Top1031

ExchangeRight Net Leased Portfolio 33 DST

in Alabama, IL · sponsored by ExchangeRight

HistoricalLast Form D, filed Dec 23, 2022, reports the offering fully sold (opens in a new tab)

ExchangeRight Net Leased Portfolio 33 DST, sponsored by ExchangeRight, filed its first Form D with the SEC on Mar 25, 2020 for a $33.6 million offering. Its last Form D, filed Dec 23, 2022, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Dec 23, 2022, reports the offering fully sold.

ExchangeRight has 11 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$33,645,000
Equity offered, per the Form D
Sold
100%
Form D, Dec 23, 2022; the % is our arithmetic
Investors reported
70
Form D, Dec 23, 2022
Selling commissions
$1,766,363 · 5.2% of offering
Form D Item 15; the % is our arithmetic
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: ExchangeRight Net Leased Portfolio 33 DST. Top1031 is not a broker-dealer.

What did the Trust own?

The portfolio is made up of 11 single-tenant buildings in Alabama, Illinois, Louisiana, Ohio and Texas. 1 Offering marketing published by Real Estate Transition Solutions lists 132,885 rentable square feet across the properties. 3 ExchangeRight reported the portfolio as fully occupied in a release dated June 9, 2020. 1

Reported location
Alabama, IL

How was it financed, and what did it cost to sell?

No mortgage sits on the portfolio. Rent is not shared with a lender, there is no loan to refinance at maturity, and no lender can foreclose. ExchangeRight's offering marketing describes the properties as debt-free. 3

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$1,766,363 · 5.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
15 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 27, 2020
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.

What does the SEC record show?

The issuer reported March 27, 2020 as the offering's date of first sale. 4 A later amendment updated the offering's sale figures. 4 The interests were sold privately to accredited investors, people who meet SEC income or net-worth tests, without general advertising.

Legal Trust name
ExchangeRight Net Leased Portfolio 33 DST
SEC CIK
1806996
First Form D
Mar 25, 2020
Latest Form D
Dec 23, 2022
Filings on record
2
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$33,645,000
$33,645,000+$33,645,000
70
EDGAR
Form D$33,645,000
$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 Net Leased Portfolio 33 DST?
ExchangeRight Net Leased Portfolio 33 DST is a Historical offering. The last Form D, filed Dec 23, 2022, reports the offering fully sold.
What does ExchangeRight Net Leased Portfolio 33 DST own?
It owns 11 single-tenant properties in Alabama, Illinois, Louisiana, Ohio and Texas, according to ExchangeRight's June 9, 2020 release. Offering marketing published by Real Estate Transition Solutions lists 132,885 rentable square feet across the portfolio.
Who are the tenants?
ExchangeRight's June 9, 2020 release names Dollar General, Walgreens and Tractor Supply as tenants of Net-Leased Portfolio 33. The same release reported the portfolio as fully occupied and gave a weighted-average lease term of 13.1 years at that date.
Does the trust have a mortgage?
No. The portfolio was acquired without mortgage debt, and the offering marketing published by Real Estate Transition Solutions describes it as debt-free with a zero loan-to-value ratio. There is no lender to share rent with and no loan maturity date.
Who sponsors this trust?
ExchangeRight sponsors the trust, as stated in the offering marketing for ExchangeRight Net Lease Portfolio 33 DST. ExchangeRight sponsors a series of numbered net-leased portfolios structured as Delaware statutory trusts for 1031 exchange investors.
When did the offering start?
The first Form D, the brief notice an issuer files with the SEC for a private offering, was filed on March 25, 2020, and the issuer reported March 27, 2020 as the date of first sale. An amended Form D followed on December 23, 2022.

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.