ExchangeRight Net-Leased Portfolio 51 DST ended on October 5, 2026 through a Section 721 roll into a REIT, closing a 4.9 year hold. ExchangeRight sponsored the Delaware Statutory Trust (DST), which offered up to $46.73 million.
Field | Detail |
|---|---|
Trust | ExchangeRight Net-Leased Portfolio 51 DST |
Sponsor | ExchangeRight |
Property | not stated |
Location | not stated |
Asset type | Commercial |
First Form D filed | October 27, 2021 |
Original offering amount (maximum) | $46,730,000 |
Original minimum investment | $100,000 |
Outcome | Section 721 UPREIT roll (contribution to a REIT for operating-partnership units) |
Exit date | October 5, 2026 |
Hold | 4.9 years |
Trust
ExchangeRight Net-Leased Portfolio 51 DST
Sponsor
ExchangeRight
Property
not stated
Location
not stated
Asset type
Commercial
First Form D filed
October 27, 2021
Original offering amount (maximum)
$46,730,000
Original minimum investment
$100,000
Outcome
Section 721 UPREIT roll (contribution to a REIT for operating-partnership units)
Exit date
October 5, 2026
Hold
4.9 years
AltsWire reports that the receiving REIT is the sponsor's own Essential Income REIT, and that the portfolio closed with investors "achieving at least 100% of original invested value plus cash flow", as reported by the sponsor in its account of the closing. That report states no exact sale price, no total return, no equity multiple, no internal rate of return and no hold period, and the SEC filing recording the closing carries no performance figure either.
A Section 721 contribution exchanges real property for units in a REIT's operating partnership. What that exchange means for any one holder turns on the investor's own documents and facts.
The trust's original offering was made under Rule 506(b). ExchangeRight has 122 programs on record and 11 other active offerings, among them ExchangeRight Essential Income 14 DST and ExchangeRight Net-Leased All-Cash 22 DST.
Sources: REIT filing with the SEC, October 5, 2026; Form D, October 27, 2021; AltsWire report on the REIT's DST acquisitions; Blue Vault report on the REIT's DST portfolio acquisitions.
The hold shown runs from the first Form D to the exit date; the AltsWire report states no hold period. Return figures, where they exist, are as reported by the sponsor. How we report outcomes.