ExchangeRight has launched new Class D shares for its Essential Income REIT, specifically designed to meet the growing demand from registered investment advisors and custodial platforms seeking lower-fee, tax-efficient alternatives for client portfolios. The new Class D shares complement ExchangeRight’s ongoing efforts to simplify access and streamline the investment process across multiple distribution channels. 

The Class D shares offer one of the lowest fee structures in the industry, according to the firm, and provide a current monthly net tax-efficient income of 6.10% annualized. In addition, custodial platform integration will enable more efficient transaction processing and simplified reporting for both advisors and end-clients. 

As part of this initiative, ExchangeRight has also consolidated its Class I, D, S, and A share classes under a single Private Placement Memorandum (PPM), along with a newly consolidated webpage, making due diligence and onboarding easier for advisors and platforms. Each updated PPM now includes a unified set of subscription documents for its respective share class, reducing administrative friction and enhancing operational efficiency. 

The Essential Income REIT’s Class I shares will continue to serve larger institutional allocations, with a revised minimum investment threshold of $25 million. This change is designed to better align with institutional capital sources and support the REIT’s aggregation and acquisition strategy. Existing Class I investors are not affected by the updated minimum. 

“By simplifying documentation and expanding platform access, we’re making it even easier for advisors to connect their clients with our historically recession-resilient net-leased real estate strategy,” said Joshua Ungerecht, managing partner at ExchangeRight.