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.

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