ExchangeRight Expands Portfolio with 13 New Properties
ExchangeRight's Strategic Acquisition of Net-Leased Properties
ExchangeRight has made a significant move by acquiring 13 net-leased properties in a notable sale-leaseback transaction with Tractor Supply. These properties combine to cover over 425,000 square feet and bolster ExchangeRight's presence in the retail sector. This acquisition brings their total portfolio of net leased properties with Tractor Supply to over 100 assets.
Enhancing the Portfolio Across Multiple States
The newly acquired properties span a range of locations, including areas across several states. This strategic move not only diversifies ExchangeRight's portfolio but also adds stability. The company focuses on properties that deliver consistent income and have a proven track record of success, which are key aspects investors are keen to see.
Tractor Supply’s Reliability
Tractor Supply has established itself as a solid tenant for ExchangeRight. With an investment-grade credit rating assigned by S&P, it stands out as a stable and trustworthy partner in the lease agreement. As David Fisher, a managing partner at ExchangeRight, noted, Tractor Supply has consistently met its lease obligations, positively impacting investor confidence.
Strengthening Partnerships for Future Growth
On behalf of ExchangeRight, Sam Susanin, the director of acquisitions, expressed confidence in the longstanding partnership with Tractor Supply. The collaboration has led to successful acquisitions, which will further enhance ExchangeRight’s offerings. Susanin emphasized the professionalism of the Tractor Supply team and the mutual respect cultivated over years of working together.
The Vision of ExchangeRight
ExchangeRight is dedicated to empowering its investors by providing REIT and 1031 DST portfolios that emphasize secure capital, stable income, and strategic exits. Their unique approach has led to the successful management of a vast array of properties, which are primarily backed by corporations operating in necessity-based retail and healthcare segments.
A Look at ExchangeRight's Growth
As of recently, ExchangeRight is managing more than $6.3 billion in assets across a network of over 1,300 properties, totaling approximately 25 million square feet. This substantial growth reflects the company’s strategic acquisitions and its commitment to reliability and quality in its tenant relationships.
Investment Strategies that Work
ExchangeRight has a strong history of meeting or exceeding return objectives since its inception. With its extensive range of properties, the company is well-positioned to continue offering attractive opportunities for accredited investors across the nation.
About ExchangeRight
For anyone interested in the real estate investment landscape, ExchangeRight presents a robust option focused on safety and growth. Their dedication to managing net-leased portfolios for more than 8,700 investors signifies their strong presence and trust in the market.
Frequently Asked Questions
What recent acquisition did ExchangeRight announce?
ExchangeRight announced the acquisition of 13 net-leased properties from Tractor Supply.
How many properties does ExchangeRight now have leased to Tractor Supply?
With the latest acquisition, ExchangeRight now holds over 100 properties leased to Tractor Supply.
What qualities does ExchangeRight look for in tenants?
ExchangeRight seeks tenants with strong financial ratings, stability, and reliability in meeting lease obligations.
What is the current asset management value of ExchangeRight?
ExchangeRight manages over $6.3 billion in assets as of the latest update.
How does ExchangeRight ensure investor security?
ExchangeRight provides REIT and 1031 DST portfolios to accredited investors focused on secure capital and stable income.
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