ExchangeRight Fully Subscribes Five-Property, $24.78M All-Cash 9 DST

ExchangeRight, a sponsor of Delaware statutory trust and non-traded real estate investment trust investment offerings, has fully subscribed its Net-Leased All-Cash 9 DST.

Launched in October 2024, the near $24.78 million portfolio of net-leased real estate is backed by primarily investment-grade companies operating in necessity retail and provides investors with monthly distributions at a current rate of 5.2% covered in full by in-place revenues from the offering.

Net-Leased All-Cash 9 DST features five net-leased properties tenanted by Tractor Supply, Dollar Tree, and Dollar General Market. The portfolio’s properties span 75,148 square feet and are located in Texas, Iowa, and Florida.

According to ExchangeRight, the Net-Leased All-Cash 9 DST exit strategy aims to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 or 721 exchange, cash out, or any combination of these options at exit.

Pending successful future financing, ExchangeRight anticipates investors may be able to receive a lump sum payment of 20% to 30% of their initial investment through a tax-deferred cash-out financing, with the possibility of a later 721 exchange of the 70% to 80% non-financed equity. The company stipulated, though, that there is no guarantee that the DST’s objectives, including its exit strategies and future financing, will be achieved.

“Our commitment to capital preservation and stable income through a debt-free option for necessity-based investments continues to resonate with investors nationwide,” said Joshua Ungerecht, managing partner at ExchangeRight.

Earlier this month, ExchangeRight fully subscribed its Net-Leased Portfolio 67 DST. The fund, launched in June 2024, raised approximately $81.57 million and owns a 371,430-square-foot portfolio. And in December 2024, it fully subscribed Net-Leased All-Cash 7 DST. Launched in August 2024, the DST raised $24.8 million for properties located in Texas and Minnesota.

“We are grateful for the continued trust and support from our investors, and we remain dedicated to serving them by designing our offerings to provide multiple strategic exit options designed to meet their potential future tax-advantaged 1031, 721 or liquidity needs,” added Ungerecht.

ExchangeRight and its affiliates’ vertically integrated platform features more than $6.4 billion in assets under management that are diversified across over 1,300 properties, and 25 million square feet throughout 47 states, as of Feb. 28, 2025.

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