Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified DST and REIT real estate investments, announced that investors have fully subscribed to its Net-Leased Portfolio 65 DST, an $82.28 million offering with 416,735 square feet of national tenants in need-based industries. The portfolio is structured to provide monthly distributions at a current annualized rate of 5.00%.
The DST includes 13 properties in 10 states and five historically recession-resistant tenants, including FedEx, Tractor Supply, Dollar General, Dollar Tree and Family Dollar. The offering launched with a loan-to-value ratio of 40.23% and interest-free, non-recourse financing at a fixed rate of 5.82% over a 5-year term.
“We continue to work with agents and advisors to provide offerings structured to preserve their clients’ capital and provide them with stable, passive income even during economic volatility,” said Joshua Ungerecht, Managing Partner of ExchangeRight. “As more investors move from active to passive real estate investing, we are pleased to be able to meet this need with a 1031 compliant offering to protect investors.”
