ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced that the Essential Income REIT has acquired the Dow Texas Innovation Center, a 664,100-square-foot research and development campus in Lake Jackson, Texas, within the Houston MSA.

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ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced that the Essential Income REIT has acquired the Dow Texas Innovation Center, a 664,100-square-foot research and development campus in Lake Jackson, Texas, within the Houston MSA.

The REIT acquired the property from Brixton Capital, a privately held real estate investment firm, as part of a 721 exchange in which Brixton received Operating Partnership Units in the REIT in exchange for the contributed property. The Essential Income REIT’s Operating Partnership provided tax-deferred access to a portfolio of 475 properties net-leased to 44 primarily investment-grade tenants across 39 states, as of September 30, 2026.

The 34-acre campus is fully leased to The Dow Chemical Company, an investment-grade-rated tenant, under a long-term single-tenant triple-net lease. The acquisition adds to the REIT's diversification by tenant, industry, and geography, while contributing significantly to the REIT’s growth. The REIT’s Adjusted Funds From Operations (“AFFO”) continue to fully cover its current annualized distributions for all of its shares, as has been the case since its inception.

"The Essential Income REIT continues to grow through strategic acquisitions that meet our disciplined standards focused on real estate fundamentals with tenants that exhibit credit quality, net lease structures, and long-term value potential through rent growth," said Joshua Ungerecht, Managing Partner of ExchangeRight. "By completing a tax-deferred 721 Exchange into the REIT’s Operating Partnership, Brixton Capital was able to transition into the greater diversification of the REIT’s portfolio via a tax-deferral solution that met their needs. In exchange, the REIT gained an investor aligned with our strategy, another investment-grade tenant, and the assumption of below-market fixed-rate financing, which we believe collectively will be accretive to the REIT’s net asset value and AFFO, for the benefit of all investors in the Essential Income REIT, including Brixton Capital.”

The past performance of the Essential Income REIT and ExchangeRight does not guarantee future results. “Investment-grade” refers to tenants whose long-term corporate debt rating is considered investment grade by Standard & Poor’s, Moody’s, and/or Fitch.

About ExchangeRight's Essential Income REIT

The Essential Income REIT, a Maryland statutory trust, is a self-administered real estate company, formed on January 11, 2019. The REIT is available to accredited investors only and focuses on investing in single-tenant, primarily investment-grade net-leased real estate. The REIT has fully covered its dividend with Adjusted Funds From Operations since its inception and through its most recently reported period. The Company, through its operating partnership, ExchangeRight Income Fund Operating Partnership, LP, owns 475 properties in 39 states (collectively, the "Trust Properties") as of September 30, 2026. The Trust Properties are occupied by 44 different primarily national investment-grade necessity-based retail tenants and are additionally diversified by industry, geographic region, and lease term. The Company has elected and is qualified to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes. Please visit the REIT's webpage to learn more. The past performance of the Essential Income REIT and ExchangeRight does not guarantee future results.

About Brixton Capital

Brixton Capital is a private real estate investment company focused on generating outstanding, risk-adjusted returns by unlocking embedded value in multifamily and retail properties. Headquartered in San Diego County’s Solana Beach, California, Brixton’s leadership team averages over 25 years of commercial real estate expertise. The firm currently owns and operates a diverse portfolio of approximately $2 billion across the western United States, with plans for expansion into select East Coast markets. Brixton is an affiliate of Brutten Global, a family office-led investment management platform with approximately $10 billion in AUM. For more information, visit www.brixtoncapital.com.

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"The Essential Income REIT continues to grow through strategic acquisitions that meet our disciplined standards focused on real estate fundamentals," said Joshua Ungerecht