ExchangeRight Net Leased Portfolio 21 DST appears as a completed program on ExchangeRight's published full-cycle returns document, which dates the sale of the Trust's properties to September 14, 2022. Four years and five months separate that closing from April 2, 2018, when the Trust filed its first Form D for a 506(b) offering of Delaware Statutory Trust (DST) interests.
Item | Record |
|---|---|
Sponsor | ExchangeRight |
Asset class | Commercial |
Amount offered, per Form D | $31,300,000 |
Minimum investment | $100,000 |
Sale price | not stated |
Annualized return | 6.70%, as reported by the sponsor in its published full-cycle returns document |
The annualized figure in the table is a blend, not one path's result. It is recorded on that basis: a blended average of the return to investors who took the cash-out and 1031-exchange option and the return to those who completed a 721 exchange into the acquiring REIT, measured against that REIT's net asset value per share. No source in the record names the acquiring REIT, and no figure for either path on its own is on record.
The Form D carries no performance figures. The distribution terms and the sponsor's underwriting for the portfolio sit in the private placement memorandum, which was not filed.