Full Subscription of ExchangeRight All-Cash 15 DST Adds to Acquisition Pipeline for Essential Income REIT

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight has announced the full subscription of Net-Leased All-Cash 15 DST, adding to the growing acquisition pipeline for ExchangeRight’s Essential Income REIT. The $25 million portfolio of net-leased real estate, backed by primarily investment-grade tenants operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.20% covered entirely by in-place revenues from the offering. Net-Leased All-Cash 15 DST is a closed offering and is not accepting new investors.

The offering consists of five long-term net-leased properties tenanted by Hobby Lobby, Dollar Tree, Napa Auto Parts, Dollar General, and Dollar General Market, with an initial weighted-average lease term of 13.4 years. The portfolio’s properties span 103,367 square feet across Texas, Iowa, North Carolina, and Louisiana.

The Net-Leased All-Cash 15 DST exit strategy is structured to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 exchange, a 721 exchange into the Essential Income REIT, cash out, or any combination of these options at exit. Pending successful future financing, the company intends to provide investors with the option to receive a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, and a tax-deferred 721 exchange of the approximately 80% non-financed equity into the Essential Income REIT. There is no guarantee that the DST’s objectives, including its exit strategies, will be achieved.

“We continue to design 100% equity offerings built for stability and long-term growth, guided by our investor-centric approach,” said Joshua Ungerecht, managing partner at ExchangeRight. “Our All-Cash DST portfolios are structured to meet investors’ needs while providing tax-deferred access and increasing diversification for our best-in-class REIT platform.” 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 $6.9 billion in assets under management that are diversified across over 1,400 properties, and 27 million square feet throughout 48 states, as of October 31, 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 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.