15-property net-leased portfolio
Net-leased retail — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased Portfolio 70 DST
Minimum investment
$100k
Offering size
$35.5M
How much has sold
2.0%
Asset type
Net-leased retail
Location
Not stated
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ExchangeRight Net-Leased Portfolio 70 DST is a Delaware business trust organized in 2024.1 It holds net-leased retail buildings in 14 markets across 11 states, leased to Tractor Supply, Dollar General Market, Sherwin-Williams, Dollar Tree and Daybreak Market & Fuel.2 A DST lets 1031 exchange buyers hold fractional real estate as replacement property. ExchangeRight announced on December 16, 2025 that the offering was fully subscribed and closed to new investors.2
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The Trust holds net-leased retail buildings that ExchangeRight assembled across 14 markets in 11 states.2 The sponsor put the portfolio's aggregate value at $65.89 million in its December 16, 2025 announcement.2 Individual street addresses, acquisition dates and per-property purchase prices appear in no public filing, and research through August 2026 did not locate them.
- Property size
- 15 properties / 198,723 SF
Who is the tenant, and what's the lease?
ExchangeRight named Tractor Supply, Dollar General Market, Sherwin-Williams, Dollar Tree and Daybreak Market & Fuel as the portfolio's tenants, and reported an initial weighted-average lease term of 15.3 years.2 Net leases shift property costs — typically taxes, insurance and maintenance — to the tenant rather than the landlord.
How did it end?
No sale or other ending on record
We have not found a public record of how this offering ended. That is not the same as knowing it still operates.
$65.9M; 5.00% monthly dist; WALT 15.3y; tenants: Tractor Supply, DG Market, Sherwin-Williams, Dollar Tree
15 properties / 198,723 SFHow is it financed, and what does it pay?
Whether this portfolio carries mortgage debt is unsettled by the public record: no lender, loan balance or maturity appears in the Form D filings, and research through August 2026 located no financing terms for the Trust. ExchangeRight has said distributions are paid monthly.2
- Distribution rate
- 5.00%exchangeright.com
Who's behind it?
ExchangeRight sponsors a long-running, sequentially numbered series of net-leased DST portfolios; this Trust carries number 70 in that series. On December 16, 2025 the sponsor announced that Portfolio 70 was fully subscribed and no longer accepting investors, describing the portfolio as strengthening the acquisition pipeline of its affiliated Essential Income REIT.2 Public materials treat any future REIT, 1031 or 721 outcome as a sponsor-described option rather than a completed transaction.2
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 70 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 23 active / 60 total offerings from ExchangeRight
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's Form D — the short notice an issuer files with the SEC when selling securities privately — reported a first sale on May 14, 2025, and an amendment restating the same offering figures followed.1 Interests were offered privately, without public advertising, to accredited investors meeting SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Filings on record
- 2
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
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.
Common questions
What happened to 15-property net-leased portfolio?
Top1031 lists 15-property net-leased portfolio as historical. It is no longer raising money.
Where does Top1031 get the data for 15-property net-leased portfolio?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in ExchangeRight Net-Leased Portfolio 70 DST?
No. ExchangeRight announced on December 16, 2025 that Net-Leased Portfolio 70 DST was fully subscribed, closed, and not accepting new investors. The Trust's SEC file was not amended after May 30, 2025, so the last Form D snapshot on EDGAR predates that closing announcement.
What does the Trust actually own?
Fifteen net-leased retail properties totaling 198,723 square feet, which ExchangeRight described on December 16, 2025 as sitting in 14 markets across 11 states. The sponsor stated an aggregate portfolio value of $65.89 million. Individual addresses, acquisition dates and per-property prices are not in the public filings.
Who are the tenants?
ExchangeRight named Tractor Supply, Dollar General Market, Sherwin-Williams, Dollar Tree, and Daybreak Market & Fuel. These are net-leased retail users, meaning each tenant generally bears taxes, insurance, and maintenance on its building rather than the landlord. The sponsor reported an initial weighted-average lease term of 15.3 years. Public materials do not map which tenant occupies which property.
Why does the SEC filing show $35.49 million when the sponsor says $65.9 million?
The Form D filed May 30, 2025 reports a total offering amount of $35,490,000, which is the securities amount registered in that notice. ExchangeRight's December 16, 2025 release describes the underlying real estate as a $65.89 million portfolio. Public materials do not explain the relationship between the two figures; the private placement memorandum governs.
Is the portfolio leveraged?
The public record does not say. Form D filings do not disclose debt, and research through August 2026 located no lender, loan amount, loan-to-value figure, or maturity date for this Trust. Debt terms, if any, would be described in the PPM — the private placement memorandum, the offering's governing disclosure document — and the loan documents.
What does a Rule 506(b) offering mean here?
Rule 506(b) is a private-placement exemption that bars general solicitation or advertising, so the sponsor and its selling broker-dealers may only offer interests to investors with whom they have a pre-existing relationship — in practice accredited investors meeting SEC income or net-worth tests. This Trust's Form D reports an equity offering with a $100,000 minimum investment.
Chapter 9$65.9 Million Net-Leased Portfolio 70 DST Fully Subscribed, Strengthening ExchangeRight's Essential Income REIT PipelineBusinessWire wire of ExchangeRight's full-subscription announcement for Net-Leased Portfolio 70 DST with identical 15-property / 11-state / 198,723 sq ft detail.