ExchangeRight Fully Subscribes $62M Net-Leased Portfolio 69 DST
ExchangeRight has announced the full subscription of its $62 million Net-Leased Portfolio 69 DST, a diversified portfolio of long-term net-leased properties occupied by primarily investment-grade, necessity-based retailers. The offering is now closed and no longer accepting new investors.
The portfolio includes 11 properties totaling over 224,000 square feet across 11 markets in eight states, with national tenants such as Kroger, Dollar General Plus, Tractor Supply, Sherwin-Williams, and Dollar Tree. These properties are anchored by an initial weighted-average lease term of 15 years, delivering monthly distributions at a current annualized rate of 5.00%, fully covered by in-place rental income.
Consistent with ExchangeRight’s aggregation strategy, Portfolio 69 is designed for eventual compatibility with the Essential Income REIT, offering investors the potential to transition into a 721 exchange, a 1031 exchange, or receive a cash-out option at exit.
“We are grateful for the continued trust from investors who are seeking stable income, capital preservation, and a tax-advantaged path to enhanced diversification,” said Warren Thomas, managing partner at ExchangeRight.
The firm has demonstrated strong momentum in 2025, with multiple offerings reaching full subscription. These include $111.01 million Net-Leased Portfolio 68 DST, $25.21 million Essential Income 1 DST, $23.38M Net-Leased All-Cash 8 DST, $28.49M All-Cash 10 DST, and $81.57M Net-Leased Portfolio 67 DST. Earlier in the year, the $23.26 million All-Cash 6 DST offering also reached full subscription.
