ExchangeRight Fully Subscribes $52.78 Million Net-Leased All-Cash 18 DST

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced the full subscription of Net-Leased All-Cash 18 DST. The $52.78 million debt-free offering is designed to provide 1031 exchange and cash investors stable monthly distributions at a current annualized rate of 5.15% that is covered entirely by in-place lease revenue. Net-Leased All-Cash 18 DST is a closed offering and is not accepting new investors.

The unleveraged offering features a diversified portfolio of net-leased real estate backed by historically recession-resilient tenants in necessity-based industries, including six properties leased to BioLife Plasma Services and Tractor Supply Company, with an initial weighted-average lease term of 12.0 years. The properties total 110,430 square feet and are located across five states: Florida, Texas, Alabama, Michigan, and Georgia. Net-Leased All-Cash 18 DST is backed by a 20-year master lease guaranteed by the Essential Income REIT’s Operating Partnership.

At exit, the offering 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 offer investors a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, together with 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.

Warren Thomas, managing partner at ExchangeRight, attributed the offering's full subscription to sustained investor demand for unleveraged portfolios of net-leased real estate that is rigorously selected to preserve capital and provide stable income.

"Net-Leased All-Cash 18 DST was structured for 1031 exchange investors who continue to want debt-free access to diversified portfolios of recession-resilient, necessity-based real estate that can provide greater return stability," said Thomas. “We are grateful to the advisors and investors who choose ExchangeRight Real Estate as the DST Sponsor to help complete their 1031 exchanges and steward their wealth.” The past performance of ExchangeRight and its previous offerings does not guarantee future performance.

About ExchangeRight

ExchangeRight and its affiliates’ vertically integrated platform features more than $7.4 billion in assets under management that are diversified across over 1,400 properties and 28 million square feet throughout 47 states, as of May 31, 2026. 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.