Acquiring Company
ExchangeRight's Essential Income REIT
Acquired Company
84 Million Portfolio
Description
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.
Quick answer
ExchangeRight's Essential Income REIT is acquiring 84 Million Portfolio for $84 million, announced September 20, 2023.
- How much did ExchangeRight's Essential Income REIT pay for 84 Million Portfolio?
- The reported deal value is $84 million.
- What does ExchangeRight's Essential Income REIT do?
- 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.
Source: Fundz verified event record.
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- Two Harbors Investment Corp. Announces Closing Of Acquisition Of Roundpoint Mortgage Servicing Llc (October 2, 2023)
- Prereal™ Investments Completes Landmark Purchase (September 18, 2023)
Who to call at ExchangeRight's Essential Income REIT, and when
When ExchangeRight's Essential Income REIT changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day ExchangeRight's Essential Income REIT raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ExchangeRight's Essential Income REIT, from your own LinkedIn network
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Frequently asked
Who acquired 84 Million Portfolio?
84 Million Portfolio was acquired by ExchangeRight's Essential Income REIT. The deal was reported on September 20, 2023. 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. ExchangeRight's Essential Income REIT is privately held and operates in Real Estate.
When did ExchangeRight's Essential Income REIT acquire 84 Million Portfolio?
ExchangeRight's Essential Income REIT's acquisition of 84 Million Portfolio was reported on September 20, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 84 Million Portfolio do?
84 Million Portfolio is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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