Full cycle

ExchangeRight Net Leased Portfolio 13 DST Sold in November 2020, Ending a 4.2-Year Hold

The net-leased Delaware Statutory Trust (DST), first filed under a 506(b) exemption in August 2016, sold its property to close the offering's full cycle.

Published

ExchangeRight Net Leased Portfolio 13 DST reached full cycle on November 10, 2020, when the offering's property sold. That closed a hold of 4.2 years, measured from the Trust's first Form D filing on August 25, 2016.

As filed, the offering set a ceiling of $25.8 million and a $100,000 minimum investment, sold under a 506(b) exemption. The filing carries no original distribution figure.

ExchangeRight lists the program on its published full-cycle track record with a cumulative total return of 130%, as reported by the sponsor (ExchangeRight full-cycle returns), and an annualized return of 8.64%, as reported by the sponsor (same disclosure).

The sale price is not in the public record, and the two return figures rest on ExchangeRight's own disclosure rather than a transaction document.