ExchangeRight Net Leased Portfolio 16 DST reached full cycle through a property sale, which Top1031 records as of March 2, 2022. ExchangeRight lists the Delaware Statutory Trust (DST) among the completed programs on its published track record. That listing is the whole of what the Sponsor's public materials in Top1031's record say about the transaction. They do not identify a buyer, and they do not describe how the properties were sold.
The Offering as it was filed:
Item | As filed |
|---|---|
Sponsor | ExchangeRight |
Trust | ExchangeRight Net Leased Portfolio 16 DST |
Form D | |
Exemption | 506(b) |
Maximum offering amount | $28,530,000 |
Minimum investment | $100,000 |
Asset class | Commercial |
Sale price | not stated |
Measured from that Form D to the disposition date on Top1031's record, the hold period is 4.8 years.
ExchangeRight's published full-cycle returns table carries an annualized return of 7.79% for this program, as reported by the sponsor in its full-cycle returns disclosure. Top1031's record of that table carries no total return and no equity multiple.
The distribution terms the Offering originally set out sat in the private placement memorandum, which was never a public document, and the Form D carries no performance figures.
The record establishes a completed sale, the date it happened, and the one return figure the Sponsor publishes. The economics of the transaction stayed in the private documents.