ExchangeRight Net Leased Portfolio 11 DST went full cycle on August 31, 2022, when the offering's net-leased real estate was sold.
ExchangeRight reports the offering produced a 6.82% average annualized return, as reported by the sponsor in its Full Cycle Returns disclosure. The offering's original Form D, filed December 1, 2015, recorded its size and minimum but no return; the reported figure is the sponsor's own.
Original terms | |
|---|---|
Sponsor | ExchangeRight |
Asset class | Commercial |
Exemption | 506(b) |
Offering ceiling | $24,070,000 |
Minimum investment | $100,000 |
The sale fell within a year in which ExchangeRight reported completing ten full-cycle events, describing sales of its net-leased portfolio DSTs to acquiring net-leased REITs, with investors offered cash, 1031, or 721 exchange options. The disposition added to the sponsor's cumulative full-cycle record.
The public record shows the sale date and the sponsor's reported return. It does not state a sale price, a total return, or an equity multiple.