Exchangeright'S Essential Income Reit Acquires $84 Million Portfolio
09/20/23, 1:01 PM
Industry
real estate investment
commercial real estate
real estate
ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, has announced that the company's Essential Income REIT has acquired a portfolio of 15 net-leased assets, adding 231,654 square feet of net-leased property to the Essential Income REIT. This latest acquisition brings the REIT's acquired assets to 352 net-leased properties diversified across 37 national creditworthy tenants, 34 states, and 4.7 million square feet. The REIT's total acquired assets are occupied primarily by investment-grade tenants successfully operating essential businesses in recession-resilient industries, including healthcare and necessity-based retail.
Company Info
Company info
The Essential Income REIT, a Maryland statutory trust, is a self-administered real estate company, formed on January 11, 2019, focusing on investing in single-tenant, primarily investment-grade net-leased real estate. For more information, please visit the Class A website for broker-dealers, registered representatives, and their investors, or the Class I website for RIAs, advisors, family offices, institutions, and their investors. Past performance of the REIT and ExchangeRight does not guarantee future performance.