ExchangeRight
DST sponsorfirst SEC filing 2012exchangeright.com
Counted by Top1031 from SEC Form D filings · updated Oct 16, 2026 · Record Card evaluated Oct 12, 2026
27 completed sales; 0 losses or impairments; 27 counted Programs.
ExchangeRight has sponsored 121 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2012, most often net lease properties. Today its SEC filings show 11 active offerings; the newest was first filed on Oct 14, 2026. 12 more are recently fully subscribed.
ExchangeRight DST offerings (11 active)
Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. 12 recently fully subscribed offerings are listed last, marked Sold out, and not counted as active.
Ask a specialist about these offeringsShow all 23 offeringsShow fewer
ExchangeRight Record Card
ExchangeRight
27 completed sales; 0 losses or impairments; 27 counted Programs.
Completed sales 27Losses or impairments 0Counted Programs 27
Of 121 Programs, 27 count toward the Grade: 27 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.
- Programs found in SEC fundraising filings (Form D)
- 121
- Share of programs over 3 years old whose status we confirmed
- 53%
About ExchangeRight
ExchangeRight Real Estate, LLC has sponsored Delaware statutory trust programs since 2012, syndicating ownership in primarily investment-grade, single-tenant, net-leased necessity-based retail assets structured for Section 1031 tax-deferred exchange treatment. Its vertically integrated platform covers underwriting and acquisitions, financing and structuring, leasing and tenant retention, marketing and dispositions, asset and property management, analysis and legal, and investor reporting. ExchangeRight also sponsors ExchangeRight Income Fund, a REIT whose trustee it manages and which has acquired properties from trusts ExchangeRight previously managed. The sponsor reported more than $7.7 billion of assets under management as of July 31, 2026, and more than $720 million of acquisitions closed during 2025.
Sponsor-stated figures are as reported by the sponsor.Sources: sec.gov · SEC filing · 2024 · Top1031 sponsor record · exchangeright.com · Web page · 2012 · exchangeright.com · Web page · Undated · exchangeright.com · Web page · 2026 · exchangeright.com · Web page · 2026 · +8 more
Reported scale and 2025 activity
As of July 31, 2026, ExchangeRight reported more than $7.7 billion of assets under management stewarded on behalf of investors, together with an 8.60% average annual total return across all 34 of its full-cycle offerings 5. For calendar 2025, the sponsor reported more than $720 million of closed acquisitions and said that volume supported the launch of 18 new DST offerings 6.
Aggregation through the affiliated REIT
ExchangeRight Income Fund's Form 10-Q for the quarter ended June 30, 2026 reports that, during the six months then ended, the REIT acquired 16 properties for $68,364,000 through a merger with a DST previously managed by ExchangeRight on behalf of its investors, and that it acquired 28 properties at a relative fair value of $118,217,000 through a further such merger on June 25, 2026; as of June 30, 2026, ExchangeRight Income Fund GP, LLC, a wholly owned subsidiary of the sponsor, owned 600,000 Class I Common Shares of the REIT 7. The fund's annual report for the year ended December 31, 2025 states that it had acquired 29 properties from prior ExchangeRight-sponsored offerings since January 1, 2024 8.
Representative completed programs
- Net-Leased Portfolio 7 DST — 16 net-leased properties leased to Dollar General (8), Family Dollar (4), Advance Auto Parts, CVS, Napa Auto Parts, and O'Reilly Auto Parts — is recorded in ExchangeRight's track record as sold on February 9, 2022 after a 7.4-year hold, with a reported 8.74% annualized return 9.
- The Essential Income REIT acquired the 23-property Net-Leased Portfolio 28 DST in a transaction ExchangeRight announced on December 3, 2024 as its 34th full-cycle event and its 22nd net-leased portfolio full-cycle event, reporting investor total net annual returns of 6.96% to 9.02%, equal to 134.57% to 147.67% total returns including return of capital 10.
- Net-Leased Portfolio 23 DST is recorded in ExchangeRight's full-cycle returns disclosure as exiting on March 26, 2026 after a 7.6-year hold, with a reported 6.34% annualized return 11.
Dated 2026 offering closings
ExchangeRight announced the full subscription and closing of its $38.1 million Essential Income 5 DST on February 26, 2026 12; of its $26.95 million debt-free Net-Leased All-Cash 19 DST — three net-leased properties totaling 122,149 square feet leased to Fred Meyer, Hobby Lobby, and Verizon across Washington, Alabama, and Illinois — on August 19, 2026 13; and of its $52.85 million Essential Income 9 DST on September 8, 2026 14.
Show sources (14)Hide sources (14)
- sec.gov · SEC filing · 2024 ↗ Public record
- Top1031 sponsor record ↗
- exchangeright.com · Web page · 2012 ↗ Sponsor disclosure
- exchangeright.com · Web page · Undated ↗ Sponsor disclosure
- exchangeright.com · Web page · 2026 ↗ Sponsor disclosure
- exchangeright.com · Web page · 2026 ↗ Sponsor disclosure
- sec.gov · SEC filing · 2026 ↗ Public record
- sec.gov · SEC filing · 2025 ↗ Public record
- exchangeright.com · PDF document · 2022 ↗ Sponsor disclosure
- exchangeright.com · Web page · 2024 ↗ Sponsor disclosure
- exchangeright.com · PDF document · 2026 ↗
- exchangeright.com · Web page · 2026 ↗ Sponsor disclosure
- exchangeright.com · Web page · 2026 ↗ Sponsor disclosure
- exchangeright.com · Web page · 2026 ↗ Sponsor disclosure
ExchangeRight track record (121 programs)
Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.
