ExchangeRight Fully Subscribes 16-Property $65.3 Million DST Offering
ExchangeRight, a sponsor of Delaware statutory trust and non-traded real estate investment trusts, announced the full subscription of ExchangeRight Net-Leased Portfolio 68 DST, a portfolio spanning 10 states and 546,966 square feet of primarily investment-grade tenanted retail space.
The offering, launched in August 2024, raised $65.3 million from accredited investors and added $45.7 million in leverage/debt to acquire the portfolio.
The 16-property 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% covered 100% by in-place revenues from the offering.
Tenants include FedEx, Dollar Tree, Tractor Supply, O’Reilly Auto Parts, Dollar General Market, Sherwin-Williams, and Dollar General. The weighted-average lease term of the portfolio is 15.1 years.
As part of ExchangeRight’s aggregation strategy, Net-Leased Portfolio 68 DST is designed to be compatible for a potential future acquisition by ExchangeRight’s Essential Income REIT, which recently launched ER share subclasses and Class D shares for registered investment advisers.
“ExchangeRight’s aggregation strategy and REIT alignment are central to delivering long-term value for investors,” said Warren Thomas, managing partner at ExchangeRight.
ExchangeRight said it 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, according to the company, in addition to other strategic exit options including a 1031 exchange, cash-out, or a combination of these options.
“This offering not only provides consistent monthly distributions, but also a potential path to enhanced diversification and liquidity within our Essential Income REIT in addition to other exit options,” added Thomas.
In other company news, earlier this month, ExchangeRight appointed James Sabbatini as senior vice president of the Pacific Northwest. In his role, Sabbatini will be managing sales of ExchangeRight-sponsored offerings throughout the states of Washington, Oregon, Idaho, Montana, Wyoming, and Alaska.
ExchangeRight and its affiliates’ vertically integrated platform features more than $6.6 billion in assets under management that are diversified across more than 1,300 properties and 26 million square feet throughout 47 states, as of June 30, 2025.
For more ExchangeRight news, please visit their directory page.
