ExchangeRight Completes $39M DST Backed by Retail, Healthcare Properties
ExchangeRight has fully subscribed Essential Income 7 DST, a $38.95 million unleveraged Delaware Statutory Trust offering backed by five net-leased properties tenanted by BioLife Plasma Services, Hobby Lobby, and Tractor Supply Company.
The portfolio totals 147,862 square feet of retail and healthcare space across Massachusetts, Michigan, Missouri, Georgia, and Texas, and offers investors a current cash flow rate of 5.50%.
The offering is part of ExchangeRight’s Essential Income DST series, designed to give investors access to the Essential Income REIT through a tax-deferred Section 721 exchange after a targeted two-year hold period. The DST is supported by a 20-year master lease guarantee from the Essential Income REIT and its operating partnership.
The Essential Income REIT currently holds a diversified portfolio of 397 properties across 37 states, with net leases backed by 40 recession-resilient tenants — the majority investment grade — as of March 31, 2026.
“The rapid subscription of Essential Income 7 DST is representative of the sustained and growing demand for our Essential Income DST series, which features offerings structured to provide investors a clearly defined path to the Essential Income REIT through a tax-deferred 721 exchange,” said Joshua Ungerecht, managing partner, ExchangeRight.
The close follows the recent full subscriptions of ExchangeRight’s $52.78 million Net-Leased All-Cash 18 DST and $58.6 million Net-Leased Portfolio 72 DST.
Pasadena-based ExchangeRight’s vertically integrated platform manages more than $7.4 billion in assets across more than 1,400 properties and 28 million square feet in 47 states as of May 31, 2026.
