ExchangeRight Net Leased Portfolio 17 DST has reached full cycle. The program is carried as completed at an annualized return of 7.43%, as reported by the sponsor in its full-cycle returns schedule.
Top1031 records the exit as a property sale dated June 24, 2022. The sponsor's schedule lists the program as completed but does not date the closing.
Term | As filed |
|---|---|
Sponsor | ExchangeRight |
Asset class | Commercial |
Exemption | 506(b) |
Total offering amount | $31,540,000 |
Minimum investment | $100,000 |
The Trust's first Form D was filed on August 10, 2017. The interval from that filing to the recorded disposition is 4.9 years, measured from the opening of the offering and not from the acquisition of the properties, which the public filing does not date.
That Form D set out size, minimum and exemption. Distribution terms sat in the private placement memorandum, which is not a public filing, so the public record carries no original distribution figure to set beside the result the sponsor reports.
How proceeds divided among the investors in the Trust is absent from the public documents.