ExchangeRight, one of the nation’s leading providers of diversified REIT and DST investments, has announced that the company has fully subscribed its first offering in ExchangeRight’s new Essential Income DST platform. Essential Income 1 DST is designed to provide investors with accelerated access to the Essential Income REIT, through a tax-deferred 721 exchange, after a targeted two-year hold period. Essential Income 1 DST is a closed offering and is not accepting new investors.
The $25.21 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity-based industries, also provides investors with monthly distributions at a current rate of 5.00%, covered entirely by in-place rents. The offering consists of 13 net-leased properties tenanted by Dollar General, NAPA Auto Parts, Family Dollar, and Dollar Tree. The portfolio’s properties span 12 markets across 4 states, comprising 124,315 square feet of essential, necessity-based retail space.
“We launched the Essential Income DST platform to provide investors with new accelerated access to ExchangeRight’s Essential Income REIT, which is designed to provide investors with increased diversification, enhanced liquidity, and long-term growth potential,” said Joshua Ungerecht, a managing partner at ExchangeRight. “We are grateful for the trust that investors, representatives, and advisors have placed in the first offering of our new Essential Income DST series as we continue to develop new ways of investing in diversified portfolios of historically recession-resilient real estate to meet the particular needs of investors.” The past performance of ExchangeRight does not guarantee future performance.
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