August 14, 2019 Comments Off on ExchangeRight Becomes Nation’s Second Largest 1031 Sponsor Views: 670 California News, National News, West

ExchangeRight Becomes Nation’s Second Largest 1031 Sponsor

Pasadena, CA-based ExchangeRight has emerged as the nation’s second largest sponsor of securitized 1031-exchangeable real estate investments, according to a report from Mountain Dell Consulting. The company has acquired more than $340 million of assets on behalf of investors for the year-to-date period ending July 31, and now stewards over $2.1 billion in total assets under management together with its affiliates.

ExchangeRight’s Warren Thomas says, “We are thrilled by this milestone. Just over seven years ago, ExchangeRight brought out its very first offering, and now we stand in second place in our industry. We continue to grow at an impressive pace. Our 2018 sales grew 35.1% year-over-year, and our production for 2019 is on pace to grow at a similar rate.”

The company syndicates aggregated offerings for 1031 and cash investors, consisting of long-term, net-leased properties. Its portfolio encompasses more than 600 properties totaling in excess of 14 million square feet in 38 states.

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