Essential Income 5 DST
5 net lease retail properties in 5 states · sponsored by ExchangeRight
Essential Income 5 DST is a DST sponsored by ExchangeRight that owns 5 net lease retail properties in 5 states. Its latest Form D, filed Aug 25, 2025, lists a $38.1 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $38,115,000Equity offered, per the Form D
- Sold so far
- Not reported after the first Form D (Aug 25, 2025)Form D, Aug 25, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,524,600 · 4.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 →
Can I still invest?
No new interests: the offering is reported fully subscribed.
Other ExchangeRight offerings on record
- ExchangeRight Essential Income 14 DST$100,000 minimum · $136,100,000 offeringActive offering · latest Form D Oct 14, 2026
- ExchangeRight Net-Leased All-Cash 22 DST$100,000 minimum · $35,700,000 offeringActive offering · latest Form D Sep 30, 2026
- ExchangeRight Essential Income 13 DSTLakeville, MN · $100,000 minimum · $107,600,000 offeringActive offering · latest Form D Aug 20, 2026
- ExchangeRight Net-Leased All-Cash 21 DST$100,000 minimum · $43,390,000 offeringActive offering · latest Form D Jul 29, 2026
Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.
Ask a 1031 specialist about this recordFree. About: Essential Income 5 DST. Top1031 is not a broker-dealer.Essential Income 5 DST · NY · Photo: bluevaultpartners.com
Multiple property locations are on record; no single map.
What does Essential Income 5 DST own?
The holdings are single-tenant retail: grocery, farm-and-ranch and small-format discount stores of the kind ExchangeRight calls essential retail, spread across markets in New York, Alabama, Washington, Missouri and Indiana. 1 ExchangeRight values the net-leased portfolio at $38.1 million. 1
- Reported location
- Multi-state (5)
- Property size
- 7 properties; 209,869 square feet
Tenant and lease terms are not in the SEC filings or cited sources.
How is it financed, and what did it cost to sell?
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
- $1,524,600 · 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 Essential Income 5 DST?
ExchangeRight builds net-lease trust portfolios around necessity retail and pairs them with its own non-traded REIT, the Essential Income REIT. That REIT guarantees the master lease here and is also the stated landing place for investors who later elect a Section 721 exchange, contributing their interest for partnership units. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The interests were offered privately to accredited investors, people who meet SEC income or net worth tests, without public advertising. ExchangeRight announced on February 26, 2026 that the offering had been fully subscribed. 1
- Legal Trust name
- ExchangeRight Essential Income 5 DST
- SEC CIK
- 2078880
- First Form D
- Aug 25, 2025
- Latest Form D
- Aug 25, 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 | $38,115,000 | $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
- Can I still invest in Essential Income 5 DST?
- No new interests: Essential Income 5 DST is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- Does Essential Income 5 DST have a 721 UPREIT exit?
- The record lists a possible 721 exit for Essential Income 5 DST. It is an option, not a completed transaction; the offering documents set whether and when it can 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
- What does Essential Income 5 DST own?
- It owns seven net-leased retail properties totaling 209,869 square feet, spread over seven markets in New York, Alabama, Washington, Missouri and Indiana. ExchangeRight describes the buildings as essential retail and values the portfolio at $38.1 million in its February 26, 2026 announcement.
- Who are the tenants?
- ExchangeRight's February 26, 2026 announcement names Hy-Vee, Tractor Supply Company and Dollar General as the tenants of the seven-property portfolio. Hy-Vee is a Midwest grocery chain, Tractor Supply sells farm and ranch supplies, and Dollar General operates small-format discount stores.
- What is the 20-year master lease, and who stands behind it?
- A master lease is a single lease over the whole portfolio, sitting above the store leases, under which one party pays the Trust its rent. ExchangeRight says the 20-year master lease here is guaranteed by its Essential Income REIT and that REIT's operating partnership, so a sponsor affiliate, not only the retailers, backs the payment.
- How is the exit meant to work?
- ExchangeRight describes a Section 721 exchange into its Essential Income REIT as the intended exit: investors contribute their trust interest to the REIT's operating partnership and receive partnership units, deferring tax at that step. Units are not real property, so a future 1031 exchange is not available after that conversion. The sponsor presents this as a plan, and no completed exchange for this Trust is documented.
In the news
Sources
Show sources (2)Hide sources (2)
These links support the record as a whole; individual details may come from different sources.
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.