Net-Leased Portfolio 58 DST
Net lease property — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased Portfolio 58 DST
Minimum investment
$100k
Offering size
$40.0M
How much has sold
100.0%
Asset type
Net lease property
Location
Not stated
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Net-Leased Portfolio 58 DST is a Delaware statutory trust — a passive co-ownership vehicle 1031 exchangers can buy into — sponsored by ExchangeRight and organized in 2022.1 It holds net-leased grocery, necessity-based retail, banking, and pharmacy properties spread across 25 markets in 14 states.2 It is closed to new investors: ExchangeRight announced the portfolio was fully subscribed on January 3, 2023.2
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These links support the historical public record; individual details may come from different 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 Trust holds a spread of single-tenant buildings in 25 separate markets across 14 states, described by ExchangeRight as grocery, necessity-based retail, banking, and pharmacy real estate.2 The diversification is horizontal rather than vertical — many small freestanding boxes rather than one large asset. Public records reviewed through August 25, 2026 do not disclose the individual property addresses, building sizes, or acquisition dates.
- Property size
- 25 properties; 317,101 square feet
Who is the tenant, and what's the lease?
ExchangeRight named eight tenants across the portfolio: Dollar General, CVS Pharmacy, Aldi, Family Dollar, Huntington Bank, Hobby Lobby, Dollar Tree, and Walgreens.2 These are net leases, meaning the tenant — not the Trust — carries most or all of the operating cost, tax, and maintenance burden. Lease expiration dates and the one-to-one tenant-to-property mapping are not in the public record.
How did it end?
No sale or other ending on record
No public full-cycle announcement has been found for ExchangeRight Net-Leased Portfolio 58 DST; ExchangeRight's published full-cycle returns document only covers Net-Leased Portfolio 28 (the 34th full-cycle event, completed November 2024), and the trust appears to still hold its net-leased properties following the December 2024 equity raise close.
25 properties across 25 markets in 14 states; 317,101 square feet of grocery, necessity-based retail, banking, and pharmacy real estate; 5.00% annualized distribution rate; 43.77% loan-to-value with non-recourse interest-only financing at a fixed 5.293% rate over a 10-year term; key tenants include Dollar General, CVS Pharmacy, Aldi, Family Dollar, Huntington Bank, Hobby Lobby, Dollar Tree, and Walgreens.
25 properties; 317,101 square feetSupporting evidence
How is it financed, and what does it pay?
The Trust is leveraged: it carries mortgage debt alongside investor equity, and ExchangeRight has described that debt as non-recourse and interest-only, meaning lenders look to the properties rather than to individual investors, and principal is not amortized during the term.2 The lender is not identified in public filings.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
ExchangeRight, based in Pasadena, California, builds diversified net-leased portfolios for 1031 exchange investors and is one of the more prolific DST sponsors by offering count. The Form D lists Joshua Ungerecht, David Fisher, and Warren Thomas as executive officers of the issuer.1 On January 3, 2023 the sponsor announced this 25-property portfolio had been fully subscribed, and reported a total offering of $71,135,000 — a figure larger than the equity amount stated in the SEC filings, which the two sources do not reconcile.2
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 58 DST
- 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?
ExchangeRight filed the initial Form D — the brief SEC notice that an exempt private offering has begun — and then a single amendment more than two years later, reporting the offering fully sold. The first sale of interests occurred on September 19, 2022.3 Sales were made privately to accredited investors, without general advertising.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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
What happened to Net-Leased Portfolio 58 DST?
Top1031 lists Net-Leased Portfolio 58 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Net-Leased Portfolio 58 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.
Can I still invest in Net-Leased Portfolio 58 DST?
No. This Trust is closed to new investors. ExchangeRight announced on January 3, 2023 that the 25-property portfolio had been fully subscribed, and the amended Form D filed December 9, 2024 reports nothing remaining to be sold. Investors researching a current exchange would need to look at ExchangeRight's active offerings or other sponsors' open Trusts.
What would an investor actually have owned here?
A beneficial interest in a Delaware statutory trust, which in turn owns 25 net-leased buildings across 14 states. In a DST the trustee holds title and the sponsor's affiliate manages the assets; investors hold a passive interest with no say in leasing, financing, or sale decisions. The IRS treats that interest as replacement property for a 1031 exchange.
Why do the sponsor's offering amount and the SEC filing amount differ?
ExchangeRight's January 3, 2023 announcement reported a $71,135,000 offering, while the Form D filings report a smaller total offering amount. Form D generally reports the securities (equity) being offered, whereas a sponsor press release often describes the full capitalization including mortgage debt. Neither source reconciles the two figures, so both are preserved as published.
Who are the tenants?
ExchangeRight named eight tenants in its January 3, 2023 announcement: Dollar General, CVS Pharmacy, Aldi, Family Dollar, Huntington Bank, Hobby Lobby, Dollar Tree, and Walgreens. The public record does not map which tenant occupies which of the 25 buildings, nor does it disclose lease expiration dates or a weighted-average lease term.
Has the portfolio been sold, refinanced, or had a tenant default?
No outcome has been reported. Research through August 25, 2026 located no primary filing or exact-entity announcement documenting a sale, refinancing, foreclosure, or tenant bankruptcy for this Trust. Closed DSTs frequently go years without a public event; the absence of news is not evidence of performance in either direction.
Chapter 9ExchangeRight Fully Subscribes 25-Property, $71 Million Net-Leased PortfolioExchangeRight announced the full subscription of Net-Leased Portfolio 58 DST, a $71,135,000 offering comprising 25 properties and 317,101 square feet of grocery, necessity-based retail, banking, and pharmacy real estate across 25 markets in 14 states, featuring a 5.00% annualized distribution rate and 43.77% loan-to-value financing.