What happened to ExchangeRight Net-Leased Portfolio 48 DST?

ExchangeRight Net-Leased Portfolio 48 DST is a Historical offering. The last Form D, filed Mar 8, 2023, reports the offering fully sold.

ExchangeRight Net-Leased Portfolio 48 DST

How it ended

No outcome recorded · under 7 years

The last Form D, filed Mar 8, 2023, reports the offering fully sold.

ExchangeRight has 11 active offerings on record →

Key facts

Minimum investment: $100,000
From the Form D
Offering size: $39,340,000
Equity offered, per the Form D
Sold: 100%
Form D, Mar 8, 2023; the % is our arithmetic
Investors reported: 109
Form D, Mar 8, 2023
Selling commissions: $2,360,400 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing: Leveraged. This offering reports mortgage debt on the property.
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 48 DST. Top1031 is not a broker-dealer.

Debt

Financing: Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions: $2,360,400 · 6.0% 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: 23 named in the Form D
Show the firms
Benchmark Investments, LLC · CRD 103792
Cabin Securities, Inc. · CRD 137608
Cape Securities Inc. · CRD 7072
Capulent LLC · CRD 155155
Center Street Securities, Inc. · CRD 26898
Concorde Investment Services, LLC · CRD 151604
Emerson Equity LLC · CRD 130032
Great Point Capital LLC · CRD 114203
Growth Capital Services, Inc. · CRD 124658
Investment Security Corporation · CRD 47536
Kalos Capital, Inc. · CRD 44337
Kingswood Capital Partners, LLC · CRD 288898
Lighthouse Capital Group, LLC · CRD 169135
McDermott Investment Services, LLC · CRD 154926
NPB Financial Group, LLC · CRD 137743
National Securities Corporation · CRD 7569
Newbridge Securities Corporation · CRD 104065
Patrick Capital Markets, LLC · CRD 16518
Purshe Kaplan Sterling Investments · CRD 35747
SCF Securities, Inc. · CRD 47275
Wealthforge Securities, LLC · CRD 152550
Western International Securities, Inc. · CRD 39262
Willow Cove Investment Group, Inc. · CRD 107824
Individual representatives named in Item 12 are not listed.
Date of first sale: Jul 5, 2021
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.

Legal Trust name: ExchangeRight Net-Leased Portfolio 48 DST
SEC CIK: 1864240
First Form D: Jun 30, 2021
Latest Form D: Mar 8, 2023
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

SEC Form D filings for ExchangeRight Net-Leased Portfolio 48 DST, newest first
Filed	Form	Offering amount	Amount sold	Investors	Filing on SEC EDGAR
Mar 8, 2023	Form D/A	$39,340,000	$39,340,000+$39,340,000	109	EDGAR
Jun 30, 2021	Form D	$39,340,000	$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.

What happened to ExchangeRight Net-Leased Portfolio 48 DST?: ExchangeRight Net-Leased Portfolio 48 DST is a Historical offering. The last Form D, filed Mar 8, 2023, reports the offering fully sold.

In the news

Oct 15, 2021ExchangeRight Fully Subscribes DST Offering of 21 Net-Leased PropertiesAltsWire reported that ExchangeRight raised $39.3 million from accredited investors for Net-Leased Portfolio 48 DST and purchased 21 occupied properties for nearly $86.4 million.

AltsWire ↗

Oct 14, 2021Net Lease Investors Fully Subscribe an ExchangeRight $86 Million OfferingExchangeRight announced that investors had subscribed its $86.38 million Net-Leased Portfolio 48 DST, comprising 21 single-tenant properties totaling more than 287,000 square feet.

ExchangeRight ↗

Picked by sponsor, asset type and state, newest filing first, never by Grade.

More from ExchangeRight

Offering	Minimum	Offering size	Status	Latest Form D
ExchangeRight Essential Income 14 DST A0 losses · 27 completed sales	$100,000	$136,100,000	Active	Oct 14, 2026
ExchangeRight Net-Leased All-Cash 22 DST A0 losses · 27 completed sales	$100,000	$35,700,000	Active	Sep 30, 2026
ExchangeRight Essential Income 13 DSTLakeville, MN A0 losses · 27 completed sales	$100,000	$107,600,000	Active	Aug 20, 2026

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.