Top1031

ExchangeRight Net-Leased All-Cash 22 DST

sponsored by ExchangeRight

Active offeringLatest Form D filed Sep 30, 2026 (opens in a new tab)

ExchangeRight Net-Leased All-Cash 22 DST, sponsored by ExchangeRight, filed its first Form D with the SEC on Sep 30, 2026 for a $35.7 million offering. Its latest Form D, filed Sep 30, 2026, lists a $35.7 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$35,700,000
Equity offered, per the Form D
Sold so far
$0
Form D, Sep 30, 2026
Investors reported
0
Form D, Sep 30, 2026
Selling commissions
$1,785,000 · 5.0% of offering
Form D Item 15; the % is our arithmetic
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 →

Sales so far

Latest Form D
Sep 30, 2026 · 1 filing

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Sep 30, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$0
Not yet sold
$35,700,000
Investors
0
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Ask a 1031 specialist about this recordFree. About: ExchangeRight Net-Leased All-Cash 22 DST. Top1031 is not a broker-dealer.

No photo on record. Location not stated in the SEC filings.

What does the Trust own?

The Trust's title describes a net-leased strategy: leases under which the tenant, not the landlord, pays property taxes, insurance and maintenance. That arrangement shifts most operating costs to the tenant and leaves rent as the landlord's main line item.

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

"All-Cash" in the Trust's title is the usual signal for a DST that buys its real estate outright, with no mortgage and no lender. Without a loan, there is no debt maturity to plan around and no refinancing to arrange.

Costs and terms from the Form D

Selling commissions
$1,785,000 · 5.0% 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
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

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. The issuer marked these amounts as an estimate.

What does the SEC record show?

The offering opened with a single Form D, the short notice an issuer files with the SEC when it sells securities privately. The exemption claimed bars general advertising, so investors reach the Trust through existing relationships with the sponsor and its broker-dealers.

Legal Trust name
ExchangeRight Net-Leased All-Cash 22 DST
SEC CIK
2152774
First Form D
Sep 30, 2026
Latest Form D
Sep 30, 2026
Filings on record
1
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 sold
Form D$35,700,000
$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

Is ExchangeRight Net-Leased All-Cash 22 DST an active offering?
ExchangeRight Net-Leased All-Cash 22 DST is an Active offering: its latest Form D was filed Sep 30, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
What does "All-Cash" mean in the Trust's name?
It is the conventional label for a DST that owns its real estate outright, with no mortgage on the property. In that structure there is no lender, no loan balance and no refinancing date. Investors own beneficial interests in the trust that holds the real estate.
What is a net lease, and why does it matter here?
A net lease is a lease under which the tenant pays property taxes, insurance and upkeep on top of base rent. For the landlord, that leaves rent as the principal line item and limits exposure to rising operating costs. The Trust's legal name describes this strategy.
What is the minimum investment?
The Form D filed September 30, 2026 states a $100,000 minimum investment from an outside investor. Sponsors sometimes set different minimums for 1031 exchange money and for new cash; the offering documents govern.
What does a Rule 506(b) offering mean for an investor?
Rule 506(b) is the private-placement exemption that lets an issuer sell securities without registering them, provided it does not advertise or publicly solicit. Investors typically come through a pre-existing relationship with the sponsor or a broker-dealer and document accredited-investor status, meaning the SEC's income or net-worth thresholds.
How does a DST work in a 1031 exchange?
A Delaware statutory trust holds the real estate, and investors own beneficial interests in the trust. IRS Revenue Ruling 2004-86 treats those interests as direct interests in real property, which is what allows them to receive 1031 exchange proceeds. Day-to-day decisions rest with the trustee and sponsor, not the investors.

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.