Net-Leased Portfolio 61 DST
Net lease property · sponsored by ExchangeRight
Net-Leased Portfolio 61 DST was a DST sponsored by ExchangeRight that owned 16 net lease properties. Its last Form D, filed Dec 10, 2024, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Dec 10, 2024, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $62,500,000Equity offered, per the Form D
- Sold
- 100%Form D, Dec 10, 2024; the % is our arithmetic
- Investors reported
- Form D, Dec 10, 202499
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,125,000 · 5.0% of offering
- 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 61 DST. Top1031 is not a broker-dealer.Net-Leased Portfolio 61 DST · Photo: cdn-static.exchangeright.com
What did Net-Leased Portfolio 61 DST own?
ExchangeRight assembled Portfolio 61 as a diversified pool of single-tenant buildings in 16 separate markets across 11 states, rather than as one property. 2 Individual addresses and building names appear in neither the Form D nor the sponsor's announcement, so the portfolio is identified by its tenant mix — grocery, pharmacy, medical, and other necessity-based retail — rather than building by building. Acquisition dates and prices are not in the public record.
- Property size
- 16 properties; 377,666 square feet
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 carries mortgage debt rather than owning the buildings free and clear. ExchangeRight reports non-recourse, interest-only financing, meaning the lender's remedy in a default is the real estate itself rather than investors' other assets, and no principal is amortized during the loan term. 2 The lender is not named in public sources.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,125,000 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 21 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Calamar Financial Group, LLC · CRD 283992
- Calton & Associates, Inc. · CRD 20999
- Concorde Investment Services, LLC · CRD 151604
- DMK Advisor Group, Inc. · CRD 41067
- Emerson Equity LLC · CRD 130032
- Gramercy Securities, Inc. · CRD 8177
- Great Point Capital LLC · CRD 114203
- Investment Security Corporation · CRD 47536
- JRL Capital Corporation · CRD 10225
- Kingswood Capital Partners, LLC · CRD 288898
- Kovack Securities Inc. · CRD 44848
- Lighthouse Capital Group, LLC · CRD 169135
- Madison Avenue Securities, LLC · CRD 23224
- McDermott Investment Services, LLC · CRD 154926
- Money Concepts Capital Corp · CRD 12963
- Newbridge Securities Corporation · CRD 104065
- Peak Brokerage Services, LLC · CRD 157045
- Realized Financial, Inc. · CRD 22333
- SCF Securities, Inc. · CRD 47275
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 24, 2023
- 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 Portfolio 61 DST?
ExchangeRight runs a serial 1031 program of numbered net-leased portfolios built around national, necessity-based tenants; this is the 61st in that series. The amended Form D names Joshua Ungerecht, David Fisher, and Warren Thomas as executive officers, with Thomas signing as manager. 1 Beyond the 2023 full-subscription announcement, no later sponsor or press disclosure specific to this Trust was found.
- Sponsor
- Offerings on record
What does the SEC record show?
ExchangeRight filed an original Form D — the short notice an issuer files for a private placement — when the Trust launched, then a single amendment reporting the completed sale nearly two years later. The offering relied on the private-placement exemption that bars general advertising and limits sales to accredited investors with whom the sponsor had a pre-existing relationship.
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 61 DST
- SEC CIK
- 1962078
- First Form D
- Jan 23, 2023
- Latest Form D
- Dec 10, 2024
- 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 | $62,500,000 | $62,500,000+$62,500,000 | 99 | EDGAR | |
| Form D | $62,500,000 | $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 61 DST?
- Net-Leased Portfolio 61 DST is a Historical offering. The last Form D, filed Dec 10, 2024, reports the offering fully sold.
- What would I have owned in this Trust?
- A beneficial interest in a Delaware statutory trust that owns 16 single-tenant, net-leased retail, medical, and pharmacy buildings. In a DST the trustee holds title and makes property decisions; investors hold passive interests that the IRS treats as direct real property ownership for 1031 exchange purposes.
- Where are the properties located?
- ExchangeRight says the 16 properties sit in 16 separate markets across 11 states. Individual street addresses, city names, and the mapping of each tenant to each building were not disclosed in the Form D or in the sponsor's public announcement.
- Why do two different offering sizes appear for this Trust?
- ExchangeRight's August 31, 2023 announcement describes a $109.37 million offering, while the Form D reports the equity amount raised from investors. Public sources do not reconcile the two figures, and the Trust also carries mortgage debt.
- Has there been a sale or other outcome reported?
- No outcome has been reported yet. As of August 28, 2026, public sources show no full-cycle sale, refinancing, or other property-level event for this Trust after the 2023 full-subscription announcement and the December 2024 Form D amendment.
- Was this Trust set up for a 721/UPREIT exit?
- Top1031's record of the Trust shows no 721/UPREIT feature — that is, no contribution of the properties into a REIT in exchange for REIT operating-partnership units. Investors reviewing exit mechanics should read the offering documents.
In the news
Sources
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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.