ExchangeRight Net-Leased All-Cash 19 DST
Net-leased retail (necessity-based) property — sponsored by ExchangeRight
No public property data; 506(b). Entity registered 2025-08-27; AL foreign registration suggests an AL property
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These links support the public record as a whole; individual details may come from different sources.
Location not on recordThe SEC filings for this offering do not give a property address. The filing history below is the current public record.
What is this, in one paragraph?
ExchangeRight Net-Leased All-Cash 19 DST is a Delaware statutory trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate. The sponsor describes three single-tenant, net-leased buildings in Washington, Alabama and Illinois occupied by Fred Meyer, Hobby Lobby and Verizon, held without mortgage debt.1 ExchangeRight announced full subscription and closure to new investors on August 19, 2026.1
Minimum investment
$100k
Offering size
$26.9M
How much has sold
None sold yet
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
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 portfolio is necessity-based single-tenant retail. A distributor listing for this exact offering places the three buildings at a Fred Meyer in Shelton, Washington, a Hobby Lobby in Scottsboro, Alabama, and a Verizon Wireless store in Roscoe, Illinois, and reports all three fully occupied.2 Those remain distributor-reported leads rather than primary records, and no acquisition closing record or acquisition date for the buildings was located.
- Property size
- 122,149 square feet (3 properties)
Who is the tenant, and what's the lease?
Under a net lease the tenant, not the landlord, carries taxes, insurance and maintenance. ExchangeRight states the three tenants carry an initial weighted-average lease term of 10.7 years, and that the Trust is backed by a 20-year master lease — one entity leasing the whole portfolio and paying rent up to the Trust — guaranteed by the Essential Income REIT.1
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?
There is no lender in this deal: no loan to refinance at maturity, no covenants to breach, and no mortgage holder that could foreclose if rent stops. Nothing borrowed magnifies results in either direction, so cash flow tracks rent actually collected. For a 1031 exchanger, there is no Trust-level debt to replace.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
ExchangeRight Real Estate, LLC assembles necessity-based, single-tenant net-leased portfolios for 1031 exchange investors, and this Trust belongs to its numbered debt-free series.1 The guarantor behind the master lease is the sponsor's own Essential Income REIT rather than an unrelated third party.1 The firm also buys outside retail: CRE 360 Signal reported on August 27, 2026 a $94.8 million purchase of a 749,550-square-foot Amazon-leased distribution building.
- Sponsor
- ExchangeRight
- May convert to a REIT
- No
- 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?
The Trust noticed its offering under the private-placement exemption that bars general advertising, so interests reached accredited investors — those meeting SEC income or net-worth tests — through existing sponsor and broker-dealer relationships. That single notice has never been amended, so the federal record still predates ExchangeRight's August 19, 2026 full-subscription announcement.1
- Form D filedFirst and latest filing on record.
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 19 DST
- 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 ExchangeRight Net-Leased All-Cash 19 DST still raising money?
Sold out: the source record identifies this offering as Fully Subscribed. The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for ExchangeRight Net-Leased All-Cash 19 DST?
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.
Is this Trust still accepting new investors?
No. ExchangeRight announced on August 19, 2026 that the Net-Leased All-Cash 19 DST was fully subscribed, that the offering had closed, and that it is not accepting new investors. The Trust's only SEC filing is a Form D notice dated March 13, 2026, which has never been amended, so the federal record has not caught up to the sponsor's announcement. Anyone mid-exchange should confirm current availability directly with the sponsor or a participating broker-dealer.
Who are the tenants and where are the properties?
ExchangeRight's August 19, 2026 announcement describes three net-leased properties across Washington, Alabama and Illinois occupied by Fred Meyer, Hobby Lobby and Verizon. A distributor listing for the same offering identifies them as a Fred Meyer in Shelton, Washington, a Hobby Lobby in Scottsboro, Alabama, and a Verizon Wireless store in Roscoe, Illinois, and reports all three fully occupied. Those are sponsor and distributor materials rather than SEC-confirmed property records; the Private Placement Memorandum (PPM), the governing offering document, controls.
What is a master lease, and why does it matter here?
In a master lease, one entity leases the entire portfolio from the Trust, pays rent up to it, and collects from the operating tenants. ExchangeRight states this Trust is backed by a 20-year master lease guaranteed by the Essential Income REIT — a sponsor-affiliated vehicle, not an unrelated credit. That means the strength of the guaranty depends on the affiliate, and its exact terms, limits and remedies are matters for the PPM.
When do the underlying tenant leases expire?
Baker 1031's offering data, dated July 1, 2026, reports individual lease terms running to November 30, 2034 for Fred Meyer, December 31, 2035 for Verizon and December 31, 2040 for Hobby Lobby. ExchangeRight's own announcement states an initial weighted-average lease term of 10.7 years across the portfolio. The individual expirations are distributor-reported rather than confirmed by a federal filing; the PPM's rent roll governs.
What does it mean that the Trust has no mortgage?
ExchangeRight describes the offering and the portfolio as debt-free and unleveraged. With no loan there is no maturity date to refinance, no lender covenants to breach, and no lender that could foreclose if a tenant stops paying — but also no borrowed capital amplifying results in either direction. For a 1031 exchanger, an all-cash Trust carries no debt to replace, which matters if the relinquished property had a mortgage that would otherwise need to be matched.
What does the SEC record actually confirm about this Trust?
The Form D filed March 13, 2026 confirms the issuer's identity — ExchangeRight Net-Leased All-Cash 19 DST, CIK 0002120092, organized as a Delaware business trust — along with a $100,000 stated minimum investment, an equity offering, and reliance on Rule 506(b), the private-placement exemption that prohibits general advertising. It contains no property schedule, no lease terms and no tenant names. Every property, tenant, occupancy and lease detail on this page comes from sponsor or distributor material rather than a federal filing.
Chapter 9ExchangeRight Net-Leased All-Cash 19 DSTMarketplace listing for the All-Cash 19 DST confirming the offering exists.