15-property net-leased portfolio
Legal trust name ExchangeRight Net-Leased Portfolio 72 DST
Talk to a 1031 specialistData updated Sep 26, 2025
Offering size$32.7M
Asset typeNet Lease
LocationMulti-state
FinancingLeveraged
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedSep 26, 2025
Last filedSep 26, 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 72 DST is a $58.6 million program holding 15 long-term net-leased properties across 14 markets in seven states, totaling roughly 240,137 square feet of retail and healthcare space. Tenants include Dollar General Market, Tractor Supply Company, Sutter Health, Dollar Tree, AutoZone, and Wild Fork Foods, with an initial 14.9-year weighted-average lease term. The portfolio carries $25.9 million of non-recourse debt at a 44.19% loan-to-value ratio. ExchangeRight sponsors and manages the trust. As of June 9, 2026, ExchangeRight reported the offering fully subscribed and closed to new investors.
$58.6M; LTV 44.19% ($25.9M debt); 5.00% dist; WALT 14.9y; tenants: DG Market, Tractor Supply, Sutter Health, AutoZone
15 properties / 240,137 SFBased on issuer-filed Form D notices through Sep 26, 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$32,725,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedSep 26, 2025
Latest filingSep 26, 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
Portfolio and tenants
ExchangeRight Net-Leased Portfolio 72 DST assembles 15 long-term net-leased properties spanning 14 markets across seven states, totaling approximately 240,137 square feet of retail and healthcare space 1. The tenant roster includes Dollar General Market, Tractor Supply Company, Sutter Health, Dollar Tree, AutoZone, and Wild Fork Foods, and the properties carry an initial weighted-average lease term of 14.9 years 1.
Capitalization and leverage
ExchangeRight reports an aggregate portfolio value of $58.6 million, including $25.9 million of non-recourse debt at a 44.19% loan-to-value ratio 1. An issuer Form D for the offering, filed with the SEC on September 26, 2025, listed a $32,725,000 offering amount as of that date 2.
Offering status and liquidity
ExchangeRight announced on June 9, 2026 that the DST was fully subscribed and closed to new investors 1. The sponsor describes investor exit options that include a tax-deferred 721 exchange into the Essential Income REIT, a 1031 exchange, a cash-out, or a combination 1.
Sources (2)
In the news
Frequently asked questions
Is 15-property net-leased portfolio currently active?
15-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 15-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.