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

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2▲1 ▼0Impact / 5
Summary · why it matters

ExchangeRight has fully subscribed its Net-Leased All-Cash 18 DST, a $52.78 million debt-free offering. The closed offering provides 1031 exchange and cash investors monthly distributions at a current annualized rate of 5.15%, fully covered by in-place lease revenue. The unleveraged portfolio includes six properties leased to BioLife Plasma Services and Tractor Supply Company, with an initial weighted-average lease term of 12.0 years, totaling 110,430 square feet across five states. It is backed by a 20-year master lease guaranteed by the Essential Income REIT's Operating Partnership. At exit, investors may have options including a tax-deferred cash-out financing, a 1031 exchange, a 721 exchange into the Essential Income REIT, or a combination.

Impact on assets 1

Consumer Discretionary▲
Tractor Supply Company
TSCO
▲ PositiveDemandrelevance

Tractor Supply Company is a tenant in the portfolio, with lease revenue supporting the DST's distributions.

Off-coverage companies 3

ExchangeRighti
Private▲ PositiveCapitalrelevance

ExchangeRight fully subscribed its $52.78 million DST offering, indicating successful capital raising.

Essential Income REITi
Private▲ PositiveCapitalrelevance

Essential Income REIT's Operating Partnership guarantees the master lease, and the DST offers a 721 exchange option into the REIT.

BioLife Plasma Servicesi
Private▲ PositiveDemandrelevance

BioLife Plasma Services is a tenant in the portfolio, with lease revenue supporting the DST's distributions.