may have the opportunity to engage in a subsequent 1031 exchange, participate in a tax-deferred cash-out financing, exchange their DST interests for REIT partnership units via a 721 exchange, cash out on a non-tax-deferred basis, or a combination of these strategies. There is no guarantee that the DST’s objectives, including its exit options and future financing, will be achieved.
“The successful subscription of the Net-Leased All-Cash 10 DST highlights investor trust in ExchangeRight’s disciplined approach to asset selection, which focuses on stability, income security, and strategic exit options for our investors,” said Warren Thomas, managing partner of ExchangeRight. “We remain committed to delivering on our mission to empower investors to be secure, free, and generous.” The past performance of ExchangeRight does not guarantee future performance. The DST’s objectives and exit options are not guaranteed.
