Top1031

Net-Leased Portfolio 64 DST

Net lease retail property · sponsored by ExchangeRight

HistoricalLast Form D, filed Aug 6, 2025, reports the offering fully sold (opens in a new tab)

Net-Leased Portfolio 64 DST was a DST sponsored by ExchangeRight that owned 15 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.

ExchangeRight has 11 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$53,290,000
Equity offered, per the Form D
Sold
100%
Form D, Aug 6, 2025; the % is our arithmetic
Investors reported
110
Form D, Aug 6, 2025
Selling commissions
$2,664,500 · 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 64 DST. Top1031 is not a broker-dealer.

What did Net-Leased Portfolio 64 DST own?

The Trust holds single-tenant necessity-retail and distribution buildings that ExchangeRight assembled into one diversified portfolio for exchange investors. The sponsor describes the holdings as spread across 14 markets in 12 states, with six tenant operators. 2 Public sources reviewed did not establish individual street addresses, years built, or when ExchangeRight acquired each building, so those details live in the offering documents rather than the public record.

Property size
15 properties; 444,457 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?

ExchangeRight placed non-recourse, interest-only, fixed-rate mortgage debt on the portfolio, so the lender's remedy runs to the properties rather than to investors personally. 2 The rate, loan-to-value, and loan term appear in the sponsor's materials and in the offering documents.

Debt

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

Costs and terms from the Form D

Selling commissions
$2,664,500 · 5.0% of offering
Finders’ fees
Not in the Form D
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
19 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Aug 21, 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.

What does the SEC record show?

ExchangeRight filed the original Form D — the brief SEC notice for a private offering — at launch, then a single amendment reporting the raise complete. The Trust was offered under Rule 506(b), which bars public advertising and limits sales to accredited investors. The amendment reports a first sale date of August 21, 2023. 4

Legal Trust name
ExchangeRight Net-Leased Portfolio 64 DST
SEC CIK
1983816
First Form D
Aug 11, 2023
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
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$53,290,000
$53,290,000+$53,290,000
110
EDGAR
Form D$53,290,000
$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 64 DST?
Net-Leased Portfolio 64 DST is a Historical offering. The last Form D, filed Aug 6, 2025, reports the offering fully sold.
What does the Trust actually own?
A portfolio of 15 single-tenant net-leased properties totaling 444,457 square feet, which ExchangeRight describes as spread across 14 markets in 12 states. Named operators are FedEx, Tractor Supply, Hobby Lobby, Dollar General, Dollar General Plus, and a Family Dollar/Dollar Tree combination store. Individual addresses were not established in the public record.
Why does ExchangeRight describe this as an $89.2 million portfolio when the SEC filing shows a smaller number?
ExchangeRight's April 2024 announcement uses $89.2 million to describe the offering including mortgage debt. The Form D reports only the equity securities sold to investors, which is the smaller figure. Neither source reconciles the other; both are preserved here as filed and as announced.
Is there a 721/UPREIT exit?
The record shows no REIT conversion feature for this Trust. A 721/UPREIT exit is a structure where a DST's property is contributed to a real estate investment trust's operating partnership in exchange for partnership units, deferring tax again. Anyone relying on such a feature should confirm terms in the offering documents.

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.