The minimum investment on ExchangeRight Essential Income 13 DST is exactly the median minimum across the Delaware Statutory Trust (DST) offerings Top1031 tracks. Nothing on either side of that number is median. The raise runs above the tracked market's median offering size, and the cost of placing the units runs below its median commission. The notice, filed August 20, 2026, states commissions in dollars only; the percentage measured against the maximum offering amount is Top1031's own tracked figure.
Term | As filed |
|---|---|
Offering amount | $107,600,000 (maximum) |
Amount sold as of August 20, 2026 | $0; date of first sale yet to occur |
Minimum investment | $100,000 |
Sales commissions | $4,304,000 |
Finders' fees | $0 |
Exemption | Rule 506(b) |
Broker-dealer | Lighthouse Capital Group, LLC |
Issuer | Delaware business trust, Pasadena, California |
Warren Thomas signed the Form D as Manager. He, Joshua Ungerecht and David Fisher are named as executive officers at the Pasadena address ExchangeRight uses, and all three appear as Managing Partners on the sponsor's leadership page. The notice classifies the trust's industry as commercial and identifies no property. ExchangeRight's name is on 24 of the 230 active offerings Top1031 tracks, and this is what the paperwork of a firm issuing at that cadence looks like: a market-standard ticket, an above-median raise, a single named broker-dealer.
The exemption the notice claims prohibits general solicitation and advertising. As of August 24, 2026, no national or trade press had named Essential Income 13 DST, and ExchangeRight had issued no release about it.
What ExchangeRight publicizes is the finish. It announced Net-Leased Portfolio 72 DST fully subscribed on June 9, 2026, Net-Leased All-Cash 18 DST on June 18, 2026, Essential Income 7 DST on July 1, 2026, Net-Leased Portfolio 73 DST on July 14, 2026, Essential Income 8 DST on July 27, 2026, and Net-Leased All-Cash 19 DST on August 19, 2026. AltsWire dated that last item August 18, 2026; this report follows the Business Wire release as the later primary record.
One offering in the record carries both a filing date and a dated launch. Essential Income 12 DST filed its Form D on June 15, 2026 for up to $123.53 million with nothing sold at that date, and AltsWire identified it as launched on July 8, 2026.
The full subscriptions ExchangeRight announced in July were Essential Income 7 and Essential Income 8. In that same series, the filings have reached 13.