ExchangeRight Real Estate, LLC

ExchangeRight is a real estate investment firm headquartered in Pasadena, California, specializing in tax-advantaged real estate solutions. The company's core business involves acquiring and managing net-leased assets, primarily within the necessity-based retail and healthcare sectors. Its mission is to empower investors, industry partners, and its team to be secure, free, and generous by faithfully stewarding investor wealth through strategic real estate investments.

ExchangeRight offers a range of investment products, including Delaware Statutory Trusts (DSTs) such as REIT Fast-Track DSTs, All-Cash DSTs, and Financed DSTs, as well as its flagship Essential Income REIT. These offerings are designed for accredited investors seeking stable income, capital preservation, and strategic exits, often utilizing 1031 exchanges for tax deferral. The firm focuses on properties with investment-grade tenants operating in recession-resilient industries and also manages diversified value-add portfolios of shopping centers through ExchangeRight Marketplaces.

As of March 31, 2026, ExchangeRight manages over $7.2 billion in assets across more than 1,400 properties in 47 states. The company has a notable track record, with all its offerings historically meeting or exceeding cash flow projections and maintaining 100% rent collection across its net-leased assets since its inception. Recent developments include the full subscription of its Net-Leased All-Cash 17 DST in April 2026 and a significant increase in the Essential Income REIT's credit facility from $185 million to $600 million. Dave Van Steenis was promoted to President in February 2026, joining Managing Partners Joshua Ungerecht and Warren Thomas in leadership. While the Essential Income REIT became a publicly reporting company in Q3 2023, its shares are not listed or traded on any stock exchange.