ExchangeRight All-Cash DST
Net lease retail property in Abilene and Sweetwater, Texas · sponsored by ExchangeRight
ExchangeRight All-Cash DST was a DST sponsored by ExchangeRight that owned 3 net lease retail properties in Abilene and Sweetwater, Texas. Its last Form D, filed Jul 24, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Jul 24, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $6,310,000Equity offered, per the Form D
- Sold
- 100%Form D, Jul 24, 2025; the % is our arithmetic
- Investors reported
- Form D, Jul 24, 202524
- Selling commissions
- Form D Item 15; the % is our arithmetic$315,500 · 5.0% of offering
- Financing
- All cash. This offering reports no 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: ExchangeRight All-Cash DST. Top1031 is not a broker-dealer.What did ExchangeRight All-Cash DST own?
The trust holds freestanding net-leased retail buildings occupied by Tractor Supply, the farm-and-ranch chain, and a combined Family Dollar/Dollar Tree store. 1 ExchangeRight's May 16, 2024 announcement is the only description tied to this issuer on the public record; it names the tenants and the towns but not street addresses, construction dates, or what the trust paid. SEC filings cover the securities offering, not the real estate purchase.
- Reported location
- Abilene and Sweetwater, Texas
- Property size
- 3 properties, ~45,000+ sq ft
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
There is no mortgage. ExchangeRight marketed the trust as a debt-free offering, meaning investor capital funded the property in full. 1 For an investor that means no lender, no loan maturity to refinance, and no foreclosure risk at the trust level — and no borrowing magnifying results in either direction.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $315,500 · 5.0% 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
- Sep 18, 2023
- 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 ExchangeRight All-Cash DST?
ExchangeRight Real Estate, LLC sponsors this trust, which the SEC issuer record lists as a Delaware entity. 4 On May 16, 2024 the firm announced the offering was fully subscribed, closed, and no longer accepting investors, attributing the pace to demand for debt-free structures. 1 As of September 2, 2026, no sale, refinancing, or full-cycle event for this trust has been reported.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust is offered under Rule 506(b), the private-placement exemption that permits sales to accredited investors without public advertising. The original Form D reported that no sale had yet occurred. 2 A single amendment closed the record out, reporting a first sale date of September 18, 2023 and nothing left to sell. 3
- Legal Trust name
- ExchangeRight All-Cash DST
- SEC CIK
- 1992291
- First Form D
- Sep 14, 2023
- Latest Form D
- Jul 24, 2025
- Filings on record
- 2
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $6,310,000 | $6,310,000+$6,310,000 | 24 | EDGAR | |
| Form D | $6,310,000 | $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 ExchangeRight All-Cash DST?
- ExchangeRight All-Cash DST is a Historical offering. The last Form D, filed Jul 24, 2025, reports the offering fully sold.
- What does a debt-free or all-cash DST mean?
- It means the trust bought and holds its property without a mortgage, so investor equity funded the entire purchase. There is no lender, no loan covenant, and no maturity date forcing a refinancing or sale. Exchangers who carried debt on a relinquished property have their own debt-replacement math to work through; the offering documents describe how a specific trust addresses it.
- What was the minimum investment?
- The Form D filed September 14, 2023 reported a $100,000 minimum outside investment. That figure was unchanged in the July 24, 2025 amendment. Minimums in DST offerings are set by the sponsor and can differ between a 1031 exchange investment and a cash investment.
- Who are the tenants?
- ExchangeRight's May 16, 2024 release identifies the assets as net-leased to Tractor Supply, the farm-and-ranch retailer, and to a Family Dollar/Dollar Tree combo store — a single unit operating both banners. Street addresses and individual lease terms are not disclosed in any filing or release tied to this issuer's CIK.
- Does this trust convert to a REIT through a 721 exchange?
- No 721/UPREIT exit — a structure where DST interests are later contributed to a REIT's operating partnership in exchange for units — is indicated in the record for this trust. Any exit mechanics would be governed by the trust agreement and offering documents.
In the news
Sources
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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.