Dakota Research Podcast

Inside ExchangeRight’s $6.6B Net Lease & 1031 Real Estate Strategy

Dakota Team

In this Dakota Research Interview, Chris LeRoy and Alex DeMarco sit down with Warren Thomas, Co-Founder and Managing Partner of ExchangeRight, to explore how the firm built a $6.6B real estate platform focused on 1031 exchanges and net lease investing. Warren shares how ExchangeRight has never missed a rent payment across 1,350+ properties, and how the team delivers bond-like, recession-resilient income through portfolios of essential businesses like FedEx, Kroger, and Fresenius. From tax deferral strategies and estate planning advantages to vertical integration and long-term tenant stability, this episode offers deep insight into how ExchangeRight helps investors exit active property management while maximizing income and downside protection. Warren also shares his outlook on interest rates, cap rates, and the future of net lease and multifamily.


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