ExchangeRight Fully Subscribes $23.38M Net-Leased DST Offering
ExchangeRight has fully subscribed its $23.38 million Net-Leased All-Cash 8 DST offering, which is now closed to new investors. The portfolio includes properties leased to Daybreak Market & Fuel, Tractor Supply, and Dollar Tree, totaling 34,217 square feet across Florida, Texas, and Indiana.
This debt-free offering delivers monthly distributions at a 5.20% rate, fully supported by in-place revenues, with an initial weighted-average lease term of 18.9 years.
The exit strategy offers investors a tax-deferred cash-out financing option, alongside opportunities for a 1031 or 721 exchange, cash-out, or a combination of these at exit.
Subject to successful future financing, ExchangeRight projects investors could receive a tax-deferred lump sum of 20% to 30% of their initial investment via cash-out financing, with the potential for a subsequent 721 exchange of the remaining 70% to 80% non-financed equity.
“The successful subscription of this All-Cash offering underscores the persistent demand for investments anchored by historically recession-resilient tenants,” said Warren Thomas, managing partner at ExchangeRight.
Earlier this month, ExchangeRight announced it fully subscribed its $28.49 million Net-Leased All-Cash 10 DST offering. In March, the firm announced it fully subscribed its $81.57 million 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 company announced the completion of its 34th full-cycle event with the acquisition of Net-Leased Portfolio 28 DST’s 23-property portfolio by the company’s Essential Income REIT.
Pasadena-based ExchangeRight’s and its affiliates’ vertically integrated platform features more than $6.4 billion in assets under management across over 1,300 properties, and 25 million square feet throughout 47 states, as of March 31, 2025.
