News summary · News
ExchangeRight REIT Completes Two More Sponsor DST Acquisitions
AltsWire reports that ExchangeRight Essential Income REIT completed acquisitions of Net-Leased Portfolio 51 and 53, two sponsor DST portfolios fully subscribed in 2022. The original offerings involved 24 properties in 13 states and 25 properties in 18 states, respectively.
New operating-partnership unit series were used for the acquisitions. The report says these units have no redemption rights unless granted by the REIT. ExchangeRight's managing partner said the transactions preserved at least investors' original invested value at closing; that is the sponsor's statement and does not mean investors received equivalent cash proceeds.
Research considerations
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