ExchangeRight Fully Subscribes $62 Million Net-Leased Portfolio 69 DST, Expanding Essential Income REIT Pipeline

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight has announced the full subscription of Net-Leased Portfolio 69 DST, reflecting continued demand for the company’s historically recession-resilient, diversified net-leased offerings that support ExchangeRight’s Essential Income REIT’s growing acquisition pipeline. The $62 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.00% covered 100% by in-place revenues from the offering. Net-Leased Portfolio 69 DST is a closed offering and is not accepting new investors.

The portfolio comprises 11 long-term net-leased properties, occupied by national tenants including Kroger, Dollar General Plus, Tractor Supply, Sherwin-Williams, and Dollar Tree. The properties span 11 markets across 8 states and 224,401 square feet, with an initial weighted-average lease term of 15 years.

As part of ExchangeRight’s aggregation strategy, Net-Leased Portfolio 69 DST is designed to be compatible with a potential future acquisition of its properties by the Essential Income REIT. Through ExchangeRight’s vertically integrated platform, the company aims to provide investors access to long-term tax-advantaged income with enhanced diversification, liquidity, and optionality. At exit, investors may have the opportunity to participate in a tax-deferred 721 exchange into the REIT, in addition to other strategic exit options including a 1031 exchange, cash-out, or a combination of these options. There is no guarantee that the DST’s or the Sponsor’s objectives, including its exit strategies, will be achieved.

“We are grateful for the continued trust from investors who are seeking stable income, capital preservation, and a tax-advantaged path to enhanced diversification,” said Warren Thomas, a managing partner at ExchangeRight. “In support of our aggregation strategy, this offering adds scale and diversification to the Essential Income REIT’s growing pipeline of carefully sourced and professionally managed necessity-based assets.” The past performance of ExchangeRight does not guarantee future performance or exit optionality.

About ExchangeRight

ExchangeRight and its affiliates’ vertically integrated platform features more than $6.6 billion in assets under management that are diversified across over 1,300 properties, and 26 million square feet throughout 47 states, as of June 30, 2025. ExchangeRight pursues its passion to empower people to be secure, free, and generous through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income, and strategic exits, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of our investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.