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Exchangeright'S Essential Income Reit Acquires $84 Million Portfolio

Sep 20, 2023•about 2 years ago

Acquiring Company

ExchangeRight's Essential Income REIT

Acquired Company

84 Million Portfolio

Real Estate InvestmentCommercial Real EstateReal Estate

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.

Company Information

Company

ExchangeRight's Essential Income REIT

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed