ExchangeRight’s $15.4M Essential Income 8 DST Sells Out
ExhcangeRight’s Essential Income 8 DST has been fully subscribed, raising $15.38 million in equity from a 100% debt-free offering backed by five net-leased properties tenanted by AutoZone, Dollar General, Dollar General Market, and Tractor Supply Company.
The 57,813-square-foot portfolio spans Alabama, Arkansas, Pennsylvania, and West Virginia and carries a current cash flow rate of 5.50%. The offering is closed and no longer accepting investors.
The DST is supported by a 20-year master lease guarantee from ExchangeRight’s Essential Income REIT and its operating partnership. After approximately two years, investors are structured to receive a tax-deferred exit via Section 721 exchange into the Essential Income REIT — gaining access to the REIT’s monthly income distributions, broader diversification across 436 properties in 38 states, and enhanced liquidity and estate planning advantages.
“This offering provides investors with a clear two-year runway toward the REIT’s growing base of broadly diversified, income-producing real estate, along with the enhanced liquidity and estate planning advantages that come with it,” Joshua Ungerecht, managing partner, ExchangeRight, said.
The close extends the Pasadena-based firm’s consecutive fully subscribed streak, following Net-Leased Portfolio 73, Essential Income 7, Net-Leased All-Cash 18, and Net-Leased Portfolio 72. The firm’s vertically integrated platform now oversees more than $7.5 billion in assets across more than 1,400 properties in 47 states.
Connect Money is spotlighting rising stars who have made a valuable contribution to the alternative investments industry. Based on your nomination, we will recognize professionals who have significantly influenced both the workplace and community. The deadline is September 9. Click here to submit your nominations and help us highlight the next generation of leaders.
