$111 Million Net-Leased Portfolio 68 DST Fully Subscribed as ExchangeRight Expands its REIT's Acquisition Pipeline

Business Wire

3 days ago

PASADENA, Calif.--(BUSINESS WIRE)-- ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced the full subscription of Net-Leased Portfolio 68 DST, reflecting continued demand for historically recession-resilient and diversified net-leased offerings that support the company's scalable aggregation strategy and REIT pipeline. The $111.01 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.00% covered 100% by in-place revenues from the offering. Net-Leased Portfolio 68 DST is a closed offering and is not accepting new investors.
This ExchangeRight DST provides investors with monthly distributions at a current rate of 5.00% covered 100% by in-place revenues from the offering.
The offering consists of 16 long-term net-leased properties tenanted by recession-resilient companies such as FedEx, Dollar Tree, Tractor Supply, O'Reilly Auto Parts, Dollar General Market, Sherwin-Williams, and Dollar General, with an initial weighted-average lease term of 15.1 years. The portfolio's properties span 16 markets across 10 states, and 546,966 square feet of primarily investment-grade tenanted retail space.
As part of ExchangeRight's aggregation strategy, Net-Leased Portfolio 68 DST is designed to be compatible for a potential future acquisition by ExchangeRight's Essential Income REIT. Through its vertically integrated platform, ExchangeRight aims to provide investors access to long-term tax-advantaged income with enhanced diversification, liquidity, and optionality. At exit, investors may have the opportunity to participate in a tax-deferred 721 exchange into the REIT, in addition to other strategic exit options including a 1031 exchange, cash-out, or a combination of these options. There is no guarantee that the DST's or the Sponsor's objectives, including its exit strategies, will be achieved.
'ExchangeRight's aggregation strategy and REIT alignment are central to delivering long-term value for investors,' said Warren Thomas, managing partner at ExchangeRight. 'This offering not only provides consistent monthly distributions, but also a potential path to enhanced diversification and liquidity within our Essential Income REIT in addition to other exit options.' The past performance of ExchangeRight does not guarantee future performance or exit optionality.
About ExchangeRight
ExchangeRight's and its affiliates' vertically integrated platform features more than $6.6 billion in assets under management that are diversified across over 1,300 properties, and 26 million square feet throughout 47 states, as of June 30, 2025. ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios to accredited investors that target secure capital, stable income, and strategic exits. All of ExchangeRight's current and past offerings, including 34 successful full-cycle offerings, have historically met or exceeded their return objectives since ExchangeRight's inception. On behalf of our investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. 'Investment-grade' applies to tenants whose long-term corporate debt rating is considered investment grade by Standard & Poor's, Moody's, and/or Fitch. An investment-grade rating is a rating that indicates that a corporate bond has a relatively lower risk of default than a corporate bond with a speculative grade. Please visit www.exchangeright.com for more information.