Net-Leased Portfolio 66 DST
Net lease retail — sponsored by ExchangeRight
Files with the SEC as ExchangeRight Net-Leased Portfolio 66 DST
Minimum investment
$100k
Offering size
$63.8M
How much has sold
100.0%
Asset type
Net lease retail
Location
Not stated
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Net-Leased Portfolio 66 DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (1)Hide sources (1)
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?
- Property size
- 11 properties; 507,017 rentable sq ft total
How did it end?
No sale or other ending on record
No full-cycle or sale announcement exists; ExchangeRight announced the $107 million Net-Leased Portfolio 66 DST as fully subscribed, and the trust remains in its operating hold period consistent with ExchangeRight's typical ~5-year DST hold.
$107M debt-free portfolio of 11 net-leased retail properties totaling 507,017 sq ft across 8 U.S. states, leased to seven recession-resilient tenants including FedEx, Hy-Vee, Stop & Shop, and Tractor Supply. Monthly distributions at a 5.00% current annualized rate; backed by a 5-year fixed interest-only senior loan at 6.14% (40.42% LTV). Launched Jan. 17, 2024; closed fully subscribed Sept. 17, 2024.
11 properties; 507,017 rentable sq ft totalSupporting evidence
How is it financed, and what does it pay?
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 66 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?
- 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 66 DST?
Top1031 lists Net-Leased Portfolio 66 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Net-Leased Portfolio 66 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.
Chapter 8Investors Fully Subscribe ExchangeRight's $107 Million Net-Leased Portfolio Designed for Recession ResilienceWire-distributed version of the ExchangeRight release announcing full subscription of the $107M Net-Leased Portfolio 66 DST with monthly distributions at a 5.00% current annualized rate.