PASADENA, Calif.--(BUSINESS WIRE)--Apr 29, 2025--
ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced that demand for the company’s historically recession-resilient debt-free offerings has driven the full subscription of Net-Leased All-Cash 8 DST. The $23.38 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity retail, provides investors with monthly distributions at a current rate of 5.20% covered 100% by in-place revenues from the offering. Net-Leased All-Cash 8 DST is a closed offering and is not accepting new investors.
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Net-Leased All-Cash 8 DST features long-term net-leased properties tenanted by Daybreak Market & Fuel, Tractor Supply, and Dollar Tree, with an initial weighted-average lease term of 18.9 years. The portfolio’s properties span 34,217 square feet and are located in Florida, Texas, and Indiana.
The Net-Leased All-Cash 8 DST exit strategy is structured to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 or 721 exchange, cash out, or any combination of these options at exit. Pending successful future financing, ExchangeRight anticipates investors may be able to receive a lump sum payment of 20–30% of their initial investment through a tax-deferred cash-out financing, with the possibility of a later 721 exchange of the 70–80% non-financed equity. There is no guarantee that the DST’s objectives, including its exit strategies and future financing, will be achieved.
“We are grateful for the continued confidence investors place in ExchangeRight’s conservative investment strategy,” said Warren Thomas, managing partner at ExchangeRight. “The successful subscription of this All-Cash offering underscores the persistent demand for investments anchored by historically recession-resilient tenants. We remain committed to delivering on our strategy to provide stable monthly income, capital preservation, and investor-focused exit options.” The past performance of ExchangeRight does not guarantee future performance or exit optionality.
About ExchangeRight
ExchangeRight’s and its affiliates’ vertically integrated platform features more than $6.4 billion in assets under management that are diversified across over 1,300 properties, and 25 million square feet throughout 47 states, as of March 31, 2025. ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios to accredited investors that target secure capital, stable income, and strategic exits. All of ExchangeRight’s offerings have historically met or exceeded their return objectives since ExchangeRight’s inception. On behalf of more than 9,000 investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. “Investment-grade” applies to tenants whose long-term corporate debt rating is considered investment grade by Standard & Poor’s, Moody’s, and/or Fitch. An investment-grade rating is a rating that indicates that a corporate bond has a relatively lower risk of default than a corporate bond with a speculative grade. Please visit www.exchangeright.com for more information.
PASADENA, Calif. — Tenants occupying ExchangeRight's closed Net-Leased All-Cash 8 DST (Tuesday, April 29, 2025).
ORCHARD PARK, N.Y. (AP) — Buffalo Bills fans arrived early and lingered long after the game ended to bid what could be farewell to their long-time home stadium filled with 53 years of memories — and often piles of snow.
After singing along together to The Killers' “Mr. Brightside” in the closing minutes of a 35-8 victory against the New York Jets, most everyone in the crowd of 70,944 remained in their seats to bask in the glow of fireworks as Louis Armstrong's "What A Wonderful World” played over the stadium speakers.
Several players stopped in the end zone to watch a retrospective video, with the Buffalo-based Goo Goo Dolls’ “Iris” as the soundtrack while fans recorded selfie videos of the celebratory scene. Offensive lineman Alec Anderson even jumped into the crowd to pose for pictures before leaving the field.
With the Bills (12-5), the AFC's 6th seed, opening the playoffs at Jacksonville in the wild-card round next week, there's but a slim chance they'll play at their old home again. Next season, Buffalo is set to move into its new $1.2 billion facility being built across the street.
The farewell game evoked “a lifetime of memories,” said Therese Forton-Barnes, selected the team’s Fan of the Year, before the Bills kicked of their regular-season finale. “In our culture that we know and love, we can bond together from that experience. Our love for this team, our love for this city, have branched from those roots.”
Forton-Barnes, a past president of the Greater Buffalo Sports Hall of Fame, attended Bills games as a child at the old War Memorial Stadium in downtown Buffalo, colloquially known as “The Rockpile.” She has been a season ticket holder since Jim Kelly joined the Bills in 1986 at what was then Rich Stadium, later renamed for the team’s founding owner Ralph Wilson, and then corporate sponsors New Era and Highmark.
