ExchangeRight Fully Subscribes $18.3M Texas, Pennsylvania All-Cash DST 

ExchangeRight has fully subscribed its $18.33 million All-Cash 5 DST offering, which features four net-leased properties spanning just over 84,000 square feet in Texas and Pennsylvania with tenants GIANT Company, Dollar General, and Dollar Tree.  

The DST provides monthly distributions starting at an annualized rate of 5.30% covered 100% by in-place revenues from the offering. The offering is closed and not accepting new investors. 

The All-Cash 5 DST exit strategy aims to provide investors a tax-deferred cash-out financing option, along with the potential to complete a 1031 or 721 exchange, cash out, or any combination of these options.  

The company anticipates investors may be able to receive part of their initial investment through a tax-deferred cash-out financing, with the possibility of a later 721 exchange of non-financed equity. 

“Like all of our offerings, this portfolio is designed to protect investors’ capital to ensure their peace of mind through all economic cycles, including recessions and economic crises,” said Joshua Ungerecht, a managing partner at ExchangeRight. 

In September, the Pasadena-based company announced it fully subscribed its $22.9 million All-Cash 4 DST offering. The DST features net-leased properties tenanted by Daybreak Market and Fuel, Tractor Supply, and Dollar Tree. That same month, the company announced that its $107 million Net-Leased Portfolio 66 DST was fully subscribed.  

In August, it announced it fully subscribed both its Net-Leased Portfolio 65 DST, an $82.3 million offering, and its All-Cash 3 DST, a $16.36 million offering.    

ExchangeRight and its affiliates’ vertically integrated platform features more than $6.3 billion in assets under management across more than 1,300 properties, and 25 million square feet throughout 47 states, as of October 31.