ExchangeRight Net-Leased Portfolio 75 DST
Net-leased retail in Multi-state (6) — sponsored by ExchangeRight
six-property portfolio of BioLife Plasma Services (Burleson), Dollar General (Adrian and Strongsville), FedEx (Little Rock), Hobby Lobby (East Hanover), and Tractor Supply (Villa Rica) · Open 506(b); details gated to accredited investors on marketplace sites
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What is this, in one paragraph?
ExchangeRight Net-Leased Portfolio 75 DST is a Delaware statutory trust — a structure that lets 1031 exchangers own fractional real estate passively — raising equity under Rule 506(b), the private-placement exemption that bars advertising and limits sales to accredited investors meeting SEC income or net-worth tests.1 Broker material describes six single-tenant, net-leased buildings in six states, all reported fully occupied, in a Trust reported formed December 1, 2025.2
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?
No SEC filing describes the real estate; the building roster and its reported 100% occupancy come from broker offering material for a Trust reported formed December 1, 2025.2 Local reporting tracked two of the buildings as recent additions: a Strongsville, Ohio Dollar General proposed in April 2025 on a vacant, roughly 1.75-acre lot, and a Villa Rica, Georgia Tractor Supply that held its opening event January 8–11, 2026.
- Reported location
- Multi-state (6)
Who is the tenant, and what's the lease?
Each building has one tenant — BioLife Plasma Services, two Dollar General stores, FedEx, Hobby Lobby and Tractor Supply — on leases broker material describes as net leases, meaning the tenant rather than the Trust carries property costs such as taxes, insurance and maintenance.2 The same material reports the BioLife lease guaranteed by Baxalta, Inc., a Takeda subsidiary.2
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.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Form D describes no debt. Broker offering material reports a single non-recourse, interest-only loan of about $37.33 million from Wells Fargo Bank, N.A., with a five-year term and a closing reported in April 2026 — non-recourse meaning the lender looks to the properties, not to investors personally, if the loan is not repaid.2
Who's behind it?
ExchangeRight Real Estate, LLC sponsors the Trust, and has built its net-lease DST program specifically for 1031 exchangers across dozens of prior offerings.2 The firm said in a March 3, 2026 recap that it raised $620 million of net-leased DST equity across 18 new offerings during 2025, and announced on July 14, 2026 that its $90.67 million, 11-property Portfolio 73 DST was fully subscribed.
- 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?
One federal notice, filed at launch and never amended, is the entire SEC file, and it describes none of the underlying real estate.1 Because the exemption used bars general solicitation, the offering documents sit behind accredited-investor gates on broker marketplace sites.2
- Form D filedFirst and latest filing on record.
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 75 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 Portfolio 75 DST still raising money?
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 Portfolio 75 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.
What does this Trust actually own?
Six single-tenant, net-leased buildings, according to sponsor and broker offering material: a BioLife Plasma Services center in Burleson, Texas; Dollar General stores in Adrian, Michigan and Strongsville, Ohio; a FedEx distribution facility in Little Rock, Arkansas; a Hobby Lobby in East Hanover, New Jersey; and a Tractor Supply in Villa Rica, Georgia. That material reports all six as 100% occupied and says the Trust was formed December 1, 2025. The April 23, 2026 Form D — the short SEC notice of an exempt private offering — describes no property at all.
Can I still invest, and what is the minimum?
The only Form D on record was filed April 23, 2026 and has never been amended, so the SEC file says nothing about subscription progress at any later date. A Baker 1031 offering page updated August 17, 2026 labeled the status 'Limited Availability' and reported $1,476,939 of equity, or 3.1%, still available. That is a third-party snapshot, not an SEC record, and it moves. The Form D reports a $100,000 minimum investment for an outside investor, and interests go only to accredited investors, so current availability has to be confirmed with the sponsor or your registered representative.
Is the Trust leveraged, and who is the lender?
Broker offering material reports a single non-recourse loan of about $37.33 million from Wells Fargo Bank, National Association, described as interest-only with a five-year term and a closing in April 2026, against a reported total capitalization of $84.9 million. The Form D itself describes no loan, and no located source states whether the six properties are cross-collateralized. Rate, maturity date, prepayment provisions, reserves and lender remedies belong in the PPM — the private placement memorandum given to prospective investors — and should be read there.
How long are the leases?
Sponsor and broker material reports staggered expirations: 2036 for FedEx and Hobby Lobby, 2039 for BioLife Plasma Services, 2041 for both Dollar General stores and 2046 for Tractor Supply, with roughly 11.8 years of weighted-average remaining term reported across the six buildings. No SEC filing confirms any of it. Renewal options, rent escalations, guaranties and any early-termination rights sit in the lease abstracts inside the PPM.
Who actually operates the properties?
Broker offering material describes the Trust as a passive owner, with a sponsor-affiliated master lessee holding a triple-net master lease and carrying responsibility for property operations. That two-layer structure is common in DSTs because Delaware statutory trust tax rules sharply restrict what the trust itself may do — it generally cannot renegotiate leases, refinance, or reinvest sale proceeds. The practical consequence is that an investor's rent stream depends on the master lessee's performance as well as the underlying tenants', and the master lease terms are set out in the PPM.
Has the Trust already bought the properties?
No primary record located as of September 12, 2026 establishes an acquisition date or purchase price in this Trust's own name, and the Form D contains neither. Separately, Commercial Property Executive reported on May 7, 2026 that Sealy & Co. sold a 303,596-square-foot, fully FedEx Ground-leased distribution center at 8 Industrial Parkway in Mabelvale, Arkansas to ExchangeRight for $36.1 million, and Arkansas Business reported the same transaction on May 11, 2026, describing the buyer as an ExchangeRight affiliate and the site as roughly 44.38 acres. Those reports name ExchangeRight or an affiliate rather than this Trust, so the link to this offering is unconfirmed.