{"id":1004674189,"date":"2023-07-31T04:19:20","date_gmt":"2023-07-31T12:19:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004674189"},"modified":"2023-08-01T00:56:17","modified_gmt":"2023-08-01T08:56:17","slug":"exchangeright-fully-subscribes-98m-net-leased-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/","title":{"rendered":"ExchangeRight Wraps $98M Net Lease Offering"},"content":{"rendered":"
\"Warren<\/a>

Warren Thomas, Managing Partner, ExchangeRight. Image courtesy of ExchangeRight<\/em><\/p><\/div>\n

ExchangeRight<\/strong> has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet and is net-leased to grocery, pharmacy, medical and other necessity-based national tenants operating essential businesses.<\/p>\n

Net-Leased Portfolio 59 (\u201cNLP 59\u201d) contains 15 properties in 15 markets diversified across 11 states and seven historically recession-resilient tenants: Mariano\u2019s, Walgreens, CVS Pharmacy, Dollar General, Dollar Tree, Tractor Supply and Fresenius Medical Care.<\/p>\n

The portfolio was launched with a weighted-average lease term of 11.4 years and a 36.61 percent loan-to-value utilizing five-year non-recourse interest-only financing. The portfolio reportedly has been structured to provide investors with monthly distributions starting at an annualized rate of 4.80 percent.<\/p>\n

\n

READ ALSO<\/strong>: Florida Offers Net Lease Investors More Than Population Growth<\/a><\/p>\n

\n

NLP 59 is designed to focus on tenants and industries that have been historically resistant to economic downturns and have the potential to provide steady monthly distributions, no matter the economic environment, Warren Thomas, a managing partner at ExchangeRight, explained in a prepared statement. \u201cNow is the time when investors need stable, passive income,\u201d he added.<\/p>\n

Retail resilience<\/h2>\n

ExchangeRight is a leading provider of diversified real estate DST and REIT investments. It and its affiliates\u2019 vertically integrated platform features more than $5.6 billion in assets under management that are diversified across over 1,200 properties, and 22 million square feet throughout 47 states.<\/p>\n

\"Tenants<\/a>

Tenants of ExchangeRight’s fully subscribed net-leased portfolio 59 DST. Image courtesy of ExchangeRight<\/em><\/p><\/div>\n

It was less than a year ago that ExchangeRight fully subscribed<\/a> its Net-Leased Portfolio 53 DST at $176.3 million, which was the company\u2019s largest 1031-eligible investment offering to date. That portfolio comprised 25 assets located across 18 states and totaling more than 1.6 million square feet.<\/p>\n

In May, Alex Sharrin, senior managing director at JLL Capital Markets<\/strong>, described for Commercial Property Executive<\/em><\/a> how the retail portion of the net-lease sector \u201ccontinues to draw private purchasers and 1031 buyers seeking these assets as an alternative to their fixed-income (equity) portfolios at a leverage neutral or slightly positive return.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Spread across 11 states, the assets host historically recession-resilient tenants.<\/p>\n","protected":false},"author":882,"featured_media":1004674198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21754,23891,21742,21749],"tags":[35554,35660,51644,35318,44006,33839],"class_list":["post-1004674189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-medical-office","category-national","category-latest","category-retail","tag-cvs-pharmacy","tag-dollar-general","tag-exchangeright","tag-fresenius-medical-care","tag-jll-capital-markets","tag-walgreens"],"acf":[],"yoast_head":"\nExchangeRight Wraps $98M Net Lease Offering - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ExchangeRight Wraps $98M Net Lease Offering\" \/>\n<meta property=\"og:description\" content=\"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-31T12:19:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-01T08:56:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"797\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/\",\"name\":\"ExchangeRight Wraps $98M Net Lease Offering - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg\",\"datePublished\":\"2023-07-31T12:19:20+00:00\",\"dateModified\":\"2023-08-01T08:56:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg\",\"width\":797,\"height\":600,\"caption\":\"Tenants of ExchangeRight's fully subscribed net-leased portfolio 59 DST. Image courtesy of ExchangeRight\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ExchangeRight Wraps $98M Net Lease Offering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ExchangeRight Wraps $98M Net Lease Offering - Commercial Property Executive","description":"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"ExchangeRight Wraps $98M Net Lease Offering","og_description":"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-07-31T12:19:20+00:00","article_modified_time":"2023-08-01T08:56:17+00:00","og_image":[{"width":797,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/","name":"ExchangeRight Wraps $98M Net Lease Offering - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg","datePublished":"2023-07-31T12:19:20+00:00","dateModified":"2023-08-01T08:56:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"ExchangeRight has fully subscribed its Net-Leased Portfolio 59 DST, a $98.3 million offering that totals 261,644 square feet.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg","width":797,"height":600,"caption":"Tenants of ExchangeRight's fully subscribed net-leased portfolio 59 DST. Image courtesy of ExchangeRight"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/exchangeright-fully-subscribes-98m-net-leased-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"ExchangeRight Wraps $98M Net Lease Offering"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/ExchangeRight.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004674189"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674189\/revisions"}],"predecessor-version":[{"id":1004674341,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674189\/revisions\/1004674341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004674198"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004674189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004674189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004674189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}