“I’ve been to over 350 games,” she said. “Today we’re here to cherish and celebrate the past, present and future. We have so many memories that you can’t erase at Rich Stadium, The Ralph, and now Highmark. Forever we will hold these memories when we move across the street.”
There was a celebratory mood to the day, with fans arriving early. Cars lined Abbott Road some 90 minutes before the stadium lots opened for a game the Bills rested most of their starters, with a brisk wind blowing in off of nearby Lake Erie and with temperatures dipping into the low 20s.
And most were in their seats when Bills owner Terry Pegula thanked fans and stadium workers in a pregame address.
With Buffalo leading 21-0 at halftime, many fans stayed in their seats as Kelly and fellow Pro Football Hall of Famer Andre Reed addressed them from the field, and the team played a video message from 100-year-old Hall of Fame coach Marv Levy.
“The fans have been unbelievable,” said Jack Hofstetter, a ticket-taker since the stadium opened in 1973 who was presented with Super Bowl tickets before Sunday’s game by Highmark Blue Cross Blue Shield. “I was a kid making 8 bucks a game back in those days. I got to see all the sports, ushering in the stadium and taking tickets later on. All the memories, it’s been fantastic.”
Bud Light commemorated the stadium finale and Bills fan culture with the release of a special-edition beer brewed with melted snow shoveled out of the stadium earlier this season.
In what has become a winter tradition at the stadium, fans were hired to clear the stands after a lake-effect storm dropped more than a foot of snow on the region this week.
The few remaining shovelers were still present clearing the pathways and end zone stands of snow some five hours before kickoff. The new stadium won’t require as many shovelers, with the field heated and with more than two-thirds of the 60,000-plus seats covered by a curved roof overhang.
Fears of fans rushing the field were abated with large contingent of security personnel and backed by New York State troopers began lining the field during the final 2-minute warning.
Fans stayed in the stands, singing along to the music, with many lingering to take one last glimpse inside the stadium where the scoreboard broadcast one last message:
“Thank You, Bills Mafia.”
AP Sports Writer John Wawrow contributed.
AP NFL: https://apnews.com/hub/nfl
Fans watch a ceremony after the Buffalo Bills beat the New York Jets in the Bills' final regular-season NFL football home game in Highmark Stadium Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Adrian Kraus)
Buffalo Bills cornerback Tre'Davious White (27) remains on the field to watch a tribute video after the Bills beat the New York Jets in the Bills' final regular-season NFL football home game in Highmark Stadium Sunday, Jan. 4, 2026, in Orchard Park, N.Y.(AP Photo/Adrian Kraus)
Fans watch a ceremony after the Buffalo Bills beat the New York Jets in the Bills' final regular-season NFL football home game in Highmark Stadium Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Adrian Kraus)
Fans celebrate after the Buffalo Bills scored a touchdown during the first half of an NFL football game against the New York Jets, Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Carolyn Kaster)
Fans celebrate and throw snow in the stands after an NFL football game between the Buffalo Bills and the New York Jets, Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Carolyn Kaster)
Aga Deters, right, and her husband Fred Deters, walk near Highmark Stadium before an NFL football game between the Buffalo Bills and the New York Jets, Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Carolyn Kaster)
Michael Wygant shoves snow from a tunnel before an NFL football game between the Buffalo Bills and the New York Jets at Highmark Stadium, Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Carolyn Kaster)
Buffalo Bills offensive tackle Alec Anderson (70) spikes the ball after running back Ty Johnson scored a touchdown against the New York Jets in the first half of an NFL football game Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Seth Wenig)
FILE - The existing Highmark Stadium, foreground, frames the construction on the new Highmark Stadium, upper right, which is scheduled to open with the 2026 season, shown before an NFL football game between the Buffalo Bills and the New England Patriots, Oct. 5, 2025, in Orchard Park, N.Y. (AP Photo/Gene J. Puskar, File)
Salt crew member Jim Earl sprinkles salt in the upper deck before an NFL football game between the Buffalo Bills and the New York Jets at Highmark Stadium, Sunday, Jan. 4, 2026, in Orchard Park, N.Y. (AP Photo/Carolyn Kaster)
