Behringer Announces Successful Closure of 1031 Offering

DALLAS, June 8, 2015 /PRNewswire/ -- Behringer and its affiliated sponsor, Behringer Net Lease Advisors, LLC, have announced that National Income Properties DST III – the third in a series of multi-property Delaware statutory trust (DST) programs – is now fully committed and subscribed. 

Behringer's emerging net lease investment platform, with over $30 million under management, is structured as multi-property, net lease portfolios that offer access to real estate through fractional or sole ownership with the potential for capital preservation, appreciation, and tax-efficient, non-correlating income. Also, the company has entered an agreement to arrange and manage its most recent custom 1031 exchange, with approximately $43 million in equity.

"Uncertainty regarding the stock market, as well as low bond yields and a growing need for income-oriented investments, have created demand for tax-efficient, creditworthy, single-tenant net lease assets," says Brad Watt, Executive Vice President and Managing Director of Behringer Net Lease Advisors, LLC. "Many investors own the stocks and bonds of the companies we invest in, but now through our diversified DST and custom 1031 programs, they have the opportunity to be the landlord to some of the best retailers in the country. Our track record in this space means we will be expanding these offerings moving forward."

"We are encouraged by the ongoing success of our net lease investment platform, due largely to our institutional underwriting and portfolio management experience," says Jason Mattox, Executive Vice President and Chief Operating Officer at Behringer. "While our family of products encompasses a variety of investment types and distribution channels, each program remains singular to our mission of providing investors opportunities we believe in."

About Behringer
Behringer creates and manages real estate investments through public and private fund structures, joint ventures and separately managed accounts. The company also offers strategic advisory, asset management, tax-deferred exchange, and capital markets solutions. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call 214.655.1600 or visit behringerinvestments.com.

Jonathan Ball
Behringer
[email protected]
972.387.5403

David Nesmith
Richards Partners
[email protected]
214.891.2864

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SOURCE Behringer

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