ExchangeRight Expands Credit Facility by $35M

The latest increase brings the company’s total revolving credit capacity to $185 million, strengthening its liquidity position.

October 06, 2025

ExchangeRight Boosts Credit Line by $35 Million to Fuel Expansion

ExchangeRight just expanded its revolving credit facility by $35 million. This brings its total borrowing capacity to $185 million—an increase that gives the company more room to act on opportunities and manage its real estate portfolio.

The new commitment came through an agreement signed on October 3, 2025, with Synovus Bank joining as an additional lender. Wells Fargo continues to serve as administrative agent under the terms of the existing credit agreement, which dates back to May 2024. The terms of the credit facility remain unchanged. This update simply adds to what’s already in place.

To complete the arrangement, ExchangeRight issued a new Revolving Note for the full $35 million to Synovus Bank. The increase was requested by the borrower and executed under the credit agreement’s expansion provisions.

This marks the fourth increase to the facility since mid-2024. With each round, ExchangeRight has added more capacity—building a deeper credit pool it can draw from as needed. The company, which operates under the ExchangeRight Essential Income REIT brand, focuses on properties leased to tenants positioned to withstand economic shifts and e-commerce pressures.

Looking Ahead: Risk Factors and Strategic Use

The filing also outlines key risks the company continues to monitor. These include lease turnover, interest rate fluctuations, and maintaining REIT tax status. Market conditions and tenant performance may also affect future results. Forward-looking statements in the filing are subject to uncertainty and depend on a range of external factors.

Still, this latest credit increase gives ExchangeRight more tools to act on its growth strategy. Whether deploying capital toward new acquisitions or managing working capital, the expanded facility provides added flexibility.

It also reflects continued alignment between ExchangeRight and its lending partners. With multiple financial institutions now contributing to the facility, the company appears to be keeping pace with its capital needs as its platform grows.