11-property net-leased portfolio
Legal trust name ExchangeRight Net-Leased Portfolio 74 DST
Talk to a 1031 specialistData updated Dec 23, 2025
Offering size$36.6M
Asset typeNet Lease
LocationMulti-state
FinancingLeveraged
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedDec 23, 2025
Last filedDec 23, 2025
Minimum$100k
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
ExchangeRight Net-Leased Portfolio 74 DST is a Delaware statutory trust sponsored by ExchangeRight and based in Pasadena, California, cataloged by Top1031 under the identity "11-property net-leased portfolio." The issuer filed a Form D dated December 23, 2025 noticing an exempt offering with a total offering amount of $36,590,000. That filing named Joshua Ungerecht, David Fisher, and Warren Thomas as executive officers, each listed at ExchangeRight's office at 1055 E. Colorado Blvd., Suite 310, Pasadena, which also serves as the issuer's principal place of business.
$63.3M total/$36.6M equity; LTV 42.23%; min $100k; WALT 16.16y; 10-yr IO 6.08%; 3 tenants, 100% leased
11 properties / 198,705 SFBased on issuer-filed Form D notices through Dec 23, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$36,590,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedDec 23, 2025
Latest filingDec 23, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Sponsor and structure
ExchangeRight Net-Leased Portfolio 74 DST identifies ExchangeRight as its sponsor and operator, with a principal place of business coinciding with ExchangeRight's Pasadena, California office at 1055 E. Colorado Blvd., Suite 310 1. The issuer's Form D named Joshua Ungerecht, David Fisher, and Warren Thomas as executive officers, each listed at that same Pasadena address 1. Top1031 catalogs the program under the identity "11-property net-leased portfolio" 3.
Offering record
The issuer filed a Form D dated December 23, 2025 noticing an exempt offering with a total offering amount of $36,590,000 2.
In the news
Frequently asked questions
Is 11-property net-leased portfolio currently active?
11-property net-leased portfolio is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for 11-property net-leased portfolio?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.