Fully subscribed
ExchangeRight announced that its Net-Leased Portfolio 67 DST was fully subscribed by investors. The $81.57 million offering features 371,430 square feet of real estate leased to national tenants successfully operating in necessity-based industries.
The portfolio is structured to provide monthly distributions with a current annualized rate of 5.00%. The DST was launched with a 41.10% loan-to-value and non-recourse interest-only financing at a fixed rate over a 5-year term.
The offering contains 8 properties diversified across 5 states and 7 historically recession-resilient tenants, including FedEx, Tractor Supply, BJC HealthCare, Metro Market, Bank of America, and Dollar Tree.
STORE Capital 10-K filing
Net lease REIT STORE Capital LLC, formerly listed and now owned by affiliates of GIC and funds managed by Blue Owl Capital, released its FY2024 Form 10-K.
At year-end, the REIT’s investment portfolio stood at approximately $15.7 billion, consisting of investments in 3,312 property locations.
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