Show all 121 programsShow fewer
ExchangeRight news
Sales report on ExchangeRight Essential Income 14 DST →
Sales report on ExchangeRight Net-Leased All-Cash 22 DST →
Sales report on ExchangeRight Essential Income 9 DST →
More ExchangeRight coverage (37)
Sales report on ExchangeRight Essential Income 9 DST →
Sales report on ExchangeRight Essential Income 13 DST →
Sales report on ExchangeRight Net-Leased All-Cash 19 DST →
Sales report on Portfolio of net-leased real estate →
Sales report on Net-Leased Portfolio 76 DST →
Sales report on ExchangeRight Net-Leased All-Cash 21 DST →
Sales report on Portfolio of net-leased real estate →
ExchangeRight Net Leased Portfolio 28 DST completed a 721 exchange
Event: Dec 2024 · Top1031
ExchangeRight Net Leased Portfolio 22 DST sold in August 2023
Event: Aug 2023 · Top1031
ExchangeRight Net Leased Portfolio 10 DST sold in October 2022
Event: Oct 2022 · Top1031
ExchangeRight Net Leased Portfolio 21 DST sold in September 2022
Event: Sep 2022 · Top1031
ExchangeRight Net Leased Portfolio 9 DST sold in September 2022
Event: Sep 2022 · Top1031
ExchangeRight Net Leased Portfolio 11 DST sold in August 2022
Event: Aug 2022 · Top1031
ExchangeRight Net Leased Portfolio 19 DST sold in August 2022
Event: Aug 2022 · Top1031
ExchangeRight Net Leased Portfolio 18 DST sold in July 2022
Event: Jul 2022 · Top1031
ExchangeRight Net Leased Portfolio 17 DST sold in June 2022
Event: Jun 2022 · Top1031
ExchangeRight Net Leased Portfolio 6 DST sold in April 2022
Event: Apr 2022 · Top1031
ExchangeRight Net Leased Portfolio 16 DST sold in March 2022
Event: Mar 2022 · Top1031
ExchangeRight Net Leased Portfolio 7 DST sold in February 2022
Event: Feb 2022 · Top1031
ExchangeRight Net Leased Portfolio 5 DST sold in December 2021
Event: Dec 2021 · Top1031
ExchangeRight Net Leased Portfolio 14 DST sold in April 2021
Event: Apr 2021 · Top1031
ExchangeRight Net Leased Portfolio 4 DST sold in March 2021
Event: Mar 2021 · Top1031
North Austin Apartment Portfolio DST sold in February 2021
Event: Feb 2021 · Top1031
ExchangeRight Net Leased Portfolio 13 DST sold in November 2020
Event: Nov 2020 · Top1031
ExchangeRight Net Leased Portfolio 3 DST sold in September 2020
Event: Sep 2020 · Top1031
Mira Bella & San Martin Apartments DST sold in November 2019
Event: Nov 2019 · Top1031
ExchangeRight Net Leased Portfolio 2 DST sold in September 2019
Event: Sep 2019 · Top1031
Lakeside at Arbor Place DST sold in September 2019
Event: Sep 2019 · Top1031
Crystal Lake Florida Apartments DST sold in August 2019
Event: Aug 2019 · Top1031
Multifamily 1 - Van Mark Creek Apartments DST sold in April 2019
Event: Apr 2019 · Top1031
Questions about ExchangeRight DSTs
- Does ExchangeRight have DST offerings available now?
- ExchangeRight’s SEC filings show 11 active DST offerings, with stated offering sizes from $17.8M to $136.1M. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. The newest was first filed on Oct 14, 2026. 12 more are recently fully subscribed and not counted as active.
- How many DST programs has ExchangeRight sponsored?
- Top1031 found 121 ExchangeRight programs in SEC Form D filings. The first was filed in 2012. Each is listed in the track record on this page with a link to its SEC filings.
- What kind of property does ExchangeRight put in its DSTs?
- Of the 88 ExchangeRight offering records on Top1031, 57 are net lease and two multifamily.
- What is the minimum investment for ExchangeRight DSTs?
- Each of its active offerings with a stated minimum lists $100,000, as shown on each offering’s page.
- What results has ExchangeRight published for its DSTs?
- On its Record Card, 27 of its 121 programs sold with a result reported by the sponsor. Another one moved into a REIT instead of being sold. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
- How do I ask about ExchangeRight offerings?
- Use the “Ask a specialist about these offerings” button at the top of ExchangeRight’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.
Answers are generated from the counts on this page and change when the record changes.
Other net lease DST sponsors
What can I do next?
Use the record as a starting point. Compare the current offerings or save them to your Watchlist.

