ExchangeRight REIT Increases Credit Facility, More Than Tripling Lender Commitments
ExchangeRight, one of the nation’s leading providers of diversified REIT and DST investments, has announced that the committed capacity for the Essential Income REIT’s revolving line of credit has increased from $185 million to $600 million, in keeping with the REIT’s continued growth. Wells Fargo serves as the lead arranger of the Credit Facility, with Fifth Third Bank, KeyBanc Capital Markets, and Truist Bank as joint lead arrangers, and including Synovus, First Horizon Bank, and Renasant Bank as additional lending participants.
