Top1031

Net-Leased Portfolio 59

Net lease property · sponsored by ExchangeRight

HistoricalLast Form D, filed Dec 9, 2024, reports the offering fully sold (opens in a new tab)

Net-Leased Portfolio 59 was a DST sponsored by ExchangeRight that owned 15 net lease properties. Its last Form D, filed Dec 9, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Dec 9, 2024, reports the offering fully sold.

ExchangeRight has 11 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$62,345,000
Equity offered, per the Form D
Sold
100%
Form D, Dec 9, 2024; the % is our arithmetic
Investors reported
117
Form D, Dec 9, 2024
Selling commissions
$3,117,250 · 5.0% 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: Net-Leased Portfolio 59. Top1031 is not a broker-dealer.
Net-Leased Portfolio 59 image 1 of 3

Net-Leased Portfolio 59 · Photo: mma.prnewswire.com

What did Net-Leased Portfolio 59 own?

ExchangeRight assembled this portfolio as one of its numbered net-leased series, spreading single-tenant necessity retail and medical buildings across 15 separate markets. 1 Public materials name the tenants but publish no street addresses and no state-by-state schedule, so the individual sites cannot be traced through the record. Year built, parking, and site-level detail for the buildings do not appear in the public record either.

Property size
15 properties; 261,644 sq ft; 11 states

Tenant and lease terms are not in the SEC filings or cited sources.

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

ExchangeRight reported placing interest-only, non-recourse debt on the portfolio: no principal amortizes during the loan term, and the lender's claim runs to the properties rather than to investors personally. 1 The lender is not named in public materials.

Debt

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

Costs and terms from the Form D

Selling commissions
$3,117,250 · 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
29 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Oct 21, 2022
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.

What does the SEC record show?

The initial Form D — the brief notice an issuer files with the SEC when it sells securities privately — opened the offering, and the later amendment reported it fully sold, with sales having begun October 21, 2022. 2 The Trust was offered under Rule 506(b), the private-placement route that bars general advertising and relies on pre-existing relationships with accredited investors.

Legal Trust name
ExchangeRight Net-Leased Portfolio 59 DST
SEC CIK
1946436
First Form D
Oct 13, 2022
Latest Form D
Dec 9, 2024
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

FiledFormOffering amountAmount soldInvestors
Form D/A$62,345,000
$62,345,000+$62,345,000
117
EDGAR
Form D$62,345,000
$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 Portfolio 59?
Net-Leased Portfolio 59 is a Historical offering. The last Form D, filed Dec 9, 2024, reports the offering fully sold.
What does owning a DST interest mean for my exchange?
A Delaware Statutory Trust holds title to the real estate, and investors own beneficial interests that are treated as real property for 1031 purposes. Ownership is fully passive: the trustee and sponsor make all leasing, financing, and sale decisions, and investors cannot direct them.
Who are the tenants and where are the buildings?
ExchangeRight named Mariano's, Walgreens, CVS Pharmacy, Dollar General, Dollar Tree, Tractor Supply and Fresenius Medical Care as the tenants, spread across 15 markets. Individual property addresses, a state-by-state schedule, and lease expiration dates were not published in the materials reviewed.
What did the December 9, 2024 filing change?
It was a Form D/A amendment to the original notice. It updated the offering record to show the raise complete and reported the first sale date of October 21, 2022; it did not change the exemption used, which remained Rule 506.

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.