ExchangeRight Fully Subscribes Inaugural $25.2M Essential Income DST Offering 

ExchangeRight has fully subscribed its first offering under the newly launched Essential Income DST platform. The $25.21 million Essential Income 1 DST is now closed to new investors and was designed to provide accelerated access to the firm’s Essential Income REIT through a tax-deferred 721 exchange after a targeted two-year hold period. 

The offering includes a portfolio of 13 net-leased retail properties backed by tenants such as Dollar General, NAPA Auto Parts, Family Dollar, and Dollar Tree. Spanning 124,315 square feet across 12 markets in four states, the assets are occupied by companies operating in necessity-driven industries and are primarily investment-grade. The portfolio delivers monthly distributions at a 5.00% current rate, fully supported by in-place rents. 

“We are grateful for the trust that investors, representatives, and advisors have placed in the first offering of our new Essential Income DST series,” said Joshua Ungerecht, managing partner at ExchangeRight. “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 launch follows a series of fully subscribed offerings this year, including the $23.38M Net-Leased All-Cash 8 DST, $28.49M All-Cash 10 DST, and $81.57M Net-Leased Portfolio 67 DST. In February, it announced that its $23.26 million All-Cash 6 DST offering had been fully subscribed. In December, the firm completed its 34th full-cycle event with the Essential Income REIT acquiring a 23-property portfolio from Net-Leased Portfolio 28 DST. 

Based in Pasadena, ExchangeRight and its affiliates manage over $6.5 billion in assets diversified across more than 1,300 properties and 25 million square feet in 47 states as of April 30, 2025.