8-property net-leased retail portfolio
Net lease retail property · sponsored by ExchangeRight
8-property net-leased retail portfolio was a DST sponsored by ExchangeRight that owned 8 net lease retail properties. Its last Form D was filed Jun 24, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Jun 24, 2025.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $28,850,000Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Jun 24, 2025)Form D, Jun 24, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,154,000 · 4.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: 8-property net-leased retail portfolio. Top1031 is not a broker-dealer.8-property net-leased retail portfolio · Photo: bluevaultpartners.com
What did the Trust own?
ExchangeRight assembled the portfolio from single-tenant retail buildings spread across eight separate markets in four states; the sponsor's releases give the state count but never name the states. 1 Neither the Form D nor the sponsor's public materials disclose street addresses, purchase prices, acquisition dates, or which tenant occupies which building.
- Property size
- 8 properties; 88,851 square feet
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
Neither the Form D nor the sponsor's public releases state whether this Trust carries mortgage debt, so no lender, loan balance, or maturity sits on the public record. ExchangeRight said the distribution is covered by in-place rents at the properties. 1
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- May convert to a REIT (721)
- Yes
Costs and terms from the Form D
- Selling commissions
- $1,154,000 · 4.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Lighthouse Capital Group, LLC · CRD 169135
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $100,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.
Who's behind the Trust?
ExchangeRight sponsors net-leased retail DSTs and the affiliated Essential Income REIT, the vehicle that receives its Section 721 exchanges. The sponsor said it passed $7 billion in assets under management across more than 9,000 investments in 2025. 4 AltsWire reported the Essential Income REIT's net asset value reached $905.7 million as of June 30, 2026, after debt refinancing and the acquisition of 39 properties through DST merger agreements. 5 ExchangeRight announced full subscription of its $90.67 million Net-Leased Portfolio 73 DST in July 2026. 6
- Sponsor
- Offerings on record
What does the SEC record show?
Only one Form D is on record, with no amendment since the original filing, so the figures below stand as of that date. Interests were offered privately to accredited investors — buyers meeting SEC income or net-worth tests — without general advertising, and ExchangeRight announced full subscription on October 21, 2025. 1
- Legal Trust name
- ExchangeRight Essential Income 4 DST
- SEC CIK
- 2074323
- First Form D
- Jun 24, 2025
- Latest Form D
- Jun 24, 2025
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $28,850,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to 8-property net-leased retail portfolio?
- 8-property net-leased retail portfolio is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Jun 24, 2025.
- Does 8-property net-leased retail portfolio have a 721 UPREIT exit?
- The record lists a possible 721 exit for 8-property net-leased retail portfolio. The offering documents set whether and when it could happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- Who are the tenants?
- ExchangeRight identified four tenants across the eight buildings: Sprouts Farmers Market, Dollar General, CVS Pharmacy, and Advance Auto Parts. The sponsor's public releases do not map individual tenants to individual properties, so the property-by-property breakdown has to come from the offering documents.
- Where are the properties located?
- The sponsor states only that the eight properties sit in eight separate markets across four states. Neither the SEC Form D nor the public announcements name the states, the cities, or the street addresses. Those details appear in the offering documents and in county deed records, not in the public securities filings.
- Why does the SEC filing data differ from the sponsor's announcement?
- The single Form D on record reports the offering as of its June 24, 2025 filing date, submitted at launch. ExchangeRight announced full subscription on October 21, 2025, and no amended Form D was filed afterward, so the SEC record was never updated to reflect the completed raise.
In the news
Sources
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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 offering documents before investing.