As reported by the sponsor · ExchangeRight Real Estate ↗also: AltsWire ↗
Net-Leased All-Cash 7 DST
Net lease retail property · sponsored by ExchangeRight
Net-Leased All-Cash 7 DST was a DST sponsored by ExchangeRight that owned 3 net lease retail properties. Its last Form D, filed Aug 6, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Aug 6, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $24,800,000Equity offered, per the Form D
- Sold
- 100%Form D, Aug 6, 2025; the % is our arithmetic
- Investors reported
- Form D, Aug 6, 202561
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,240,000 · 5.0% of offering
- 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 →
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Ask a 1031 specialist about this recordFree. About: Net-Leased All-Cash 7 DST. Top1031 is not a broker-dealer.Net-Leased All-Cash 7 DST · Photo: cdn-static.exchangeright.com
What did Net-Leased All-Cash 7 DST own?
The holdings are freestanding single-tenant buildings spread across Texas and Minnesota. 3 ExchangeRight described the underlying real estate as a $20.69 million portfolio of net-leased property backed by investment-grade companies in necessity retail and healthcare. 3 The SEC filings and the reviewed public materials do not give street addresses, individual property names, or construction dates, so the buildings cannot be identified one by one from the public record.
- Property size
- 3 properties; 47,713 sq ft
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
The Trust holds its properties without a mortgage, so there is no lender, no loan maturity, and no refinancing deadline to manage; ExchangeRight marketed the offering as debt-free and unleveraged. 2 An exchanger who must replace debt from a relinquished property would have to satisfy that requirement elsewhere.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $1,240,000 · 5.0% of offering
- Finders’ fees
- Not in the Form D
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 14 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Cape Securities Inc. · CRD 7072
- Concorde Investment Services, LLC · CRD 151604
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- IBN Financial Services, Inc. · CRD 42360
- Lighthouse Capital Group, LLC · CRD 169135
- McDermott Investment Services, LLC · CRD 154926
- Money Concepts Capital Corp · CRD 12963
- Realized Financial, Inc. · CRD 22333
- Third Seven Capital LLC · CRD 160209
- Wealthforge Securities, LLC · CRD 152550
- Wilmington Capital Securities, LLC · CRD 133839
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 19, 2024
- 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.
Who's behind Net-Leased All-Cash 7 DST?
ExchangeRight is the sponsor, and the SEC filing identifies the issuer as a business trust it organized. 1 The firm runs a recurring program of net-leased DST offerings aimed at 1031 exchangers; this Trust is the seventh in its numbered all-cash series. On December 12, 2024 ExchangeRight announced the offering had been fully subscribed and was no longer accepting new investors. 3 Trade press reported the closing the same week. 2
- Sponsor
- Offerings on record
What does the SEC record show?
ExchangeRight filed an initial Form D — the brief notice an issuer files for a private placement — at launch, then a single amendment reporting the offering fully sold. The filings show a first sale on August 19, 2024. 1 Rule 506(b) bars public advertising, so interests were sold through existing relationships with accredited investors.
- Legal Trust name
- ExchangeRight Net-Leased All-Cash 7 DST
- SEC CIK
- 2033294
- First Form D
- Aug 8, 2024
- Latest Form D
- Aug 6, 2025
- Filings on record
- 2
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $24,800,000 | $24,800,000+$24,800,000 | 61 | EDGAR | |
| Form D | $24,800,000 | $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 Net-Leased All-Cash 7 DST?
- Net-Leased All-Cash 7 DST is a Historical offering. The last Form D, filed Aug 6, 2025, reports the offering fully sold.
- What does "all-cash" or "debt-free" mean here?
- It means the Trust acquired its properties without mortgage financing. There is no lender, no loan covenant, and no maturity date that could force a sale or refinancing. It also means an exchanger with mortgage debt on a relinquished property could not use this Trust to replace that debt, since the Trust carries none.
- Who are the tenants?
- Three single-tenant buildings leased to BioLife Plasma Services, Tractor Supply, and Dollar Tree, located in Texas and Minnesota, according to ExchangeRight's December 12, 2024 announcement. The SEC Form D filings do not name tenants, state lease terms, or list property addresses.
- Is there a 721/UPREIT exit?
- The record here does not show a 721 exchange or UPREIT feature — the mechanism by which a DST's property is later contributed to a REIT's operating partnership in return for units. Any exit pathway, including sale of the properties, would be governed by the offering documents.
- Has anything happened to the properties since the offering closed?
- The latest filing on record is the Form D amendment dated August 6, 2025, which reports the raise complete. No public record of a sale, refinancing, tenant termination, or other material property event after that date was found in the reviewed materials. That is a limit of public sources, not evidence that nothing occurred.
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.