5-property net-leased retail/healthcare portfolio
Net lease retail/healthcare in Multi-state (4) — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Essential Income 6 DST
Minimum investment
$100k
Offering size
$42.5M
How much has sold
None sold yet
Asset type
Net lease retail/healthcare
Location
Multi-state (4)
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ExchangeRight Essential Income 6 DST is a Delaware statutory trust — a passive co-ownership vehicle a 1031 exchanger can buy into — holding five single-tenant, net-leased retail and healthcare buildings in four states. It is closed to new investors: ExchangeRight announced the offering was fully subscribed on May 19, 2026.1 Interests were offered under Rule 506(b), a private route with no public advertising, to accredited investors.
5.50% rate; 20yr REIT master lease; 721 exit ~2yr; CVS, Dollar General, Quest Diagnostics, Verizon Wireless
Show sources (3)Hide sources (3)
These links support the public record as a whole; individual details may come from different sources.
Massachusetts, Oklahoma, Tennessee, and Ohio · exact location not on recordThe filings name the market but not an address we can place on a map.
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 five single-tenant buildings leased to retail and healthcare operators in Massachusetts, Oklahoma, Tennessee, and Ohio.1 ExchangeRight assembled them for its Essential Income series, which pairs necessity-based net-lease tenants with a planned roll-up into the sponsor's REIT. Neither the Form D notice nor the sponsor's announcement identifies individual street addresses, construction dates, or purchase prices.
- Reported location
- Multi-state (4)
- Property size
- 5 properties; 148,327 square feet
Who is the tenant, and what's the lease?
The buildings are leased to CVS Pharmacy, Dollar General, Quest Diagnostics, and Verizon Wireless.1 The portfolio sits under a 20-year master lease to ExchangeRight's REIT, meaning the REIT rather than each store operator is the Trust's direct payer — the structure that sets up the later 721 exchange.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
The sponsor reported this offering sold out without filing per-sale amendments, so there is no raise history to show.
How is it financed, and what does it pay?
The Form D notice discloses no mortgage debt, lender, or loan terms, and the sponsor's announcement is silent on leverage.2 The capital structure appears only in the private placement memorandum (PPM), the confidential offering document given to prospective investors.
Who's behind it?
ExchangeRight sponsors net-leased DSTs and operates the Essential Income REIT, the vehicle its trusts are designed to roll into through a Section 721 exchange — a tax-deferred contribution of property for REIT operating-partnership units. AltsWire reported the REIT's net asset value at $905.7 million as of June 30, 2026, up from $801.8 million three months earlier. The sponsor fully subscribed Net-Leased Portfolio 73 DST on July 14, 2026 and hired Ross Wood as director of acquisitions for industrial investments on July 22, 2026.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Essential Income 6 DST
- May convert to a REIT
- Yes
- 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?
One Form D — the short public notice a sponsor files around its first sale — is all that is on record, and it was never amended, so it still reflects the offering as it stood at launch rather than the full subscription announced on May 19, 2026.1 Interests were sold privately, without advertising, to accredited investors.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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
Is 5-property net-leased retail/healthcare portfolio still raising money?
Top1031 lists 5-property net-leased retail/healthcare portfolio as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for 5-property net-leased retail/healthcare 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 this Trust?
No. ExchangeRight announced on May 19, 2026 that Essential Income 6 DST was fully subscribed and closed to new investors. It is now a historical offering, useful mainly as a reference point for how the sponsor structures its Essential Income series.
Why does the SEC filing look like nothing was sold?
The Trust filed a single Form D on October 15, 2025 and never amended it, so the public notice still reflects the offering as it stood at launch. Sponsors are not required to file amendments reporting progress once an offering closes, and the sponsor's own May 19, 2026 announcement reports full subscription.
Who are the tenants?
The sponsor names CVS Pharmacy, Dollar General, Quest Diagnostics, and Verizon Wireless across the five buildings. Individual store addresses, lease terms, and expiration dates are not in the public filings; the PPM and title documents are where a buyer would find them.
What does the 721 exit mean for me?
A Section 721 exchange lets the Trust contribute its properties to ExchangeRight's Essential Income REIT in exchange for operating-partnership units, without triggering tax at that moment. Those units are not real estate, so they cannot themselves be 1031-exchanged into another property later. The PPM sets out timing, consents, and liquidity terms.
What is a DST, and how is it different from owning a building outright?
A Delaware statutory trust holds title to the real estate and sells beneficial interests to investors, which the IRS treats as like-kind replacement property for a 1031 exchange. Investors have no management role and cannot refinance, re-tenant, or sell the property; the trustee and sponsor control those decisions.
Chapter 9ExchangeRight Closes Sixth Investment Offering in a Year, Totaling $42.46 MillionLocal-news coverage noting Essential Income 6 DST as ExchangeRight's sixth offering closed in a year, totaling $42.46M for the five-property retail/healthcare portfolio in MA, OK, TN, and OH. ExchangeRight's Essential Income 6 DST Fully Subscribed as Investor Demand for Expedited 721 REIT Access ContinuesMorningstar wire distribution of the ExchangeRight BusinessWire press release announcing Essential Income 6 DST full subscription.