Net-Leased Portfolio 60
Net lease property — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased Portfolio 60 DST
Minimum investment
$100k
Offering size
$51.3M
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?
ExchangeRight Net-Leased Portfolio 60 DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — owning grocery, pharmacy, healthcare, and discount retail buildings across 10 states.1 It is closed to new investors: ExchangeRight reported the offering fully subscribed on October 10, 2023, describing it as a $90,500,000 raise, a figure larger than the offering amount on the Form D.1
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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?
ExchangeRight assembled Portfolio 60 as a diversified basket rather than a single building, spreading it across 14 separate markets in 10 states.1 The sponsor grouped the holdings as grocery, healthcare, pharmacy, and other necessity-based retail — the categories it says are built to hold up through a recession.1 Street addresses, individual acquisition dates, and a tenant-to-property map do not appear in the public record.
- Property size
- 397,201 square feet; 14 properties
Who is the tenant, and what's the lease?
Nine tenants stand behind the portfolio, among them ShopRite, CVS Pharmacy, GIANT Company, BioLife Plasma, Family Dollar, and Hobby Lobby.1 The buildings are net-leased, meaning the tenants rather than the Trust carry property-level costs such as taxes, insurance, and upkeep. Individual lease expirations and rent escalators are not published.
How did it end?
No sale or other ending on record
No public full-cycle announcement has been found for ExchangeRight Net-Leased Portfolio 60 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.
$90,500,000 offering featuring 397,201 square feet of grocery, healthcare, pharmacy, and necessity-based retail tenants across 14 properties in 14 markets and 10 states. Nine recession-resilient tenants including ShopRite, CVS Pharmacy, GIANT Company, BioLife Plasma, Family Dollar, and Hobby Lobby. Current annualized distribution rate of 4.80%. Launched with 43.37% loan-to-value and non-recourse interest-only financing at 5.71% fixed rate over a 5-year term. Fully subscribed October 10, 2023.
397,201 square feet; 14 propertiesSupporting evidence
How is it financed, and what does it pay?
This Trust carries mortgage debt alongside investor equity. ExchangeRight described the loan as non-recourse and interest-only at a fixed rate over a set term — non-recourse meaning the lender looks to the properties rather than to investors personally, and interest-only meaning no principal is paid down during the term.1 The lender is not named publicly.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
ExchangeRight sponsors net-leased DST portfolios of grocery, pharmacy, and other necessity-based retail, and Portfolio 60 sits in a long numbered series of those offerings. The December 9, 2024 Form D/A names Joshua Ungerecht, David Fisher, and Warren Thomas as executive officers, with Thomas signing as manager for the issuer.2 Public sources reviewed through August 2026 report no sale, refinance, or other material event for this Trust.
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 60 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?
The first sale occurred on December 12, 2022, four days after the initial notice reached the SEC.2 A single amendment followed two years later, reporting the raise complete and no securities remaining.2 The offering was placed privately — no public advertising — with interests sold to accredited investors, meaning those meeting the SEC's income or net-worth thresholds.
- 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 60?
Top1031 lists Net-Leased Portfolio 60 as historical. It is no longer raising money.
Where does Top1031 get the data for Net-Leased Portfolio 60?
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 60?
No. The Trust is closed to new investors. ExchangeRight announced on October 10, 2023 that the offering was fully subscribed, and the December 9, 2024 Form D/A reports no securities remaining. Investors mid-exchange would need to look at ExchangeRight's currently open offerings or another sponsor's.
Why do two different offering sizes appear for this Trust?
ExchangeRight publicly described Portfolio 60 as a $90,500,000 offering when it announced full subscription on October 10, 2023. The Form D/A filed with the SEC on December 9, 2024 reports a smaller offering amount. No public source reconciles the two figures, so both are preserved here as filed and as stated.
What exactly does an investor own here?
A beneficial interest in a Delaware statutory trust that holds 14 net-leased retail and healthcare-service properties in 14 markets across 10 states. The trustee holds title; investors hold passive fractional interests that can qualify as replacement property in a 1031 exchange. Investors do not manage the buildings or the leases.
Is there a 721/UPREIT exit?
The Trust's record does not flag a 721 exchange or UPREIT feature — that is, a planned contribution of the properties to a REIT's operating partnership in exchange for units. Any exit mechanics an investor is relying on should be read directly in the private placement memorandum (PPM), the offering's governing disclosure document.
Has the portfolio been sold or refinanced?
No outcome has been reported. Public sources reviewed through August 2026 show no sale, refinance, or other material property event for Portfolio 60 since the offering closed. The most recent SEC filing on record is the December 9, 2024 Form D/A.
What was the minimum investment?
Both the December 8, 2022 Form D and the December 9, 2024 amendment report a $100,000 minimum accepted from any outside investor. That figure is historical — the offering is closed.
Chapter 9Net-Leased Portfolio 60 - Fully SubscribedSponsor video announcement confirming full subscription of Net-Leased Portfolio 60 DST, a $90,500,000 offering of 397,201 square feet of necessity-based retail tenants. ExchangeRight Announces Fully Subscribed $90.5M DST OfferingTrade-press coverage of ExchangeRight's full subscription of Net-Leased Portfolio 60 DST, the $90.5 million offering of 14 necessity-based net-leased properties.