ExchangeRight, one of the nation’s leading providers of diversified REIT and DST investments, has announced that demand for the company’s historically recession-resilient debt-free offerings has driven the full subscription of Net-Leased All-Cash 11 DST. The $40.8 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity retail, provides investors with monthly distributions at a current rate of 5.20% covered 100% by in-place revenues from the offering. Net-Leased All-Cash 11 DST is a closed offering and is not accepting new investors.
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PASADENA, Calif. — Tenants occupying ExchangeRight's closed Net-Leased All-Cash 11 DST (Tuesday, May 13, 2025).
The offering consists of six long-term net-leased properties tenanted by Tractor Supply, Reasor’s Grocery, Dollar General Market, and Sherwin-Williams, with an initial weighted-average lease term of 14.4 years. The portfolio’s properties span 149,575 square feet and are located in Texas, Maryland, and Oklahoma.
The Net-Leased All-Cash 11 DST exit strategy is structured to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 exchange, a 721 exchange into the Essential Income REIT, cash out, or any combination of these options at exit. Pending successful future financing, ExchangeRight is intending to provide investors with the option to receive a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, and a tax-deferred 721 exchange of the 70–80% non-financed equity into the Essential Income REIT. There is no guarantee that the DST’s objectives, including its exit strategies, will be achieved.
“We are honored by the continued trust investors place in ExchangeRight’s conservative investment strategy,” said Warren Thomas, managing partner at ExchangeRight. “The strong response to this All-Cash offering highlights the ongoing demand for long-term net-leased investments backed by tenants operating in necessity-based industries. Our focus remains on structuring offerings that align with investors’ long-term goals of stable monthly income, capital preservation, and strategic exit optionality.” 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 $6.5 billion in assets under management that are diversified across over 1,300 properties, and 25 million square feet throughout 47 states, as of April 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.
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"The strong response to this All-Cash offering highlights the ongoing demand for long-term net-leased investments backed by tenants operating in necessity-based industries." - ExchangeRight
Contacts
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
