PASADENA, California — ExchangeRight, a real estate investment firm, has acquired 13 net-leased properties through a sale-leaseback transaction with Tractor Supply Company. The properties span over 425,000 square feet and are located across nine states, including Arizona, Florida, Georgia, Indiana, Maryland, Ohio, Pennsylvania, South Carolina, and Texas. This acquisition brings ExchangeRight’s portfolio of Tractor Supply properties to more than 100 locations as of October 31, 2024.
David Fisher, a managing partner at ExchangeRight, described the company’s ongoing relationship with Tractor Supply as significant. He highlighted the retailer’s investment-grade credit rating and consistent performance in meeting lease obligations, emphasizing these factors as key to supporting ExchangeRight’s investment goals.
Sam Susanin, ExchangeRight’s director of acquisitions, noted the value of working with Tractor Supply, describing the retailer as professional and reliable. He expressed optimism about continuing the partnership.
The Chillicothe Tractor Supply location joined ExchangeRight’s portfolio in 2016, becoming part of the company’s broader investment strategy.
ExchangeRight currently manages over $6.3 billion in assets, encompassing more than 1,300 properties and 25 million square feet across 47 states. The company focuses on creating portfolios backed primarily by necessity-based retail and healthcare tenants. It provides investment opportunities targeting secure capital, stable income, and planned exits for accredited investors.